Ashok Leyland to set up plants in Dubai, N India
NEW DELHI: India’s second largest truck maker Ashok Leyland is heading for the Gulf.
The Hinduja group flagship firm on Friday announced plans to invest Rs 550 crore to expand production capacity and establish a bus manufacturing venture in Dubai.
Besides, the firm is also planning to set up a new bus-making unit in North India. “The plan is to take our capacity to 100,000 units from the current 77,000 units.
Plans are underway for setting up a manufacturing unit in Dubai, while the process for identification of a location in North India is underway,”Ashok Leyland MD R Seshasayee said at the ongoing Auto Expo.
The Dubai facility – which will produce buses and also make bus bodies – would have a capacity to produce 2,000 units a year.
SOURCE:THE TIMES OF INDIA
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