1. ALL to spend Rs 500 crore on capex, developing new products

ALL to spend Rs 500 crore on capex, developing new products

Commercial vehicles major Ashok Leyland (ALL) is planning to pump in Rs 500-600 crore this fiscal for opening new assembly plants in India and overseas and develop new products.

By: | Chennai | Updated: April 22, 2017 5:41 AM
The two units will be smaller in size with an initial capacity of rolling out 200 units a month, scalable to 400 units. (Reuters)

Commercial vehicles major Ashok Leyland (ALL) is planning to pump in Rs 500-600 crore this fiscal for opening new assembly plants in India and overseas and develop new products, besides enhancing existing capacities. During the current financial year, the capital investment will go in for scaling up capacities at its Ras al-Khaimah apart from setting up new assembly units in Ivory Coast and Kenya for trucks and small plants for buses in Andhra Pradesh and Telangana.

Speaking on the sidelines of company’s Global Conference 2017, here on Friday, Vinod K Dasari, MD, ALL said the Kenyan plant will be used to cater to neighbouring countries in East Africa, the Ivory Coast unit will serve the West African geographies. The two units will be smaller in size with an initial capacity of rolling out 200 units a month, scalable to 400 units.

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