Ashok Leyland Commercial Vehicles

Ashok Leyland to launch new LCVs, invest INR 400 crore

Set to be a major player in the LCV segment Ashok Leyland has announced investments to the tune of INR 400 crores.

Updated versions of existing products, along with new offerings in the Light Commercial Vehicle segment is being planned by Ashok Leyland. The company plans 8-10 new products over the next couple of years for which investments of INR 400 crores has already been announced.

Set to be a full range player in this segment, the company has stated that new offerings, new platforms and refreshed models are a part of the plan, most of which will be developed in-house.

Ashok Leyland Dost 2016 Auto Expo

With a strong presence in the M&HCV segment, the company now wishes to expand its LCV segment which currently includes the Dost and Partner. As on date, these are based on Nissan design, engineering and technology while the new products will be solely to Ashok Leyland’s credit.

Last month, Ashok Leyland and Nissan Motors parted ways bringing to an end an 8 year partnership. The Japanese automaker sold its stake in three joint ventures to Ashok Leyland and as part of the license agreement, Ashok Leyland will continue to produce Dost and Partner.

The company would not be expanding their current facilities but would instead fully utilize its existing capacities to take on increased development and new products as it aims to be a full range player in the LCV space.

About the author

Pearl Daniels

Pearl Daniels

Former freelance writer, Pearl Daniels is in the auto industry since 2011, having established herself as a widely read staff writer since 2013. Her keen eye for industry news, daily need to break down latest events, and quest to not miss a single launch detail, gives you the most refreshing morning news on weekdays.

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