Ashok Leyland back on investment track

Ashok Leyland the CV major has announced an infusion of INR3000 crore (INR 3 billion) of capex for the next three years according to PTI sources. Ashok Leyland inaugurated its Pantnagar plant that is situated in northern part of India starts operations and has capacity to produce 75000 vehicles at full utilization. Ashok Leyland that has majority exposure in CV segment that was the worst hit segment during the last 2 years had cut all its capex plans.

The investment includes the proposed JV with Nisaan for LCVs, construction equipment JV with John Deere. In a recent announcement Nissan also mentioned about its intention to join hands with Ashok Leyland for small cars.