Ashok Leyland Selling Subsidiaries?
According to press reports in India, Ashok Leyland (ALL) is considering selling three of its subsidiaries; Albonair GmbH in Germany, Avia Ashok Leyland Motors in the Czech Republic and Albonair (India). The sales of the subsidiaries is aimed at consolidating Ashok Leyland’s operations further as well as cutting costs, the reports said.
Albonair is involved in developing selective catalytic reduction and urea dosing systems for commercial vehicles as well as passenger vehicles. ALL shutdown Avia Ashok Leyland Motors, its Czech subsidiary based in Prague in July 2013, because of poor sales. Avia Ashok Leyland, manufactured 6.5 tonne to 12 tonne trucks, and had sold an estimated 1003 vehicles in 2012. The Czech subsidiary provides continued aftermarket support for warranty and spare parts to its customers.