Top News

|  Volvo Auto India to hike prices by up to 2% from April  |    |  CSL to raise INR 1,400-1,500 cr through IPO  |    |  PNC Infratech wins INR 2,720-cr highway projects from NHAI  |    |  Damietta port throughput in January increases 31% to 87,800 TEU  |    |  Global container traffic up 4% in Q4 2016, Port Klang growth leads top 20  |    |  Pawan Hans to start Dilli Darshan chopper rides at INR 2,500  |    |  Port of Virginia is gearing up to handle 13,000-TEU plus ships  |    |  Govt. approves INR 2,029 cr project for JNPT channel expansion  |    |  SpiceJet to fly Kolkata-Dhaka daily  |    |  Dilip Buildcon declared successful bidder for INR 3,269 cr road projects  |    |  Ashok Leyland eyes stronger presence in logistics industry  |    |  APL to launch new CS5 to boost intra-Asia service network  |    |  Ethiopian Airlines adds Ahmedabad to its air cargo services  |    |  IWAI raises INR 340 cr through infrastructure bonds  |    |  Rail freight corridor may lead to lower bidding for road projects  |    |  Move to hike Vallarpadam handling charges opposed  |    |  AirAsia India announces two new routes  |    |  UK port volumes drop 3% in 2016 to total 473.5 mt  |    |  Air India to launch direct flight from Amritsar to Birmingham  |    |  BlackBuck raises nearly INR 476 cr from Sands Capital and existing investors  |   
You are here: Home » National News » Roadways» Ashok Leyland plans to set up a facility in Jharkhand

Ashok Leyland plans to set up a facility in Jharkhand

20 March 2017 | Chennai
 

transreproter

Ashok Leyland Limited (ALL) is planning to set up a new facility in Jharkhand.

This will be the first investment from a major automobile company in the state, which has identified the sector as one of the key drivers to make it one of the industrial hubs in the country.

The government and company did not comment about investment. Sources said the company may look at an investment of around INR 500 crore to start with.

Sanjay Kumar, principal secretary to the chief minister of Jharkhand, confirmed the development and said senior members of the Hinduja family, which run the company, met the Chief Minister and held discussions. He did not share more details.

The company has manufacturing footprints spread across the globe with eight plants, including one at Ras Al Khaimah (UAE) In India they have two facilities in Tamil Nadu — Ennore and Hosur — and one each in Bhandara (Maharashtra), Alwar (Rajasthan) and Pantnagar (Uttarakhand).

The company is also planning to set up a plant in Telangana at an investment of INR 500 crore. The plant will assemble buses and trucks.

The Hinduja Group's flagship company is planning to set up small facilities for assembling the vehicles in various parts of the country and the plants in Telegana and Jharkhand are a part of this plan.

Jharkhand, which recently entered into the race to win investors confidence to attract investments has formulated 16 new policies, including automobile and auto component policy.

Kumar added "The state has made a big leap of its own when it comes to ease of doing business. It has risen almost from 29 to third position.”

   
Transreproter Logo