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Ashok Leyland restructures business

Ashok Leyland, the flagship automobile firm of the Hinduja Group, Friday said Avia Ashok Leyland Motors and Ashok Leyland (UAE) have ceased to be its subsidiaries as of March 29, following a restructuring of the ownership pattern.

Avia Ashok Leyland Motors (earlier the truck business unit of Avia based in Prague,) was part of Ashok Leyland since October 2006 and offers trucks that are marketed in the Czech Republic, Hungary, UK, Ireland, Slovakia and Spain. On the other hand, Ashok Leyland (UAE) LLC was set up as a subsidiary company in Ras al Khaimah of UAE for putting up a bus body assembly plant in Ras al Khaimah to cater to the West Asian and neighbouring markets. (zeenews.com)