JBM Auto signs JV with Ashok Leyland for components
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.
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