Overland Trucking, Hyderabad based company, is planning to set up an assembly plant for Sinotruck (Chinese heavy duty truck manufacturer) in Telangana. The plant will manufacture heavy duty, medium and light trucks, buses, special purpose trucks and military trucks. At present, it is negotiating with the Telangana government for about 20 acres of land. The plant is likely to be operational by end of 2016. Approximate investment to be made for the plant is around Rs. 150 crore.
Extracted from FE, Oct 15,’15