Ashok Leyland to set up a 1200 vehicle per year plant in kenya

Sammuel999 · 2016-07-17T11:22:24+00:00

Hinduja Group flagship Ashok Leyland will be setting up a bus assembly plant in Kenya with an investment of Rs 70 crore as part of its global expansion plans. The new plant in Kenya will serve at least three neighbouring countries, besides catering to local demand. Advertisement "We are setting up a bus assembly plant in Kenya through a wholly-owned subsidiary. This plant will have an annual capacity of 1,200 buses," Ashok Leyland Senior Vice-President (Global Buses), T Venkataraman told PTI. He said the setting up of the Kenya plant will begin this quarter itself. "This plant will also serve as an export hub for three neighbouring countries, besides meeting local demand in Kenya," he added. Amid tough global market conditions, the company has been working to enhance its international presence. The company already has a manufacturing facility at Ras Al Khaimah in the UAE, which was set up as a joint venture with the Ras Al Khaimah Investment Authority (RAKIA). The plant has an annual capacity of 2,000 vehicles and caters to demand of the Gulf Co-operation Council (GCC) and African markets from the plant. Ashok Leyland's overall commercial vehicles exports, however, have been in decline so far this fiscal, which stood at 2,226 units in April-June, down 34.16% from the year-ago period. Besides conventional buses, Ashok Leyland has been focusing on new technology such as hybrids through its UK arm Optare Plc, in which it holds a 75.1% stake. Optare operates a range of 'Low Carbon', low-floor, mid-sized and modern range of city buses in the UK, Europe and North America, among others. Next Article >> «Back Ad Yet to open a Sharekhan Account? Recommended for you Kashmir government makes secret contact with separatists Why Najma Heptulla, G M Siddeswara were forced to quit Modi Cabinet ICICI Pru Life to file for Rs 4,700-cr IPO next week Mines Ministry asks DAE to provide data for auction of mines

Thread starter Sammuel999
Start date Jul 17, 2016

Sammuel999

JamiiForums uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.

Accept Learn more…

Back

Top Bottom

Forums

New posts

Ashok Leyland to set up a 1200 vehicle per year plant in kenya

Sammuel999

JF-Expert Member

Our Community

Regional Communities