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aerohit · 2nd September 2008, 20:43

Hino to begin selling trucks in India in 2009
Kyodo
179 words
2 September 2008
12:27
Kyodo News
English
(c) 2008 Kyodo News

TOKYO, Sept. 2 -- Hino Motors Ltd. will launch sales of its trucks in India next year through a marketing firm established jointly with Marubeni Corp. in light of vigorous construction and resources development activities there, the two Japanese companies said Tuesday.
The joint venture was set up in late August in Mumbai, the two firms said in a joint statement.
The new company, Hino Motors Sales India Private Ltd., is due to begin selling Hino 500 series trucks, the Japanese manufacturer's mainstay model outside Japan, in mid-2009 to be followed within several years by Hino 700 and Hino 300 trucks, the two companies said.
Buses will also be marketed though the sales schedule has yet to be determined, a Hino official said.
The capitalization of the joint venture, denominated in rupees, the local currency, is equivalent to about 490 million yen. It is owned 65 percent by Hino with the remainder held by Marubeni.
The joint firm has about 30 staff, the two partners said.

2nd September 2008, 20:43	#8 (permalink)
aerohit BHPian Join Date: Aug 2007 Location: Bangalore Posts: 374	also wanted to share....... Hino to begin selling trucks in India in 2009 Kyodo 179 words 2 September 2008 12:27 Kyodo News English (c) 2008 Kyodo News TOKYO, Sept. 2 -- Hino Motors Ltd. will launch sales of its trucks in India next year through a marketing firm established jointly with Marubeni Corp. in light of vigorous construction and resources development activities there, the two Japanese companies said Tuesday. The joint venture was set up in late August in Mumbai, the two firms said in a joint statement. The new company, Hino Motors Sales India Private Ltd., is due to begin selling Hino 500 series trucks, the Japanese manufacturer's mainstay model outside Japan, in mid-2009 to be followed within several years by Hino 700 and Hino 300 trucks, the two companies said. Buses will also be marketed though the sales schedule has yet to be determined, a Hino official said. The capitalization of the joint venture, denominated in rupees, the local currency, is equivalent to about 490 million yen. It is owned 65 percent by Hino with the remainder held by Marubeni. The joint firm has about 30 staff, the two partners said. Last edited by aerohit : 2nd September 2008 at 20:48.