MITSUBISHI MAY HELP MAKE ENGINE FOR HM

Article Abstract:

Mitsubishi Motors of Japan and Hindustan Motors (HM) are conducting negotiations. The negotiations are for developing a new engine for HM's rural transport vehicle (RTV). HM is making RTV in collaboration with Oka Motor Co of Australia and the RTV is a new concept in rural transportation. HM has not been able to sell many rural transport vehicles as the current engine is said to be underpowered. It is said to have an inventory of about 100 rural transport vehicles. Currently, these vehicles run on two- litre Isuzu diesel engine with an eight speed gearbox. HM which has invested Rs44 crore in RTV facility plans to introduce hard- top RTV (ag)(m)

Comment:

Mitsubishi Motors of Japan and Hindustan Motors (HM) are conducting negotiations.

Japan, Automobiles, Automobile Manufacturing, Strategic alliances, Mitsubishi Motors Corp., Hindustan Motors Ltd.

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TVS-SUZUKI PICKS UP 3% STAKE IN PATHEJA FORGINGS

Article Abstract:

TVS-Suzuki Ltd has acquired a 3 percent stake in Patheja Forgings Ltd (PFL) at the ruling price of Rs4.90 per share. This is in line with its decision to acquire a 2.5-3 percent stake in the equity of its auto component suppliers. This will ensure that the company gets a steady supply of components at a reasonable price. PFL has an equity capital of Rs26 crore at present. Its scrip price is currently quoted at Rs4.15 against Rs6 in June 1998. (khr)

Comment:

Acquires 3% stake in Patheja Forgings at ruling price of Rs4.90 per share

Asset sales & divestitures, Acquisitions & mergers, Metal Forgings & Stampings, Forging and Stamping, Metal industries, Article, TVS-Suzuki Ltd., Patheja Forgings Ltd.

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