Ashok Leyland Invests In TVS Trucks: TVS Trucks is a joint venture with TVS Mobility Private Limited, where it holds a majority stake of 50.1%, while Ashok Leyland now commands a 49.9% shareholding. This collaboration positions both the companies strategically in the competitive automotive sector.
Under the agreement, car sales major TVS Mobility will spin off its car sales business, with Mitsubishi taking a stake of over 30 percent in the new entity.
Leveraging TVS Mobility s existing network of around 150 outlets, the venture is poised to become one of the largest independent car dealerships in India.