Ashok Leyland sets its sights higher as Nissan JV ends

After parting ways with Nissan last year, Ashok Leyland now wants to race ahead of peers like Mahindra & Mahindra and Tata Motors. 

The light and intermediate vehicles category has been a laggard among its businesses. The automaker has set a target to increase its market share to 30 per cent from 22 per cent today in the medium term.

In November, Ashok Leyland acquired the shares of its joint venture partner Nissan in three companies that were floated in 2007 to manufacture and sell light commercial vehicles (LCV) in India. While Ashok Leyland sold three brands (Dost, Mitr and