Saturday, May 28, 2005

Hinduja Group is looking for Expansion...

Well knowm 'Hinduja Group' looking at India more seriously. They are looking at areas like infrastructure, including roads, power, energy and water. About their expansion plans of the Rs. 4800 crore commercial vehicles major Ashok Leyland brand, the company's plan to expand further. 'Hinduja group' seeking enterance into the passenger car segment. They are open at getting into this (passenger car) segment but it will have to be under a different brand name. Passenger car segment is a competitive segment, and they won't use Ashok Leyland's name if they get into this area". Ashok Leyland wants to expand their business into neighbouring countries besides broadening its business within India. Hinduja group also think that healthcare is another area which the group is focussing on. "They are opening a 100-bed hospital in Mumbai shortly", company is much concerned aboutt acquisitions. "They recently acquired a bulk drug company in Hyderabad and are open to more such acquisitions within the country and abroad." Hinduja group is exploring investments in infrastructure, including roads and power, and is planning to enter the passenger car segment , coz' India is a big Country and they have their brand image.