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Hinduja Group flagship Ashok Leyland is poised to inject Rs 1,200 crore into Tamil Nadu, signaling a strategic move to enhance its operations over the next three to five years.
In a significant development witnessed during the second day of the Global Investors Meet in Chennai, Ashok Leyland formalized the investment commitment by exchanging documents with the Industries Department, with Chief Minister M K Stalin in attendance.
The substantial investment infusion is earmarked for catalyzing strategic initiatives aimed at fostering innovation, driving technological advancements, and facilitating comprehensive business expansion for the heavy commercial vehicle manufacturer.
As part of its commitment, Ashok Leyland is dedicated to generating employment opportunities for 500-1000 individuals, encompassing both direct and indirect roles. This commitment aligns with the Group's overarching vision for sustainable growth and enhanced competitiveness within the automotive sector.
News by Rahul Yelligetti
