Chennai, May 8 (UNI) Ashok Leyland, the Hinduja Group flagship company will launch a series of vehicles in 2008-2009.
Talking to newspersons here today, company MD, R Seshasayee said the company plans to get the phase one version of the 'iBus' on road this year, post concept validation at the Auto Expo. The company was extending its range of tractors to address the growing tractor market, he added.
In the current year, 4,921 tractors and 3,121 multi-axle vehicles were being taken up for full scale production in the all-India market, he added.
Mr Sashasayee said the company would more than double its current capacity of 64,000 vehicles per annum within three years. ''The company has earmarked Rs 3,000 crore for capex over the next three years, which would enable capacity addition of 1,00,000 vehicles per annum by 2010,'' he claimed.
He said during the year, the company had developed the country's first one-litre-per cylinder six cylinder CNG engines for buses employing Multi Point Fuel Injection (MPFI), engineered to meet Euro IV emission standards. The company was in the process of developing a whole suite of GPS-based telematics products under the brand name 'Alert', he informed.
He said international operations would also be boosted, with the chasis and bus assembly plant planned at Rakia, slated to commence operations this year. Capacity was being doubled to 2,000 vehicles per annum, in reponse to the market demand from the Gulf region, he claimed.
''The introduction of 'NewGen' cab and range of specially developed truck models would help to enter into some new markets,'' he added.
UNI SNR GKT 1759