Ashok Leyland, the flagship of the Hinduja group and one of the largest manufacturers of commercial vehicles in the country, is planning to pare down its debt burden by optimizing resources, rationalizing working capital and through better planning and execution. The company is on track to bring it down by Rs 1,000 crore this year.
Besides, the company plans to launch up to 18 different types of trucks this year under its new brand for commercial vehicles, ‘Captain’.
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.
