Ashok Leyland, India's leading commercial vehicle manufacturing conglomerate has announced that its Rs 1,300-crore Pantnagar (Uttarakhand) facility is likely into operation within the coming few months.

The sources informed that 50,000 units of commercial vehicles per annum will be the installed capacity of company's Pantnagar plant. Besides, the company is also searching options to enhance its Alwar plant capacity by 50% this year.

The company did not specify a time-frame for the startup of the plant.

At present, Ashok Leyland is having six plants across India, which are having installed capacity of one lakh units per year.

As per reports of media, recently, Ashok Leyland has inked an agreement with various state and local transport bodies under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) in order to deliver 5,000 buses during this fiscal.