Tag: Ashok Leyland

BFW Inaugurates Fully Digitalized, Global Scale Manufacturing Plant

Bengaluru, 22 April 2024: Bharat Fritz Werner Ltd (BFW) a leading Indian advanced manufacturing technology solutions company, today announced the inauguration of its state-of-the-art manufacturing facility at Devaganapalli, in Hosur, Tamil Nadu. This new facility set up with an investment of Rs. 200 crore, brings numerous innovative practices and several unique and industry-first features, including:

BFW Plant Inauguration

– Two world-class assembly halls spanning 20,000 square meters each, with a combined capacity to produce over 10000 CNC machines annually, a 3X expansion. The overall footprint of 54 acres allows for setting up the Vendor Ecosystem in the future.

– Fully digitalized and interconnected manufacturing processes, incorporating conveyorised assembly of machines.
– Environmentally friendly infrastructure with various features designed to minimize carbon footprint.

– In alignment with the Government of India’s initiatives to promote skill development and empower women (“Nari Shakti”), the new facility promotes local talent with a planned gender diversity target of 30%, a pioneering move within the global Machine Tool Industry.

– A fully integrated “Spindle Technology Centre,” encompassing indigenous engineering, manufacturing, assembly, and service of high-quality machine tool spindles, including integral motor technology.

Mr Arun Kothari, Chairman, BFW said “We aimed to establish a facility of global standards for scale and efficiency. I am confident that this facility will aid us in furthering our aspiration of participating in the growth of manufacturing“ “Our teams have innovated many robust machine assembly processes for low Takt time taking inputs from the global best practices across the industry,” said Mr. Ravi Raghavan, MD, BFW

“The manufacturing sector finds itself at a pivotal juncture. Challenges, disruptions, and innovation have marked BFW’s journey over the past 63 years. To fulfil its purpose of “Enabling Progress ” of manufacturing BFW has embraced the initiative ” LEAP – Leadership thru Ethical practices, Agile Processes, and Partnerships.” Under this initiative, BFW aspires to act as a strategic partner of the Global Manufacturing Industry by Scaling up the capacity 3X, adopting best practices of the Automotive Industry to the Machine tool domain, and deploying Technology to evolve a digitally connected ecosystem. The machine tool industry in India is growing at a CAGR of 15 to 17% annually, and BFW is a leader in the industry is growing at 20%.” Mr. Raghavan added.

BFW Plant

With an excellent design engineering capability & two state-of-the-art manufacturing plants, BFW provides solutions to meet the performance, productivity, and reliability expectations of diverse industries including Aerospace, Automotive, Defence, Die Mould, Forging, Valves, Railways, etc.

With 65000+ installations, operating in 15 countries, the BFW Europe office is the most recent addition to better serve global customers with advanced manufacturing solutions. Through channel partners, a wide sales & service network is available at 48 locations in India including 5 tech centres.

The inauguration event was graced by Dr Eng Yoshiharu Inaba, Chairman, FANUC CORPORATION; Mr Vipin Sondhi, Chairperson of the National Board for Quality Promotion, Quality Council of India and Former Managing Director & Chief Executive Officer of Ashok Leyland & JCB India; Mrs Geetanjali Vikram Kirloskar, Chairperson & Managing Director, Kirloskar Systems Pvt. Ltd, Mr. Akihiro Teramachi, Representative Director, Chairman, and Chief Executive Officer for THK Group and other thought leaders from the industry and over 50 overseas Global partners of BFW and 300+ senior manufacturing professionals representing various clients and supply chain partners.

South Indian Bank signs MOU with Ashok Leyland Limited for Dealer Financing

South Indian Bank has signed an MoU (Memorandum of Understanding) with Ashok Leyland Limited for financing their dealers under the Bank’s dealer finance program. Under this partnership, the Bank will provide unmatched dealer finance options to the dealers of Ashok Leyland Limited.

