Click it and Unblock the Notifications
Ashok Leyland To Invest Rs.2,000 Crore - Two Years
Managing Director, R. Seshasayee, said that the company has invested Rs. 810 crore in the year 2009-2010 period for its facilities and another Rs. 142 crore in the joint ventures. Now, in the Rs. 2000 crore investment, Ashok Leyland will invest Rs. 1200 crore in the company"s own facilities and the remaining for the JVs.
2010 has given an assurance with the anticipated growth of 15 percent. The company, as per the plans, will launch 25 truck models in the next 18 months. It will be a great challenge for the company to face the supply chain constraints, fuel and raw material price hikes. Among these, importing required number of tyres and getting the fuel injection pumps from its sole supplier Bosch, are the major issues for Ashok Leyland.
Booming economy and developing infrastructure demands a large number of commercial vehicles and Ashok Leyland has a promising future. But, there are also foreign players like Mercedes, Volvo and Eicher eyeing on the Indian commercial vehicle segment.
Continue with Google