Commercial vehicle major Ashok Leyland Ltd (ALL) is planning to set up a new facility in Jharkhand. This will be the first investment from a major automobile company in the state, which has identified the sector as one of the key drivers to make it one of the industrial hubs in the country.
The government and company did not comment about investment. Sources said the company may look at an investment of around Rs 500 crore to start with.
Sanjay Kumar, principal secretary to the chief minister of Jharkhand, confirmed the development and said senior members of the Hinduja family, which