With this tie-up, South Indian Bank aims to help the dealer partners of Ashok Leyland Limited, streamline vehicle inventory funding. This arrangement is mutually beneficial for the vehicle manufacturer, their dealers, and for South Indian Bank.

ashok leyland

Speaking on the alliance, Ms. Biji S S, Senior General Manager & Group Business Head, South Indian Bank said, “We are extremely happy to partner with Ashok Leyland Limited. Through our varied financial solutions, our goal is to offer convenient and complete financing choices to the dealers. We believe that this partnership will meet the business needs of both organizations and create a strong positive impact.”

Speaking on the partnership, Mr. Gopal Mahadevan, Director and Chief Financial Officer, Ashok Leyland Limited said, “We are pleased to partner with South Indian Bank. This alliance will offer appropriate inventory financing solutions to our network of dealers. We, Ashok Leyland and South Indian Bank, are committed to provide exceptional customer experiences.”

The MoU was signed in the presence of Ms. Biji S S, Senior General Manager & Group Business Head, South Indian Bank, Mr. Praveen Joy, Head-Transaction Banking Group, South Indian Bank, Mr. Bala Naga Anjaneyalu, Regional Head – Chennai, South Indian Bank, Ms. Karthika S, Zonal Sales Head – Corporate Business Group (Chennai), South Indian Bank, Mr. C. Neelakantan, Head-Treasury, Ashok Leyland, Mr. Madhusudhan D S, Head, Sales Finance, Ashok Leyland, and Mr. Saket Kumar, Head – Strategy, Ashok Leyland.

Ashok Leyland’s latest range, ‘AVTR’, delivered to customers in Ajmer

Ashok Leyland, the flagship Company of the Hinduja Group and India’s leading commercial vehicle manufacturer, have delivered more than 1350 vehicles from its latest range of Modular Trucks, AVTR, with i-Gen6 BS-VI technology, across the country. Today, we are launching AVTR in Ajmer and are delivering vehicles to customers. Mr. Anuj Kathuria, COO, Ashok Leyland and the family of Ashok Leyland’s dealers were present on the occasion to virtually hand over the trucks to the customers.

Mr. Anuj Kathuria, COO, Ashok Leyland, said, “Our AVTR range of trucks provides our customer with the latest in technology and innovation. With our economy gradually picking up and business coming to normalcy, these trucks will play a crucial role to get the goods moving. With cost management being very crucial, these new trucks will set the benchmark in terms of Total Cost of Ownership (TCO) including best in class operation and maintenance cost. With our reliable partners in Ajmerwe hope to grow our family of customers who want to grow their business.”

Ashok Leyland’s ‘AVTR’ trucks, which has seven design patents, are built on a modular platform with fuel-efficient iGen6 engines, which is a first of its kind in the Indian CV industry with multiple options of axle configurations, loading spans, cabins, suspensions, and drivetrains on a single platform for the entire range of Heavy Commercial Vehicles in the 18.5T to 55T category. This enables customers to configure vehicles that are best-suited to their applications and business needs.

The AVTR platform gives the customers a choice to customise their product as per their requirements, which in turn will deliver better operational economics and customer delight. For the Company, it would mean faster turnaround along with better market coverage owing to virtually millions of combinations, for any kind of customer. The Modular platform also provides improved safety and better comfort for drivers, higher reliability and enhanced durability, and is supported by next Gen i-alert fleet management system with remote diagnostics.

Ashok Leyland has 1000 plus touch points pan-India in order to serve the customers effectively. Customers can reach out to 18002663340 for any queries regarding Ashok Leyland products and services.

For further information/media queries, contact:
Rajesh Mani, Head – Marketing and Corporate Communications
Rajesh.Mani@ashokleyland.com | Mobile: +91 9500022922

Meenakshi Anand, Divisional Manager – Corporate Communication
Meenakshi.anand@ashokleyland.com | Mobile: +91 7823957700

Adfactors PR | AshokLeyland@adfactorspr.com | Mobile: +91 9960255829