Ashok Leyland has lined up 5-6 product launches this year in the light commercial vehicle (LCV) segment. The company has earmarked Rs 500 to Rs 700 crore as Capital Expenditure for this financial year.
The company is looking at expanding its LCV product portfolio to cover at least 70-80 per cent of the market share in the next few years. The LCV presents a huge potential for the company to grow its CV volumes in the future.
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.
