Glanza
6.53 Lakh*
Ishita Sharma 2025-12-24
Ashok Leyland has made a strategic investment of Rs.24.95 crore in TVS Trucks and Buses Private Limited, acquiring a 49.9% equity stake in the company. With this investment, TVS Trucks becomes an associate company of Ashok Leyland, strengthening collaboration between the two firms.
TVS Trucks, which operates in the automotive dealership segment, was incorporated on June 13, 2023. It is a joint venture with TVS Mobility Private Limited, which holds the majority 50.1% stake, while Ashok Leyland now holds the remaining 49.9% equity.
The Board of Directors of TVS Trucks has officially allotted the equity shares to Ashok Leyland, formalizing the partnership. This move is expected to position both companies more strongly in the competitive automotive sector by leveraging their combined strengths.
