Hinduja-owned firm Ashok Leyland is planning to improvise its light commercial vehicles (LCV) in the next two years, by 2019 and 2020. The company is planning to invest the money in the commercial vehicles segment. 

As per the reports, the company will invest Rs 400 crore in the LCV segment development. Along with this idea, the company is planning to re-hire the employees, who left the joint venture of Nissan.

Leyland President Ashok said, "For the medium term between 12 months to two years, we have allocated a fresh fund of Rs 400 crore on product development for LCVs."

Ashok further added, "We will have two new platforms on which we can develop several models -- from right-hand drive to the left-hand drives with different powertrains, as we will be targeting not only the domestic market but overseas as well."

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