Mumbai, July 18 (UNI) ANG Auto Tech Pvt Ltd, a subsidiary of ANG Auto Ltd, has entered into a strategic tie-up with Ashok Leyland, the flagship of the Hinduja Group in India, for the manufacture and supply of tractor-trailers for a initial period of five years to be renewed with mutual consent, for a value between Rs 1500 crore- Rs 1800 crore.
Under this agreement, ANG Auto Tech (P) Ltd is setting up a capacity of 6,000 trailers per annum for Ashok Leyland from its Sitarganj unit (Uttaranchal) exclusively for Ashok Leyland, the Company informed BSE here today. This manufacturing facility will be operational by October 2006.
''Today there is a shortage of standard international quality trailers in the market. This tie-up will ensure greater availability of tractor-trailers,'' said Mr Premjit Singh, MD, of the Company. The trailers -- to be co-branded and marketed by Ashok Leyland -- will be aggressively priced, to ensure that the end user gets standard international quality at competitive prices, said he.
The Company will manufacture trailers in technical collaboration with FUWA Engineering, China, one of the largest manufacturer of axles in the world.
UNI SN MAZ VKG1815
Under this agreement, ANG Auto Tech (P) Ltd is setting up a capacity of 6,000 trailers per annum for Ashok Leyland from its Sitarganj unit (Uttaranchal) exclusively for Ashok Leyland, the Company informed BSE here today. This manufacturing facility will be operational by October 2006.
''Today there is a shortage of standard international quality trailers in the market. This tie-up will ensure greater availability of tractor-trailers,'' said Mr Premjit Singh, MD, of the Company. The trailers -- to be co-branded and marketed by Ashok Leyland -- will be aggressively priced, to ensure that the end user gets standard international quality at competitive prices, said he.
The Company will manufacture trailers in technical collaboration with FUWA Engineering, China, one of the largest manufacturer of axles in the world.
UNI SN MAZ VKG1815
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