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.
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.