EMERGING MARKETS ANALYSIS: HCVs: Ashok Leyland turns the tables
The most obvious response to the news that Ashok Leyland, India's second largest CV manufacturer has bought Czech OEM Avia is a simple one: it begins. After a long period of investment heading out of the Triad regions and into those emerging markets, suddenly the roles are reversed, and an emerging market-based OE has snapped up an EU-based operation, writes Oliver Dixon.
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