Ashok Leyland is planning to set up a new greenfield manufacturing plant in Tamil Nadu to manufacture light commercial vehicles. This segment is bucking the trend against the slow down. The new unit will entail and investment of Rs. 24,000 million. The company also plans to launch a passenger vehicle based on Dost variant.
Parallel Intelligent Transportation, a US based firm has signed a joint venture with Kerala State Industrial Development Corp to set up a electric scooter manufacturing facility in Kerala. In the first phase, the company will set up assembly centre, where it will assemble scooters from completely knocked down kits imported from USA. In the next stage, components will be manufactured. KSIDC will provide financial support and provide land for the project.
PSA Peugot Citroen is setting up a manufacturing unit in Sanand in Gujarat. The company had conducted a ground breaking ceremony in September 2011. Initially it will set up a petrol and diesel engine unit with a capacity of 100,000 units per annum. The production facility is likely to be completed by 2014. It also plans to introduce Peugot 308 -C Segment car in India.