Ashok Leyland’s new plant inaugurated in Uttarakhand
Uttarakhand chief minister Dr. Ramesh Pokhriyal inaugurated Hinduja’s flagship company, Ashok Leyland’s technologically world-class automobile manufacturing facility at Pantnagar. The new facility will increase Ashok Leyland’s current installed capacity of 100,000 vehicles by another 75,000. With the concessions available in Uttarakhand for new industries, the company will have a cost advantage of about Rs 40,000 – Rs 50,000 per vehicle, said a company release.
The new facility, which spreads across 190 acre, would initially roll out its latest U-Truck, and produce various medium and heavy duty vehicles in the later stages.
In his inaugural address, Dr. Pokhriyal also announced the launch of a unique career-education scheme that would spread the benefits of industrialization to reach the youth of the region.
Srichand P Hinduja, chairman, Hinduja Group, asserted that the group was long-term strategic investor and remained committed to India. “We will continue to support Ashok Leyland in its investment and growth plan,” he said. “Despite the downturn, the quick economic recovery augurs well for the auto industry. We have always looked ahead, and are committed to continued expansion in the future. This plant is an example of this commitment. We are delighted to see this cradle of ancient of civilization becoming the home of the latest and the most modern plant of our flagship company, Ashok Leyland.”
Speaking at the occasion, Ashok Leyland managing director R Seshasayee said, “With the opening of this new plant, Ashok Leyland’s centre of gravity will shift from South to North India. We will further consolidate our North India base when we will transform Alwar bus body making unit into an integrated bus manufacturing plant in the next 3-4 years.”
Union minister of heavy industries and public enetrprises Vilasrao Deshmukh was also present on the occasion.