Over 10000 units impacted by BS-III ban: Ashok Leyland
22 April 2017, 01:07 | Jan Cross
"So we will be upgrading the engines of those vehicles using our indigenously developed iEGR", Ashok Leyland Managing Director Vinod Dasari said.
The company will be investing around Rs.600 crore towards capital expenditure in setting up plants in Andhra Pradesh and Telangana in India and Ivory Coast in West Africa.
Speaking about the company's global focus, Dasari said the plan is to sell one vehicle overseas for every two vehicles sold in India and towards that new assembly plants were being set up in Ivory Coast and Kenya and expanding the facility at Ras Al Khaimah, in Dubai.
Pioneering the indigenous development and application of the iEGR technology, Ashok Leyland will be the only domestic OEM to implement this technology successfully for its products above 130HP.
"We will be coming out with a new product by September to complete our product portfolio for domestic and worldwide markets".
He further said the second requirement of capex will be for developing future technologies like modular vehicles and BS-VI emission norm.
With iEGR technology as the highlight, the Company displayed a mix of over thirty innovative products and services, featuring trucks, buses, light commercial vehicles (LCVs), simulators, quick service bikes and gensets. The plants would be set up either as joint ventures or wholly-owned subsidiaries.
Mr. Dasari said one new product will be rolled out every quarter.
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The company had won tenders for mine-protected vehicles and bulletproof vehicles from defence forces, he said adding that the revenue from defence sector was nearly ₹500 crore past year.
He said Ashok Leyland was left with 10,664 BS III vehicles and the company has started replacing the old engine in those vehicles with the iEGR technology-based engines.
"There is no major financial impact". It was not fun, but pain.
"We have recently won the tenders for the supply of mine-protected vehicles and bullet-proof vehicles". It will take at least two to three months to convert it into BS-IV vehicles.
"We expect the industry to grow around 10-15 per cent this fiscal", he said.
The BS-IV compliant engines with iEGR will have 10 percent higher fuel economy and can be used for engines of up to 400 horsepower.
Chennai: Commercial vehicle manufacturer Ashok Leyland showcased its full range of future ready products, based on Intelligent Exhaust Gas Recirculation (iEGR) technology, at its annual Global Conference 2017 in Chennai the company said in a media statement.
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