Under Executive Chairman Dheeraj Hinduja, Ashok Leyland says it may pursue non-equity alliances to accelerate growth in technology creation and market reach. While already present in countries including South Sudan, Ghana, Kenya and Nigeria, the company remains committed to India as its export hub. Ashok Leyland expects single-digit growth in the current commercial-vehicle segment, is venturing into 55-tonne and 19-tonne EV segments, and foresees the listing of Hinduja Leyland Finance after completing formalities and board approvals over the next 6–8 months.
Ashok Leyland Open to Non-Equity Alliances, Eyes Africa Including South Sudan & New EV Segments
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