New Delhi: Truck makers are preparing to boost production, encouraged by the government’s proposal to raise allocation for infrastructure by more than Rs1 trillion for the year starting 1 April, two people aware of the matter said.
India’s top three truck makers—Tata Motors Ltd, Ashok Leyland Ltd and Volvo Eicher Commercial Vehicles Ltd—have asked their suppliers to ramp up capacity, anticipating an increase in demand for trucks and tippers which are used for road construction, transportation and mining.