Business Daily from THE HINDU group of publications
Saturday, Dec 09, 2006
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Home Page - Two/Three Wheelers
Corporate - Alliances & Joint Ventures
Get Latest BSE Quote
Lifan, M&M in talks for 2-wheeler venture

Neha Kaushik


Bike pacts
Lifan gets nod from ARAI (Pune) for its two-wheeler engines.
Guangzhou Motor Company signs technology partnership pact with the Kolkata-based Xenitis Group to launch its bikes next year.
Zongshen Motorcycle Company ties up with Salim Group of West Bengal for its 2-wheeler, Arjun.

New Delhi , Dec. 8

Chinese two-wheeler major Chongqing Lifan is learnt to be in advanced level talks with Mahindra & Mahindra to set up a two-wheeler manufacturing joint venture in the country.

According to sources, the two companies have held a series of meetings to finalise the modalities of the tie-up.

Sources added that M&M might in the first stage only provide infrastructural support, without extending its own brand to the two-wheelers. The bikes are likely to be manufactured at M&M's existing three-wheeler facility in Haridwar.

When contacted for its response on the issue, an M&M spokesperson said that the company would not like to comment on the issue.

Lifan has been evaluating an entry into India for two years now and has already received permission from the Foreign Investment Promotion Board to set up engine and motorcycle manufacturing facilities.in the country.

The company currently sells its two-wheelers in 105 countries. Sources added that Lifan has already procured a nod from ARAI (Pune) for its two-wheeler engines.

Another Chinese motorcycle manufacturer, Zongshen Motorcycle Company, has tied up with the Salim Group for its two-wheeler project in West Bengal.

More Stories on : Two/Three Wheelers | Alliances & Joint Ventures | Mahindra & Mahindra Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Hiring

Stories in this Section
Rains may lash TN coast from Sunday


Fast food MNCs take Indian recipes overseas
US offshoring tax returns preparation to desi accountants
GSM base crosses 100-m mark
Lower food, energy prices peg down inflation
RBI hikes cash reserve ratio to 5.5 pc
ICICI Lombard plans biometric health cards
Changi seeks to bid for airport modernisation
For pharma, biotech firms, all roads lead to Europe
Lifan, M&M in talks for 2-wheeler venture
Oracle ups open offer price, size for i-flex Solutions
`Top three vendors at strategy crossroads'
Oracle's open offer for i-flex: Regulatory angle
Govt will stand by SBI's capital-raising efforts
Sensex sheds 173 points
Bajaj Auto: Betting on new moves
Tata Tea turns active
ICICI Bank board to take up Sangli Bank merger today
Govt promises to reallocate shares to IPO scam victims


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line