Volvo in talks for stake in Ashok Leyland - paper

Newswire

MUMBAI, Aug 29 (Reuters) - The world's second-biggest truck maker, Volvo AB , is negotiating with the controlling family of Ashok Leyland Ltd. for a stake in the Indian truck maker, the Times of India newspaper said on Tuesday. Quoting unnamed sources it said the board of Volvo's India unit would meet on Tuesday to consider a proposal to buy a stake in Land Rover Leyland International Holdings (LRLIH), the UK based firm that holds stake in Ashok Leyland for the Hinduja family. Officials ...

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