Ashok Leyland set to invest Rs.400 crore in LCV segment
Rohan Takalkar / 29 Mar 2017
Automobile sector is set to embrace the shifts from implementation of BS-IV norms as companies are set to expand in different segments. Ashok Leyland, one of the leading commercial vehicle manufacturers is set to Invest Rs. 400 crore in its LCV segment.
Automobile sector is set to embrace the shifts from implementation of BS-IV norms as companies are set to expand in different segments. Ashok Leyland, one of the leading commercial vehicle manufacturers is set to invest Rs. 400 crore in its LCV segment.
Company will invest to develop new LCV within two years and it plans to triple its segment sales by 2019-20. With this expansion in line company expects to introduce new models with right hand drive and left hand drive as it plans to explore overseas markets too.
However, the CV industry has not seen much pre-buying on account of change in emission norms mainly due to low cargo availability and uncertainty over GST. Ashok Leyland has posted stable sales growth in February by 5% to 14067 units in which LCV contributed 2738 units and M&HCV segment contributed 11329 units.
Ashok Leyland is trading up by 0.87 per cent after opening at R.86.9 mark.
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