Hinduja cluster flagship firm Ashok Leyland on 30th MARCH 2015 declared merchandising its entire holding in Czech arm Avia Ashok Leyland Motors to associate covert 'strategic investor' for a money realisation of USD 10.96 million.The company aforesaid it's divested its entire stake of 100% possession interest command in .Avia Ashok Leyland Motors s.r.o. to a strategic capitalist as a part of restructuring of investment in subsidiaries.
In 2006, Ashok Leyland had non inheritable Avia Truck Business Unit, a number one vehicle manufacturer in Europe, at associate calculable price of around USD 35 million and helped it expand in international markets, and conjointly improve product portfolio. It absolutely was later rechristened as AVIA Ashok Leyland Motors and created a category of trucks with gross vehicle weights of 6.5 to 12 tonnes.But Product position was the difficulty for Avia in Europe and South East Asia.It did had a chic portfolio however still wasn’t able to discovered. In India a retardation in Indian business vehicles market within the past number of years, Ashok Leyland had declared VRS in 2013 to chop prices.
Source: Autobei
In 2006, Ashok Leyland had non inheritable Avia Truck Business Unit, a number one vehicle manufacturer in Europe, at associate calculable price of around USD 35 million and helped it expand in international markets, and conjointly improve product portfolio. It absolutely was later rechristened as AVIA Ashok Leyland Motors and created a category of trucks with gross vehicle weights of 6.5 to 12 tonnes.But Product position was the difficulty for Avia in Europe and South East Asia.It did had a chic portfolio however still wasn’t able to discovered. In India a retardation in Indian business vehicles market within the past number of years, Ashok Leyland had declared VRS in 2013 to chop prices.Source: Autobei
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