Wednesday, June 18, 2008

Ashok Leyland buys stake in group co in Germany - June 18, 2008

Ashok Leyland on June 17 has made a strategic investment in Albonair GmbH, Germany. Both Ashok Leyland and Albonair belong to the Hinduja group. The infusion is for development of vehicle emission treatment and control systems and products. Albonair builds, produces and distributes exhaust after treatment systems for commercial vehicles. The components and systems are developed according to individual local necessities for all relevant markets. The development with the local manufacturers of commercial vehicles includes the integration of the systems into the total vehicle concept.

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