Ashok Leyland, Hinduja Group Company, has planned to speed up its journey in the light commercial vehicle (LCV) segment after separation from its partner Nissan. The leading commercial vehicle manufacturer has plans to introduce the 8 to 10 new products in the next 2 to 3 years. For this project, the company will invest around Rs 400 crore.
The CV manufacturer aims to become a great player in the light commercial vehicle segment, so that it plans to launch the updated versions of the current selling vehicles as well as the new vehicles. According to Vinod Dasari, MD of Ashok Leyland, we will add a bunch of new models in the CV range. Additionally, we are planning to introduce a lot of more models and full range LCVs in the coming 2 to 3 years, according to him.
The around 8 to 10 different products may be new models and featured the new platforms to increase the LCV range in the market. The first line up of new products expected to hit the market in the next six months, he added.
In the future, most of the LCVs will be developed with the new technology in the in-house of Ashok Leyland. The existing ones with the Nissan technology will be refreshed or upgraded with the new platforms or technology.
The total investment for the introduction of a new LCV range in the commercial vehicle sector will be around Rs. 300 to Rs. 400 crore. Ashok Leyland has already achieved as top one company in the Medium & Heavy Commercial Vehicles segment. Now, the company to put its strong steps into the LCV business without any support. Dasari said that we at the company believe in LCV business so, we want to offer the best vehicles to our customers.