Navistar eyes India

  • 04-Aug-2008 08:37 EDT

Navistar signed a joint-venture agreement with Mahindra & Mahindra to produce diesel engines for medium and heavy commercial trucks and buses in India. The joint venture, to be named Mahindra International Engines, will be 51% owned by Mahindra & Mahindra and 49% owned by Navistar. The combined investment of the two companies will be $90 million through 2012. This marks the second joint venture with Mahindra & Mahindra, following a 2005 joint venture that today makes light, medium, and heavy commercial vehicles for India and export markets. The new company’s advanced diesel engines will power the full line of trucks and buses produced by the new venture beginning in 2009. Engine components will be sourced locally, up to 85% within two years due to the strong availability of quality parts and materials from Indian suppliers.

Share
HTML for Linking to Page
Page URL
Grade
Rate It
0.00 Avg. Rating

Read More Articles On

2017-03-14
International Truck recently unveiled its all-new engine for the Class 8 market called the International A26, in addition to a new initiative called Project Alpha, which brought together a small team of powertrain engineers dedicated to a new perspective on engine development.
2016-11-15
The company has invested in the integration of its engines, drivetrain components and power electronics into complete electric powertrain solutions for mobile off-highway machines.
2016-11-11
Engine manufacturer Deutz AG and Liebherr Machines Bulle S.A., developer and producer of diesel and gas engines, recently agreed on the key aspects of a strategic alliance for worldwide distribution of diesel engines.
2016-12-07
The supplier announced in late November that it began pre-production testing of its R3 hydromechanical variable transmission (HVT) at several global OEMs.

Related Items

Training / Education
2018-03-27
Article
2017-02-22
Training / Education
2011-04-12
Technical Paper / Journal Article
2013-09-24