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Ashok Leyland to invest INR 200 crore in product development

Commercial vehicle maker Ashok Leyland is gearing up to launch its construction vehicles in July or August this year, and plans to enter the light commercial vehicle segment jointly with Nissan in the next quarter. It plans to invest INR 200 crore in product development this financial year.

Speaking at the launch of HGTA Transport Training & Development Institute, Ashok Leyland managing director Mr Vinod K Dasari said the company had no plans to change its brand name.

The TTDI, set up by the Hyderabad Goods Transport Association at Autonagar here, would train transport sector personnel including drivers, cleaners, hamalis, clerks and other office staff.

Mr Pawan Kumar Gupta president of HGTA said that “They will be trained to meet the requirements of highly automated vehicles and hi-tech expressways and highways.”

(Sourced from BS)