 "Ashok Leyland")
Commercial vehicles (CV) major Ashok Leyland has lined up a capital expenditure (capex) of Rs 2,000 crore for FY20 and FY21.
Among the fresh investments it is planning are funds infusion for BS-VI and new projects related to light commercial vehicles (LCVs), among others. The company has predicted that the industry would grow by around 10-12 per cent.
Ashok Leyland Chairman Dheeraj Hinduja said despite a litany of challenges in 2018-19, the company managed to increase its market share and reported a growth.
He is optimistic about 2019-20, mainly on the backdrop of BS-VI switchover as well as a push for both infrastructure
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