The Hinduja Group said on Thursday that it is looking to expand the geographical reach and production capacity of flagship automobile firm Ashok Leyland in a big way to make the company one of the top 10 global commercial vehicle producers in the next five years.
The industry said if the policy was announced, it would have taken 28 million vehicles bought before March 2005 off the road.
Ashok Leyland's debt increased to Rs 5,500 crore as of June, from Rs 4,300 crore at the end of the March quarter, mainly due to higher working capital.
Leyland expects the digital drive to help tap its in-house strength as well as segments such as passenger cars and two-wheelers.
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