| "The Malaysian market is highly lucrative and we are already supplying components to Tractor Malaysia, a leading local major," said S Nagarajan, executive director (projects), Ashok Leyland. |
| The division, known as the Auto Components Group (ACG), has recently scaled up its operations in Malaysia by supplying its components to several ancillary companies there as well. |
| "We now want to enter the Malaysian market in a big way, given the huge scope of the auto components business in that country. We are exploring joint venture possibilities there," said Nagarajan. |
| The auto components group, set up last year, is totally export-oriented and exports to markets in the West Asia, South East Asia, the US and Europe. |
| According to Nagarajan, the division is now targeting an ambitious vault in its turnover at $100 million by 2009. The division expects to clock a turnover of $20 million this fiscal. |
| This steep scaling of turnover would be achieved by manufacturing new components for the automotive and industrial sectors and tapping fresh export markets, he said. |
| The company has also set up a new global design centre at Chennai last year and is now scouting for global business. |
| The design centre, known as the Ashley Design Centre, will design auto components for global clients and function as an outsourcing centre for overseas clients. |
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