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ā¢ Ashok Leyland has raised its stake in Optare Plc UK for about Rs 662 crore, bringing its total ownership to 92.20 percent.
ā¢ The company cites capital expenditure, research and development, and operational requirements as the rationale behind the additional stake purchase.
ā¢ In November, Ashok Leyland saw a 3 percent decline in sales, with medium and heavy commercial vehicle sales slipping by 10 percent.