Ashok Leyland and automotive supplier Siemens VDO
Automotive AG, Germany, have signed an agreement to set
up a joint venture to design, develop and adapt ''infotronics''
products and services for the transportation sector.
VDO Automotive is the automotive supply business of Siemens
The equity of the JV company would be held at a ratio
of 50:50 between Ashok Leyland and Siemens VDO.
refers to the use of electronics in automobiles to increase
passsenger safety and fuel efficiency. The JV would develop
electronic components and software such as instrument
cluster applications, cockpit electronics and various
control units for both commercial vehicles and passenger
the JV company was expected to cater to the requirements
of Ashok Leyland vehicles, it would actively pursue opportunities
with other vehicle manufacturers in India and abroad.
It would accelerate development of next generation telematics
solutions for introduction in the market.
new company, which is expected to register a turnover
of Euro 100 million in the next five to six years, would
commence its operation in full swing in the beginning
of 2008 employing a workforce of 100 to begin with.