Not taking a look at collaboration on vehicles, clarifies Hinduja, Auto Information, DFL – ALL NEWS BY DF-L.DE

Not taking a look at collaboration on vehicles, clarifies Hinduja, Auto Information, DFL – ALL NEWS BY DF-L.DE

Not taking a look at collaboration on vehicles, clarifies Hinduja, Auto Information, DFL


Lenders to the complete service provider, which briefly ended operations on April 17 because it ran out of money, is on the lookout for attainable suitors.

Chennai: Hinduja group flagship Ashok Leyland Friday clarified it was not holding any dialogue with US-based electrical automobile main Tesla for a attainable tie-up.

Dheeraj Hinduja, a 3rd technology member of the UK-based Hinduja household and Ashok Leyland chairman, was responding to a question on some media studies that the heavy business automobile main has invited Tesla for a partnership to assist the corporate set foot in India.

Whereas declaring Ashok Leyland’s monetary efficiency for FY 2018-19, Hinduja denied the studies and stated they weren’t taking a look at collaborations on vehicles.

“I’ve stated many instances. We actually will not be taking a look at any collaboration on vehicles. That’s not an space we’re targeted upon. Nor has Tesla been in contact with us. Simply clarifying on that,” he stated.

He stated the electrical automobile enterprise was a brand new sector and the expertise was evolving quick.

“We’re completely happy to have discussions with individuals who have been on this sector and have higher data on this sector,” he stated.

On studies of buying cash-strapped Jet Airways, he stated, “So far as Jet Airways is anxious, you understand, I might not like to debate about it right here. I might solely say that the group is evaluating the chance”.

“It is vitally untimely. The group is taking a look at it, evaluating it,” Hinduja stated.

Hinduja Group has companies in automotive, power, infrastructure, finance and banking, IT&ITeS, media and healthcare.

Lenders to the complete service provider, which briefly ended operations on April 17 because it ran out of money, is on the lookout for attainable suitors.

Whereas the SBI-led lenders’ consortium remains to be engaged on methods to revive the once-storied Jet Airways, the Civil Aviation Ministry has already awarded the provider’s slots at numerous airports to different airways on a brief foundation.

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