India’s Force Motors will set up a joint venture with the truck division of German industrial group MAN to make heavy trucks for sale in Asia.
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Production for the Indian market will begin in 2006, it said, according to Reuters.
The joint venture aims at producing 24,000 vehicles a year in the medium term, Force said in a statement cited by the news agency. No exports to Europe were planned.
“We will make a truck which is optimised for the Asian markets – produced completely from local components and at the same time will be based on proven MAN-technology,” Anton Weinmann, head of the truck division MAN Nutzfahrzeuge reported;y said in the statement.
Financial terms of the deal were not disclosed, Reuters added.
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