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Ashok Leyland To Invest Rs. 500 Crore In Bus Division

Industry Transport equipment

Ashok Leyland Ltd is planning to set up bus body building plant in Andhra Pradesh, Telangana and Kenya. Besides, it will double the production capacity of the Ras Al Khaimah plant in Dubai. Cumulative investment is around Rs.500 crore, while Rs.120 crore each will be spent on Andhra and Telangana plants. It is seeking 80 acres of land. These plants will have capacity to build 2,000 buses per annum.

Extracted from The Hindu Apr 30,’17

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