Hinduja Group flagship Ashok Leyland to set up bus assembly unit in Kenya
With an investment of 70 crore, Hinduja Group flagship Ashok Leyland is all geared up to set up a bus assembly unit in Kenya. As a part of its global expansion plan, the company will serve at least three neighbouring countries, besides catering to local demand. Ashok Leyland Senior Vice-President (Global Buses), T Venkataraman told PTI,” 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 also said that “This plant will also serve as an export hub for three neighbouring countries, besides meeting local demand in Kenya”.
The company has been working to develop its international presence and also it has a manufacturing facility at Ras Al Khaimah in the UAE, which was fixed up as a joint venture with the Ras Al Khaimah Investment Authority (RAKIA).
The annual capacity of the plant is 2,000 vehicles and it caters to demand of the Gulf Co-operation Council (GCC) and African markets. Ashok Leyland is the 2nd largest manufacturer of commercial vehicles in India, the 4th largest manufacturer of buses in the world and the 16th largest manufacturer of trucks globally. Their Joint Venture partners include Nissan Motor Company (Japan) for Light Commercial Vehicles, John Deere (USA) for Construction Equipment, Continental AG (Germany) for Automotive Infotronics and the Alteams Group for the manufacture of high-press die-casting extruded aluminum components. Since its inception, Ashok Leyland has achieved commendable success and established benchmarks of excellence in its field. It has emerged as one of the most fully-integrated manufacturing companies across the globe. The company enjoys formidable presence all over the world with a turnover in excess of US $ 2.3 billion (2012-13) and a footprint that extends across 50 countries. The company has made a major contribution to the society as over 70 million passengers use its buses to get to their destinations every day while over 700,000 trucks of the company keep the wheels of economies moving.
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