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The second largest commercial vehicle manufacturer of India, Ashok Leyland, is looking to spin off its design engineering unit Defiance Technologies into a group company.
Defiance Technologies offers virtual engineering services, starting from the basic design to the high-end predictive analysis for auto makers.
"The idea is to have related services under one company. The demerger will happen after discussions on the modalities and valuation as Ashok Leyland is a listed company," a company official told.
The company would offer its design services under "a single face and brand", which is Defiance, the official said.
Post-restructuring, Defiance Tech will be undertaking a major expansion drive, including entering technology-enabled manufacturing and enterprise solutions areas.
Defiance Technologies was formerly Ashley Design and Engineering Services, but was rebranded after Ashok Leyland acquired US-based company Defiance Testing and Engineering in 2007 for around $15 million.
At present Defiance Tech is present in India and the US.
