Report – Ashok Leyland puts Albonair and Avia on sale


Nithyanandh K,

As a toddler, those wheeled machinery fascinated me even before I knew what they’re called as! So here I’m, petrolhead by birth, Mechanical engineer by qualification and automotive reporter by profession!

Final suitor yet to be finalized.

Hinduja Group’s Ashok Leyland is actively looking to sell stakes in its overseas subsidiaries Albonair GmbH (also Albonair India) and Avia Ashok Leyland Motors Ltd.

The Indian CV major had already announced its intention to sell these entities in its previous annual report and is now in the process of identifying suitable buyers, reports ET. The sale of stakes in these subsidiaries is expected to improve the financial situation of the company.

Ashok Leyland BOSS LE front three quarter
The Ashok Leyland Boss intermediate commercial vehicles are rebadged Avia trucks.

Albonair is a German company which is a complete solution provider for reducing the automotive emissions and has presence in both passenger and commercial vehicle sectors globally. The company has facilities in 30 nations and employs over 45,000 persons across the globe.

Also read: Ashok Leyland’s Pantnagar plant rolls out the 1,00,000th vehicle

Avia Ashok Leyland Motors Ltd. is a Czech subsidiary which specializes in trucks. The Ashok Leyland Boss range of intermediate commercial vehicles which is being manufactured at the company’s Pantnagar facility is derived from Avia. The sale of Avia is not expected to affect the Boss-related technology rights that Ashok Leyland has access to.

Ashok Leyland Boss – Image Gallery

[Source: Economic Times]

Contribute to IAB
Submit Spyshots & get Bragging rights! Click Here
Custom Mods on your ride? Get it featured on IAB Submit

Ashok Leyland Boss News & Updates

Ashok Leyland BOSS LX clutchless system

IAB Report – Ashok Leyland rolls out 100,000th vehicle from Pantnagar

Ashok Leyland BOSS LE

IAB Report – Ashok Leyland Boss to be assembled in UAE from 2015

Wabco AMT Optidrive gearshift stalk

IAB Report – Over 2,000 buses in India to be fitted with AMT gearboxes this fiscal year

Nissan Terrano grille

Report – Nissan likely to buy 20-40% stake in Defiance Technologies

Tata Ultra 614 front at Auto Expo 2014

Report – CV industry to face another tough year in 2014-15

Ashok Leyland MiTR front three quarter right

Report – Ashok Leyland bags order to supply 670 vehicles to Zimbabwe govt