Ashok Leyland Ltd will invest Rs 500 crore during this financial year in its bus division.
T Venkataraman, senior vice president – Global Buses, Ashok Leyland, “The capital expenditure will be used for setting up three new bus body building plants, expanding production capacity of Dubai plant and rolling out new products.”
As per the plan, Ashok Leyland is setting up new bus plants in Andhra Pradesh, Telangana and Kenya. Besides, it will doubling the production capacity of the Ras Al Khaimah Dubai plant.
“We will be investing about ₹120 crore each in Andhra Pradesh and Telangana unit. The exact locations are yet to be finalised. We are seeking 50-80 acres. As soon as the finalisation of land, we will have the plant ready in eight months. These plants will have capacity to build 2,000 buses per annum,” he said.
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