Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
Latest News

Ashok Leyland aims to set up bus assembly unit in Kenya

Ashok Leyland will set up a bus assembly plant in Kenya by investing Rs 70 crore as part of its global expansion plans.

Besides catering to local demand, the new plant in Kenya will be serving at least three neighbouring countries.

T Venkataraman, Ashok Leyland Senior Vice-President (Global Buses) has said that “We are setting up a bus assembly plant in Kenya through a wholly owned subsidiary. This plant will have an annual capacity of 1,200 buses.”

He further said that setting up of the Kenya plant will begin this quarter itself.

According to him “This plant will also serve as an export hub for three neighbouring countries, besides meeting local demand in Kenya.”

Read EquityPandit’s Nifty Auto Outlook for this week 

Get Daily Prediction & Stocks Tips On Your Mobile