In a bid to strengthen its exports market, Ashok Leyland is in process of setting up truck and bus assembling units in Africa. The commercial vehicle manufacturer will set up 2-3 units, one of them in Kenya. In this regard, the company will spend about Rs 30 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.
Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.
