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Mumbai:
Ashok Leyland Ltd, India''s second largest truck maker, is planning a joint venture
with a Black Economic Empowerment (BEE) partner to introduce products like 4x4s
and luxury buses in South Africa. Under
the arrangement, the South African partner would own 49 per cent stake in the
new company, which would run assembly line plants in Durban and Centurion, near
here, ''Pretoria News'' a local daily reported. Ashok
Leyland, the flagship company of Hinduja Group, started trading in South Africa
six years ago, but the operations are yet to be profitable. It has a warehouse
in Johannesburg, it said. The
South African government launched the BEE programme to redress inequalities of
apartheid by giving underprivileged groups economic opportunities.
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