Hinduja Group’s flagship commercial vehicle manufacturer Ashok Leyland has pledged investments of Rs 1,200 crore in Tamil Nadu over the next 3-5 years.
Ashok Leyland MD and CEO Shenu Agarwal exchanged documents formalizing the mega investment plan with state Industries Secretary V Arun Roy. It happened during the second day of Tamil Nadu’s Global Investors Meet in the presence of Chief Minister MK Stalin.
The funds will drive innovation, technology upgrades and overall business expansion initiatives for Ashok Leyland in the state.
The company stated it is committed to creating 500-1000 direct and indirect jobs locally based on work demand.
“This commitment also reflects the group’s vision for sustainable growth and competitiveness in the automotive sector,” Ashok Leyland added.
The Rs 1,200 crore investment marks a major show of confidence by the Hinduja-owned commercial vehicle giant in Tamil Nadu’s manufacturing prowess and talent availability.