Ashok Leyland betting big bucks on the bus segment

Ashok-Leyland-LtdHuge Demand for buses business is expected because of the the central government's Jawaharlal Nehru National Urban Renewal Mission (JNNRUM) scheme. The demands of the customer would be changing and states would again be keen on providing across the country, a seamless mobility.

India's one of the largest Truck manufacturing company Ashok Leyland Ltd. is going to enter the big buses segment with a boang and with a huge scale of investment. Particularly targeting the luxury buses segment, managing director of Ashok Leyland Mr. Seshasayee commented that the segment seems to provide huge opportunities and the company seems to be very well positioned on the cash fronts to enter into this segment. This announcement was made at the inaugural function Irizar-TVS Ltd. which is a 3 way joint venture between the company from Spain, Irizar, TVS sons and Ashok Leyland. All the companies will have a equal shareholding.

They have decided to make buses by collaborating with different builders across the country and no specific integration is there. They are just focusing on getting the quality right along with ensuing that they keep the brand equity in tact.