Press Trust of India / Kolkata Aug 27, 2009, 19:24 IST
The Ashok Leyland (AL)-Nissan joint venture is likely to roll out light commercial vehicles (LCVs) by 2011, a company source said today.
This would be Ashok Leyland's maiden foray into the LCV sector, which is growing at a higher pace than medium and heavy commercial vehicles segment, the source told PTI.
The LCVs would be manufactured at the company's plant in Chennai, with a capacity of 1.5 tonnes.
AL is the market leader on the medium and heavy commercial vehicles front with a market share of around 20 per cent.
The eastern region contributes a significant portion of the company's total sales, the source said.
Referring to the bus business, AL is the market leader with a 57 per cent market share. With the JNNURM project, bus sales would get a big boost, the source added.
The company had also bagged more than 50 per cent of the total JNNURM orders for buses in metropolitan cities.
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