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Ashok Leyland’s UK arm to focus more on export markets

20 Dec 2013 Evaluate

Ashok Leyland’s UK subsidiary -- Optare -- is planning to focus more on the export markets, taking advantage of its parent Ashok Leyland's global network. In this regard, the company has appointed new export distributor in Australia via Ashok Leyland’s international network to take advantage of the increased market demand.

Recently, Optare won orders in Australia for the whole single deck product range. Further sizeable orders are expected in 2014 through its dealers in Australia, said the company.

Ashok Leyland holds 75% stake in the bus and coach manufacturer and as on September 30, 2013, the order book of Optare stood at 22.5 million pound.

Peers
Company Name CMP
Tata Motors 426.75
Ashok Leyland 153.00
Force Motors 16600.00
Olectra Greentech 1078.55
SML Mahindra 6359.45
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