Ashok Leyland lines up Rs 2,000 cr capex for BS-VI migration, new LCV unit

The company is planning funds infusion for BS-VI and new projects related to light commercial vehicles, among others

Commercial vehicles (CV) major Ashok Leyland has lined up a capital expenditure (capex) of Rs 2,000 crore for FY20 and FY21. 

Among the fresh investments it is planning are funds infusion for BS-VI and new projects related to light commercial vehicles (LCVs), among others. The company has predicted that the industry would grow by around 10-12 per cent.

Ashok Leyland Chairman Dheeraj Hinduja said despite a litany of challenges in 2018-19, the company managed to increase its market share and reported a growth. 

He is optimistic about 2019-20, mainly on the backdrop of BS-VI switchover as well as a push for both infrastructure