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Man Truck and Bus Buying out its Indian Partner

The Truck and Bus company Man is buying out its Indian joint venture Partner Force Motors. MAN Truck and Bus AG of Germany makes Trucks and Buses with its Partner and this Partnership began in 2006. The value of the buyout is estimated at € 150 euros.
The joint venture between Man and Force Motors has not just been focusing on internal demand in India but the export market has been and still is very important. In a press release on its Web site, MAN Truck has said that this investment underlined the significance of the Indian market in the context of the BRIC (Brazil, Russia, India, China) strategy.
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