Ashok Leyland is planning to invest
Rs.5,250 crore to enhance its commercial vehicle production capacity by 1.40
lakh units within a period of next four to five years.
The company is scouting for a second
location for setting up a manufacturing unit which will have an initial capacity
of 60,000 units and will increase to 1 lakh units in the near future with an
investment of Rs.4,000 crore. Ashok Leyland has already selected Uttaranchal to
develop a facility with capacity of 40,000 units, entailing an investment of
Rs.1,250 crore.
The company is also scouting for two
location to diversify its bus body fabrication facility to North India, besides
the existing two facilities at Trichi and Madurai. These facilities will be
expanded with equal participation by its Spanish joint venture bus maker, Irizar.
Besides this, Ashok Leyland has
already announced a bus assembly unit in Ras-al-Khaimah in United Arab Emirates
that will be functional by early-2007 with initially sales of 1,000 units in the
West Asia and North African markets.
Also See:
Ashok
Leyland plans new unit in Uttaranchal (31-Oct-06)