Financial Times FT.com

Ashok to stay at half capacity

By Joe Leahy in Mumbai

Published: March 23 2009 01:06 | Last updated: March 23 2009 01:06

Ashok Leyland, India’s second largest truckmaker, expects to keep most of its factories operating at half capacity until at least the second half of this year in the face of a worsening downturn.

R. Seshasayee, the group’s managing director, called on the government to implement long-delayed infrastructure plans to help India’s once burgeoning heavy vehicle and construction industry weather the downturn.

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