Rs 600 crore CAPEX planned by Ashok Leyland
Multinational automotive manufacturer Ashok Leyland has chalked out a capex plan of Rs 600 crore. The CAPEX can go up to Rs 750 crore for the current financial year and would go into new product development, capacity enhancement, and improved industry outlook.
Ashok Leyland would also pump in investments in its electric vehicle (EV) subsidiary, Switch Mobility for manufacturing new electric light commercial vehicles and double-decker buses.
Also Read: Ashok Leyland To Launch Its Commercial Vehicle In Middle East, African Markets