Ashok Ley­land to in­vest Rs.400 crore for LCV devel­op­ment

Commercial Vehicle - - NEWS -

Ashok Ley­land has de­cided to in­vest Rs.400 crore to de­velop new LCVs over the next two years, claim in­dus­try sources. They point at the CV maker’s strat­egy to triple its sales in the LCV seg­ment by 2019-20 from the cur­rent 35000-36000 unit sales an­nu­ally. Sources add that the com­pany is keen to ap­ply greater thrust now that the joint ven­tures with Nis­san are be­hind it, in the do­mes­tic mar­ket as well as the ex­port mar­kets. With a medium-term al­lo­ca­tion of Rs.400 crore, the com­pany, claim sources, is look­ing at two plat­forms and sev­eral de­riv­a­tives in right-drive and left-drive con­fig­u­ra­tions. Look­ing at in­vad­ing SAARC, GCC (Gulf Co­op­er­a­tion Coun­cil), Africa and Asean ex­port mar­kets with the new LCVs, Ashok Ley­land is said to be look­ing at ex­ports as a mea­sure to de-risk from the cycli­cal na­ture of the do­mes­tic CV mar­ket. With cur­rent LCVs, Dost, Part­ner and Mitr, do­ing well, Ashok Ley­land, is also ex­pand­ing its sales net­work to 450 out­lets and 150 deal­ers pan-In­dia from the cur­rent 370 out­lets and 113 deal­ers.

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