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Examples
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Telcon, the joint venture between Tata Motors and Japan's Hitachi, dominates the excavators segment and Caterpillar is the leader in wheel loaders.
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Subsequently, in 2000 and 2005, Tata Motors inducted Hitachi into Telcon by divesting
Moneycontrol Top Headlines Moneycontrol.com editor@moneycontrol.com 2010
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Tata Motors sells 20% in Telcon for Rs 1,159 cr to Hitachi
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Tata Motors sells 20% in Telcon for Rs 1,159 cr to H.tachi photo: Creative Commons/Martin H. Senegal to unveil "African Renaissance" statue
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Tata Motors sells 20% in Telcon for Rs 1,159 cr to H.tachi photo: Creative Commons/Martin H. Senegal to unveil "African Renaissance" statue
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Consequently Telcon will be owned 60% by Hitachi and 40% by Tata Motors.
Moneycontrol Top Headlines Moneycontrol.com editor@moneycontrol.com 2010
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Tata Motors sells 20% in Telcon for Rs 1,159 cr to Hitachi
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Tata Motors, Hitachi Construction Machinery Company (Hitachi) and Telco Construction Equipment Company Limited (Telcon), a 60: 40 joint venture company between Tata Motors and Hitachi, today signed an agreement under which Tata Motors has sold a further 20% stake in Telcon in favour of Hitachi for a consideration of Rs. 1159 crores.
Moneycontrol Top Headlines Moneycontrol.com editor@moneycontrol.com 2010
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Tata Motors sells 20% in Telcon for Rs 1,159 cr to Hitachi
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Telcon, India's leading provider of mining, infrastructure, construction and agricultural equipment and services, was set up in 1999 as a wholly owned subsidiary of Tata Motors on the spin-off of the Construction Equipment Business Unit of Tata Motors.
Moneycontrol Top Headlines Moneycontrol.com editor@moneycontrol.com 2010
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