Ashok Leyland is betting big on various infrastructure projects coming up in the eastern part of the country for its medium and heavy commercial vehicles (MHCV) category. The company will be investing around Rs 500 crore to Rs 700 crore in alternate fuel technologies and debottlenecking at its plants located in various places like Chennai, Pantnagar, Hosur among others in India and several overseas.
To expand the portfolio, the company will launch a plethora of new products in the medium and heavy commercial vehicle segment this financial year, including six buses and nine trucks. The MHCV segment is categorised as gross vehicle weight (GVW) between 7.5 tonnes and 55 tonnes.
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.