Commercial vehicle major Ashok Leyland has proposed to sell three of its subsidiaries, including two overseas arms — Albonair GmbH in Germany, Avia Ashok Leyland Motors in the Czech Republic — and Albonair (India) — in the next 12 months. The move to sell all the loss-making companies is aimed at consolidating its operations further as well as cut mounting costs, said ALL sources.

Source - http://www.financialexpress.com