Skip to main content

MoneyWorks4Me

Ashok Leyland makes investment in TVS Trucks and Buses

23 Feb 2024 Evaluate

Ashok Leyland has invested a sum of Rs 24.95 crore in TVS Trucks and Buses (TVS Trucks) by way of Equity shares. Consequent to the allotment by the Board of Directors of TVS Trucks, the Company’s shareholding in TVS Trucks is 49.9%, by virtue of which, TVS Trucks has become an associate company. The objective of investment is to strengthen the Company’s automotive business.

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 433.30
Ashok Leyland 169.15
Force Motors 19584.35
Olectra Greentech 1025.40
SML Mahindra 5187.60
View more..