The Times of India reports that India’s second largest truck maker Ashok Leyland has announced plans to invest Rs 550 crore (US$135 million) to expand production capacity and establish a bus manufacturing venture in Dubai.
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The firm is also planning to set up a new bus-making unit in North India. “The plan is to take our capacity to 100,000 units from the current 77,000 units. Plans are underway for setting up a manufacturing unit in Dubai, while the process for identification of a location in North India is underway,” Ashok Leyland boss R Seshasayee told the newspaper at Auto Expo.
The Dubai facility – which will produce buses and also make bus bodies – would have a capacity to produce 2,000 units a year.
“The location has not been finalised yet, but we will be in business in Dubai within the next six months,” he said. The unit will also cater to demand in other markets in the Middle East and Africa.
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