Online BusinessAshok Leyland's Pantnagar plant to go on floor in few months
Hinduja Group"s flagship company Ashok Leyland"s Rs 1,300-crore Pantnagar (Uttarakhand) plant is likely go on stream within the next few months.
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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 per cent this fiscal.
"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," Ashok Leyland Executive Director (Marketing) Rajiv Saharia told reporters here.
He, however, did not specify a time-frame for the inauguration of the plant.
The company currently has six plants across the country with an annual installed capacity of 1 lakh units.
Ashok Leyland has a contract with various state and local transport bodies under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) to supply 5,000 buses during this fiscal.
"The Pantanagar plant would further boost our capacity at a time when the market is showing signs of revival," Saharia said.
He added that the company is also looking to increase the capacity of its Alwar plant by 50 per cent to 300 ultra low entry (ULE) buses a month, from 200 units at present.
"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 (DTC) for the delivery of 875 ULE buses this fiscal.
The Alwar plant of Ashok Leyland also manufactures bus chassis. Around 110 units of chassis are made everyday there.