Ashok Leyland plans to invest Rs 70 crore to set up Africa unit

Presently 24th in global ranking, it aims to be among the top 10 in about nine years

Ashok Leyland is going to invest $10 million (about Rs 70 crore) in the west African nation of Ivory Coast to set up an assembling facility, sources said. 

The commercial vehicle (CV) major also inaugurated its office for the western African region at the Ivorian city of Abidjan. 

The company said it might set up a facility in the southern African nation of Zambia. Leyland and Industrial Development Corporation, Zambia, have agreed to jointly evaluate the CV segment there and formulate a business case. Details are being worked out, said a spokesperson, without disclosing any detail. This is part of a global