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Ashok Leyland gets nod to merge light commercial vehicle arm

12 Jun 2018 Evaluate

Ashok Leyland has received an approval from its board to merge its light commercial vehicle (LCV) Subsidiary, which were acquired from its erstwhile partner Nissan, with itself. The company has announced acquisition of the joint venture companies from Nissan on November 25, 2016. Both the companies went through a short period of dispute before entering into a settlement agreement.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.

Peers
Company Name CMP
Tata Motors 428.15
Ashok Leyland 149.35
Force Motors 16950.00
Olectra Greentech 1083.65
SML Mahindra 6087.35
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