Hino and Marubeni jointly establish a sales company and enter the Indian market
Hino Motors, Ltd.
Hino Motors, Ltd. (Hino) and Marubeni Corporation (Marubeni) have jointly invested in a sales company “Hino Motors Sales India Private Ltd.” (Hino India Sales) which was established on August 26, 2008 in Mumbai, India.
The economy in India has been developing rapidly since the liberalization of its economy in recent years. The demand for trucks has also been swiftly increasing due to the prevailing upward trend in building, construction, and resource developments during India’s rapid modernization. Hino and Marubeni will use Hino India Sales in order to advance into the truck and bus markets in India, a part of rapidly growing BRICs.
The joint venture company will begin sales of the “Hino 500 Series” from the middle of 2009, which is Hino’s main sales model in the overseas market. The company also plan to introduce the “Hino 700 Series”, “Hino 300 Series”, and their buses within a few years time.
< The Profile of Hino India Sales >
Company name: Hino Motors Sales India Private Ltd.
Location: Mumbai, the Republic of India (India)
Establishment: August 2008
Capital: Indian rupee equivalent to 490 million yen
Ratio of capital contribution: Hino 65%, Marubeni 35%
Number of employees: Approx. 30
Business: Sales of Hino trucks, buses, and their service parts.
< For further information, please contact: >
|Hino Motors, Ltd.:||
Corporate Communications Department, Corporate Planning Division
|Marubeni Corporation:||PR Division||TEL: 03-3282-4803|