Ashok Leyland to invest Rs 400 crore in new models

Ashok Leyland exports 5% of its total volumes; these vehicles are primarily exported to Russia and Ukraine

Leading commercial vehicles maker and Hinduja Group flagship Ashok Leyland said it would invest Rs 400 crore over the next two years in developing new products, including left-hand-driving trucks.

"We are coming up with a new product every six months, so the next product would be launched in April or May next year. Ashok Leyland would invest Rs 400 crore on new models in the next two years. The new products are also targeted for export markets", Nitin Seth, president (light commercial vehicles), Ashok Leyland Ltd.

Presently, Ashok Leyland exports five per cent of its total volumes. The vehicles are