Automobile major Ashok Leyland Ltd (ALL) is eyeing to start a new facility in Jharkhand.
This will be the commercial vehicles maker’s major investment in Jharkhand and it is learnt that Rs 500 crore may be invested in the plant.
According to a PTI report, Sanjay Kumar, principal secretary to the chief minister of Jharkhand, confirmed the development and said senior members of the Hinduja family, which run the company, met the Chief Minister and held discussions. He did not share more details.
This apart, Ashok Leyland is also planning to set up a plant in Telangana at an investment of Rs 500 crore. The facility will assemble buses and trucks.
image credit : manoramaonline.com