New Delhi: Hinduja Group flagship Ashok Leyland will create a bus assembly plant in Kenya with an investment of Rs.70 Crore as part of its global expansion plans.
The new plant in Kenya, will serve at least three neighboring countries, rather than catering the local demand.
“We are building an bus assembly plant in Kenya through a wholly-owned subsidiary. This plant will have an annual capacity of 1,200 buses,” Ashok Leyland Senior Vice President (Global Buses) T Venkataraman said the PTI.
He said that setting up of the Kenya’s plant will begin this quarter itself.
“This plant will also serve as a center for the export of three neighboring countries, in addition to Kenya to meet local demand,” he added.
Amid through the difficult conditions of the global market, the company is working to strengthen its international presence. The company already has a plant in Ras Al Khaimah in the United Arab Emirates, which was created as a joint venture with Al Khaimah Investment Authority Ras (RAKIA).
Apart from the usual bus, Ashok Leyland focuses on new technologies, such as hybrids through its UK arm Optare Plc, which owns 75.1 percent of shares.
Optare operates a number of “low carbon” low-floor, medium-sized and modern range of city buses in the UK, Europe and North America, among others.