Ashok Leyland to invest 400-500 crore on Electric Vehicles

Ashok Leyland is looking at investing Rs 400-500 crore in its electric vehicle business over the next three to five years.“We are preparing ourselves for the electric vehicle movement that is going to happen over the next five to 10 years… it’s a question of survival… so (we will invest) at least Rs 400-500 crore over the next three to five years,” Managing Director Dasari said.

Talbros Automotive is expected to increase its profit at a CAGR of ~23.9% till...

TACL is the leader in the domestic gaskets market (38%) and has been in this business for 7 decades. It has set up three JVs with world leaders, all of which support the auto sector. The company is expected to increase its profit at a CAGR of ~23.9% over next two years has entered into joint ventures with 3 international corporate.