Ashok Leyland to invest Rs. 400 crore & expand Dost range
Ashok Leyland has announced that it plans to invest Rs. 400 crore in developing new Light Commercial Vehicle (LCV) platforms and BS-VI compliant engines. The company is also planning to expand its Dost range of LCVs with an aim to increase its overall market share in the segment. With its current portfolio, Ashok Leyland covers just 38% of the LCV market. With the introduction of new products, this is likely to rise to 60-65% by 2020.
Nitin Sethi, President, Light Commercial Vehicle, Ashok Leyland has told the media that the company will be showcasing its new range of Dost models during a dealers global conference on April 18, 2018. Recently, the truck maker rolled out the 2,00,000th Dost LCV from its Hosur plant. The total installed capacity at the Hosur unit is 50,000 units, which could be expanded as and when required.
There has been rise in demand for LCVs since the implementation of GST. In 2017-18, the company registered a sales growth of 37% in this segment. It has been predicted that by 2020, more than 6,00,000 LCVs are expected to be sold in the Indian market.
Source: ET Auto