Hinduja Group flagship company Ashok Leyland has sold its Detroit-based testing and engineering company Defiance Testing & Engineering Services (DTE) to Exova, for valuation which remains undisclosed. The decision comes after the company earlier unveiled its plans for raising money by diluting its non-core assets.
The US-based DTE, which was acquired by Ashok Leyland in 2007, provides testing and engineering services to manufacturers and leading suppliers in the passenger car, light truck, bus and military vehicle sectors.
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.
