Ashok Leyland Q2 net more than doubles to ₹561 cr thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
The Board of Directors of Ashok Leyland in their meeting have approved an investment of Rs 1,200 crore in Switch Mobility as equity through its holding company Optare UK. The funds infused will be used for capital expenditure, R&D and meeting operational requirements both in UK and India. The investment will be infused over the next few months after necessary statutory
Ashok Leyland announces Rs 1,200 crore investment in Switch Mobility vervetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vervetimes.com Daily Mail and Mail on Sunday newspapers.
A traditionally medium and heavy commercial vehicle (M&HCV) player, Ashok Leyland entered the LCV segment with a joint venture with Nissan in 2007 and then bought off the JV in 2016. The company has a market share of 20 per cent in the LCV segment in India despite making a late entry