In a joint venture, Ashok Leyland opens new assembling facility in Dhaka

Ashok Leyland on Thursday announced the opening of its new assembly plant in Bangladesh capital Dhaka.

Built over a period of 15 months, the plant is spread over an area of 37 acres. The project is a collaboration between the company and IFAD Autos of Bangladesh. The latter will invest around Rs 75 crore in the facility.

Vinod K Dasari, Chief Executive Officer and Managing Director, Ashok Leyland Ltd. said, "Bangladesh is an important market for Ashok Leyland. With the inauguration of this new plant, together with the robust presence of IFAD Autos, we expect to make significant inroads into this region."

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