Automobile Industries sector projects by Ashok Leyland in
Project Information
7020
Ashok Leyland
Ashok Leyland is setting up truck and bus assembling units in Africa.
The commercial vehicle manufacturer is in the process of setting up 2-3 units, one of them in Kenya. This is a part of its plan to strengthen its export markets.
Gopal Mahadevan, CFO of Ashok Leyland, said it will spend about Rs30 crore on each of the assembling units.
The truck and bus manufacturer is also looking at South-East Asia and South America for exports.
The objective is to triple exports over the next 3-5 years from the present 10 per cent, he said.
Ashok Leyland’s third quarter net profit was Rs.198 crore, about six times that of the comparable quarter in the previous year. This was possible due to a combination of efficiency increases, focus on customer satisfaction, and a mix of products – particularly in the medium and heavy commercial vehicle segments, he said.
Project Value
INR 90 Crore /-
Planning
Tamil Nadu
India
Automobile Industries
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