Atul Auto plans to invest around Rs. 200 crore on a foray into the light commercial vehicle (LCV) segment and the products are likely to hit the road by December next year. The auto major has already started scouting for land near Ahmedabad.
The company is looking for around 100 acres of land near Ahmedabad to set up a facility to manufacture LCVs. The investment will be generated through internal accruals and debt. Initially, the company plans to manufacture around 24,000 units of 600-1,000 tonne light commercial vehicles annually. Its four-wheeler products will hit the road by December, 2012. The company is now scouting for technology. crackcrack
