Ashok Leyland is planning to boost its Light Commercial Vehicle (LCV) business with the launch of new products, besides gearing up to roll out vehicles under the BSVI emission norms by April 2020. The company has earmarked Rs 1,000 crore as capital expenditure for financial year 2019-20 and a similar amount for the next fiscal.
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.