Do More With Reuters

JBM Auto signs JV with Ashok Leyland for components

Mon May 12, 2008 11:34am IST
 
Email | Print | | Single Page
[-] Text [+]

MUMBAI (Reuters) - JBM Auto Ltd said on Monday it has signed a joint venture with Ashok Leyland Ltd to supply sheet metal components.

The venture, in which JBM holds 74 percent stake, will invest 1 billion rupees, the company said in a statement. The commercial operations will start from 2010, it said.

 
Photo

Catch the latest as India acts to quash inflation and guard food supplies.  Full Coverage 

Photo

India and South Asia market Technical Analysis with Phil Smith

Symbol Bid Ask
BRENT CRUDE $0.00 $0.00
GOLD $0.00 $0.00
SILVER $0.00 $0.00