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Jul 22, 2006

Business - India - Ashok Leyland Acquiring Czech Truck Maker Avia AS

Mumbai, India -(AHN)All Headline News, by Som Patidar -July 22, 2006: -- India's second largest truck and bus maker Ashok Leyland is acquiring Avia AS, the loss making Czech truck maker... Avia AS chairman, Michael Saran said that it is a very compelling fit. Ashok Leyland will gain a modern truck, design, capabilities and access to the European market and the Avia truck business unit will gain a strategic resulting in significant saving in purchasing and access to Ashok Leyland's existing markets...

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