The Hinduja Group will invest INR 1200 crore over the next 3 – 5 years for strategic initiatives to drive innovation, technological advancements and overall business expansion.
Shenu Agarwal, MD and CEO of Ashok Leyland, the flagship of the Hinduja Group, exchanged a memorandum of understanding (MOU) to this effect on Monday with the Government of Tamil Nadu, at the Tamil Nadu Global Investors Meet in Chennai, the company said in a media release.
This commitment also reflects the group’s vision for sustainable growth and competitiveness in the automotive sector. The group is committed to creating employment opportunities for 500- 1000 people both direct and indirect, based on the work demand, the release added.
