Ashok Leyland - double capacity

Ashok Leyland, India's second-biggest bus and truck maker, will spend 30 billion rupees in capex over the next three years to more than double capacity from 84,000 vehicles now, it said on Thursday.

The Chennai-based company, which trails leader Tata Motors Ltd, will launch its iBus this year and also extend its range of tractors, it said in a statement.