Commercial vehicle major Ashok Leyland is in the process of developing a new modular platform on which it plans to roll out its future medium and heavy products from next year, a top company official said.
This will fuel the next round of growth in domestic and overseas markets, he added.
The company, which has earmarked a capex of Rs 1,500 crore for various projects during the current fiscal, is also working on a separate platform for light commercial vehicles (LCVs).
The new platforms are expected to come on stream next year, thus helping the company consolidate its presence, especially in the international markets.
“We are working on a modular business program. So in 2020 with the introduction of BS VI vehicles we will be coming out with a new platform,” Ashok Leyland Chairman Dheeraj Hinduja told PTI in an interview here.
The new platform would help the Hinduja Group flagship firm cater to various customer demands in a cost effective manner, he added.
The new modular platfrom will give a major advantage as the company’s export sales were limited for many years as it did not have a strong portfolio of left-hand drive ve