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13-Dec2017

Ashok Leyland to invest Rs 400 crore to develop new products

Ashok Leyland is planning to invest Rs 400 crore over the next two years in developing new products, including left-hand-driving trucks. The company is working on left-hand-driving commercial vehicles to tap the potential export markets in Gulf countries and Africa.

The new products are also targeted for export markets. Currently, the company exports five per cent of its total volumes. The vehicles are primarily exported to Russia and Ukraine.

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.


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