Ashok Leyland is reportedly planning to invest around Rs 400 crore to develop new light commercial vehicles (LCVs) within the next two years. The company, which had last year parted ways with Nissan after a tumultuous relationship, is now looking to make up for the lost time, eyeing export markets with new models to be developed on two new platforms. In order to accelerate product development, the company is also re-hiring a number of employees who had left the erstwhile joint ventures with Nissan.
Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.