Ashok Leyland bets big on Jharkhand

Ashok Leyland has announced that it plans to consolidate its presence in the state of Jharkhand on the back of substantial growth over the past one year. The commercial vehicle major, claim industry sources, has witnessed a 50 per cent jump in sales in the last one year. From around seven per cent to 16 per cent initially. Anuj Kathuria, President, Global Trucks, Ashok Leyland, is known to have said that the growth has provided a big boost to expansion plans in the state. Kathuria is also known to have pointed at a significant rise in demand for tippers. The company is said to be looking at doubling production in the next two years in anticipation of growth brought about by government’s focus on big ticket infrastructure projects. Tippers especially. With 32 per cent market share, the company has recorded a two per cent increase in the sales volumes of M&HCVs, and four per cent in Light Commercial Vehicles (LCVs) for FY2016-17.