Heavy vehicle makers to debottleneck their plants

Major truck and bus makers Tata and Ashok Leyland are planning investment for the next two years. The major portion will be spent on debottlenecking its factories.

Tata Motors, has planned to invest about ₹3,000 crore in the next two years in new product platforms and some debottlenecking.

Ashok Leyland is investing ₹1,000 crore over the next two years. The company is also establishing a bus body plant at Vijayawada in Andhra Pradesh.

VE Commercial Vehicles has planned a capex of ₹500 crore for 2018-19 and is keen on steadily growing its share in the heavy truck segment.

Mahindra & Mahindra is also planning to strengthen its presence in the CV segment and is expected to invest significantly in new product development as it is planning a new range of light and medium trucks.