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HMT in talks with Mitsubushi for MUVs
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To target rural market; products to be competitively priced
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NEW DELHI:
HMT Ltd is in talks with Mitsubushi for collaborating in manufacturing multi-utility vehicles and some other vehicles, targeting the rural market.
"A team from HMT had visited Mitsubushi and now a team from Mitsubushi is expected in the next few weeks to take the discussions forward," Secretary in the Ministry of Heavy Industries and Public Enterprises, Priyadarshi Thakur, told newspersons here."The details of the collaboration were yet to be finalised... the talks were still in preliminary stages,'' he said.
Mitsubushi was shortlisted by HMT after talking to several prospective partners, he said, adding the products made in collaboration would be competitively priced.
Mr. Thakur said HMT was yet to prepare a project report on the proposed collaboration. — PTI
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