9DECEMBER 2025ASHOK LEYLAND ROLLS OUT NEXT-GEN P15 AND H4 ENGINES AT EXCONJSW PAINTS COMPLETES AKZO NOBEL INDIA DEAL, LIFTS STAKE TO 61.2 PERCENTAshok Leyland has introduced its next-generation compact engine series at EXCON 2025, marking a fresh step in high-performance powertrains for the construction and industrial sectors.The launch puts the spotlight on the company's new P15 and H4 Unipack engines, designed to deliver more power, higher fuel efficiency, and long-term dependability--key needs for today's off-highway and industrial equipment.JSW Paints has officially completed its takeover of Akzo Nobel India, lifting its total stake to 61.2 percent after closing the open offer.The company acquired 60.76 percent from Akzo Nobel N.V. and its affiliates, followed by another 0.44 percent purchased from public shareholders, sealing one of the industry's most significant transactions of the year.The new lineup includes the P15 available in 49 HP and 55 HP options, and the H4 Unipack, offered in 55 HP and 74 HP variants. Both are built at Ashok Leyland's manufacturing facilities and meet global quality benchmarks.The engines are fully compliant with the latest CEV Stage V emission standards, giving OEMs solutions that match current environmental requirements while supporting stronger performance in demanding work environments.Amandeep Singh, President for Light Commercial Vehicles, International Operations, Defence and Power Solutions at Ashok Leyland, said, "Our customers need solutions that keep their operations running smoothly and cost-effectively." He added, "The new P15 and H4 Unipack engines deliver higher power, better fuel efficiency and proven reliability. This launch strengthens our commitment to innovation and supports India's Make in India vision."The announcement comes during the 12th edition of EXCON, held from December 9 to 13 at the Bengaluru International Exhibition Centre. With this launch, Ashok Leyland strengthens its position in the evolving equipment ecosystem, giving manufacturers and operators engines built for tougher cycles, tighter emission norms, and rising efficiency expectations. The company said the acquisition strengthens its position in a sector expected to see strong growth. "This transaction positions JSW Paints as one of the major players in the sector which is expected to see robust growth in the years ahead," the company noted in its release.Sajjan Jindal, chairman, JSW Group, said in the release: "I am happy to welcome the AkzoNobel India team to the JSW family...With Dulux, we are proud to bring global quality to homes and industries across India. Together, there is an incredible opportunity here to build a stronger, brighter and more colorful future for our customers and for India." Parth Jindal, managing director of JSW Paints, said: "We are delighted to welcome Akzo Nobel India into the JSW family. This is a historic occasion, as it marks one of the largest acquisitions in India's paints and coatings market...With the Magic of Dulux and Thoughtfulness of JSW Paints, we look forward to delighting customers and building lasting value for our stakeholders."The deal follows JSW Paints' June agreement to acquire up to 74.76 percent of Akzo Nobel India for as much as Rs 8,986 crore, subject to adjustments. AkzoNobel CEO Greg Poux-Guillaume said the move sharpens the company's strategic focus while placing its India business in the hands of a strong partner.
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