PANAJI: Ashok Leyland plans to significantly expand its manufacturing capacity at its Ras Al Khaimah plant and aims to pump in fresh investment of $100 million for further capacity expansion at the facility in order to triple the capacity to 6000 units per year, the company said.
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“This plant is key for the supply of buses to address the needs of GCC countries, and with Ashok Leyland’s ambitious plans for Africa, we foresee further expansion of the facility,” managing director Ashok Leyland Vinod Dasari said.
Unveiling the details of the expansion, Dasari said Ashok Leyland Limited is making a fresh investment of $10 million in the plant to expand production of current models and introduce new models into the regional market, which will include midi buses and trucks.
Currently, the company has an output of 12 buses a day and the new investments will enhance this to 20 buses, apart from the production of trucks from the factory. Inaugurated in December 2010, the plant continues to grow and will more than triple capacity to 6,000 units a year, Dasari said.
Ashok Leyland’s state-of-the-art vehicle factory in Ras Al Khaimah is a joint venture between Ashok Leyland and the Ras Al Khaimah Investment Authority (RAKIA) and is the only certified local bus factory in the UAE and GCC region.