Ashok Leyland Pantnagar plant to go on stream soon
Hinduja Group's flagship company Ashok Leyland's INR 1,300 crore Pantnagar in Uttarakhand plant is likely go on stream within the next few months. The plant would have an installed capacity of 50,000 units of commercial vehicles annually. Besides, the company is also planning to increase the capacity at its Alwar plant by 50% this year.
Mr Rajiv Saharia executive director marketing of Ashok Leyland told reporters that "Work on the Pantnagar plant is progressing well and we hope to inaugurate it within a few months. The plant would have an annual installed capacity of 50,000 units." He however did not specify a time frame for the inauguration of the plant.
Mr Saharia said that "The Pantnagar plant would further boost our capacity at a time when the market is showing signs of revival." He added that the company is also looking to increase the capacity of its Alwar plant by 50% to 300 ultra low entry buses a month from 200 units at present.
Mr Saharia said that "The capacity expansion at the Alwar plant would be carried out within this fiscal," Saharia said. Ashok Leyland has a contract with the Delhi Transport Corporation for the delivery of 875 ULE buses this fiscal.
The company has six plants across the country with an annual installed capacity of 100,000 units. Ashok Leyland has a contract with various state and local transport bodies under the Jawaharlal Nehru National Urban Renewal Mission to supply 5,000 buses during this fiscal.
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