Ashok Leyland has announced its plans
to set up a vehicle manufacturing unit in Uttaranchal. The project costing
Rs.1,000 crore will create assembly and cab facilities for producing 25,000
vehicles annually. Capacity will eventually be increased to 40,000 units per
year.
Around 200 acres of land has been
identified at Pant Nagar for the unit that proposes to employ 3,000 persons.
This unit will strengthen Ashok
Leyland's presence in north India which already contributes around 25 per cent
of the company's total sales. The investment will be eligible for excise duty
and income tax exemptions for 5-10 years, according to a company statement.
More more news items on Ashok Leyland,
click here.
Related Links:
Project
profile