Ashok Leyland invests in German firm

Chennai: Ashok Leyland informed the stock exchanges that it had made a “strategic investment” in Albonair GmbH, Germany. Both Ashok Leyland and Albonair belong to the Hinduja group.

The investment is “for development of vehicle emission treatment and control systems and products,” the announcement said.

“Albonair develops, produces and distributes exhaust after treatment systems for commercial vehicles. The components and systems are developed according to individual local requirements for all relevant markets. The development with the local manufacturers of commercial vehicles comprises the integration of the systems into the total vehicle concept,” says the website of Albonair.