Hinduja Group’s flagship company, Ashok Leyland, is planning to invest around Rs 4,150 crore in Tamil Nadu. The proposed investments include a green-field facility to manufacture light commercial vehicles (LCV).

Hinduja's flagship company Ashok Leyland is planning to invest about Rs 4,150 crore in Tamil Nadu. The proposed investment include a Light Commercial Vehicle (LCV) project in association with its Japanese partner, Nissan.

Ashok Leyland Nissan, a JV between Hinduja Group's flagship company Ashok Leyland and Japanese auto major Nissan, today signed a MoU with the Tamil Nadu government to produce Light Commercial Vehicles in five different locations.

Ashok Leyland has invested around $17 million (around Rs 90 crore) in its foreign subsidiaries Avia, Optare and AL Bonair.

R Seshasayee, executive vice-chairman of Ashok Leyland, has stepped down as the non-executive director of Optare, the UK-bus manufacturer.

Commercial vehicle maker Ashok Leyland, part of the London-based Hinduja Group, is to enter Britain’s mid-range truck market through a tie-up by its Prague-based subsidiary, Avia Ashok Leyland.

Hinduja Group firm Ashok Leyland has initiated talks with foreign players for technological partnerships to foray into the aerospace business.

Hinduja group firm Ashok Leyland today said it is planning a foray into aerospace business, both defence and civilian, and is talking to foreign players for technology partnership.

Commercial vehicle (CV) manufacturer and flagship company of the Hinduja Group, Ashok Leyland, is planning to set up a new production facility near Chennai.

After deciding to end its long-term partnership with Spanish coach-builder Ferqui, Ashok Leyland-controlled Optare, the UK-based bus manufacturer has plans to withdraw from the luxury coach market.

The company sold 7,711 units in January month a year ago.

The company had posted a net profit of Rs 43.37 crore for the corresponding period last financial year.

Ashok Leyland, India’s second-biggest commercial vehicle (CV) manufacturer, is in talks to acquire some international companies, in an attempt to break into top 10 of world’s CV makers.

The UK-based bus manufacturer Optare Plc’s shareholders have given approval for Hinduja Group-owned Ashok Leyland and associates to increase their stake to 75.1 per cent in it.

May get control of British bus maker Optare as rival retires from fight.

Ashok Leyland, the flagship vehicle manufacturer from the Hinduja Group, has announced the company, with its associates, would increase stake in British bus maker Optare Plc from the current 26 per cent to 75.1 per cent, subject to approval by the

Hinduja flagship company Ashok Leyland today said it had acquired an additional 49.1% stake in British bus maker Optare Plc for over Rs 30 crore, taking its total holding to 75.1%.

With state governments offering tax sops on investments, automobile firms have enjoyed relatively low tax rates over the last few years.

Ashok Leyland advanced 2% at Rs.

Hinduja Group flagship company Ashok Leyland today reported 53.36% jump in commercial vehicle sales at 7,878 units in November.