Ashok Leyland-Nissan LCV JV slow on new plant.

The joint venture between Ashok Leyland and Nissan in light commercial vehicles is not in a hurry for its own greenfield production plant, a senior official of Ashok Leyland said.

Ashok Leyland executive director LCV Nitin Seth said that earlier there was delay in land acquisition, but in the high interest rate scenario and present commercial vehicle market situation, the company did not have a firm commercial production time line for the greenfield plant.

ET