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Ashok Leyland to unveil higher tonnage of LCV product

30 Jan 2013 Evaluate

Commercial vehicle major Ashok Leyland is planning to add higher tonnage of its LCV product in its portfolio, followed by passenger and Compressed Natural Gas (CNG) versions. The company is also planning to ramp up its LCV production by over 30% and will invest about Rs 500 crore in next two fiscals for the same.

These launches will be before the new green field facility at Pillaipakkam goes on stream. The JV partners, Ashok Leyland and Nissan, is setting up the greenfield facility at a cost of around Rs 4,150 crore, near Chennai and it expects to go on stream in the fiscal 2016.

Earlier in 2011, Ashok Leyland entered into LCV segment by collaborating with the Japanese automajor Nissan with 51% holding in the JV. The first product was launched by Ashok Leyland in September 2011 and was branded as -- Dost.

At present, the company’s Hosur facility can produce 55,000 units of Dost, while its joint venture partner Nissan’s facility at Oragadam can produce around 44,000 units.

Ashok Leyland Share Price

168.65 -2.05 (-1.20%)
08-May-2026 16:59 View Price Chart
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