Auto ancillaries to invest more than Rs 10,000 cr in Rajasthan

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Mumbai, Sep 28 (UNI) Commercial heavy vehicle major, Ashok Leyland, Japanese car manufacturer, Honda Siel Cars India (HSCI) along with other Japanese auto ancillaries will pump in more than Rs 10,000 crore in the next two-three years in Rajasthan.

Talking to reporters on the sidelines of the state's road-show 'Resurgent Rajasthan' organised here today, Rajasthan State Industrial Development and Investment Corporation (RIICO) Managing Director Kuldeep Ranka said, ''More than hundred Japanese companies have visited the state during the last few months and till now at least eight have shown interest in making investments in the state automobile ancillary sector.'' He said that Ashok Leyland has planned a bus body building unit at Alwar with a proposed investment of Rs 50 to 100 crore to roll out 1,000-1,200 units within two years.

According to sources, Ashok Leyland already has land at Alwar and will start the assembly for bus body building parts at this plant.

Honda Siel Cars India (HSCI) will make an investment of around Rs 5,000 crore in the state for its upcoming new plant. The Japanese Company has been allotted 600 acres for it second plant establishment facility, that will be operational by the first quarter of 2009 to produce 2 to 2.5 lakh units annually, Mr Ranka said.

UNI

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