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Fri 17 Nov 2017 09:56 AM

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Indian firm to set up bus parts factory in Ras Al Khaimah

Auto Bus Laser says factory will build parts for Ashok Leyland; to start ops in early 2018

Indian firm to set up bus parts factory in Ras Al Khaimah

Auto Bus Laser, a newly established commercial vehicle parts manufacturer, is to set up a factory in Ras Al Khaimah Economic Zone (RAKEZ).

The company has been set up to exclusively support Ashok Leyland’s operations by supplying bus bodies, engines, exhausts, clutches, breaks, radiators, and other vehicle parts.

The production plant will be developed in three phases and is expected to commence operations in January 2018.

With around AED40 million worth of investment, Auto Bus Laser has acquired 20,100 square metres of land at RAKEZ’s Al Ghail Industrial Zone where the company will construct a facility that will house the next generation of laser machines.

Raman Macker, Auto Bus Laser’s CEO, said: “We are very happy to embark on this new venture with Ashok Leyland as together, we will be producing commercial buses that are truly robust and reliable.”

Ramy Jallad, Group CEO of RAKEZ, RAK Free Trade Zone and RAK Investment Authority, added: “We are excited that Ashok Leyland has introduced RAKEZ to Auto Bus Laser as an ideal manufacturing hub. Having these two commercial buses and parts manufacturers in our Al Ghail Industrial Zone can further attract other related businesses, forming a mini cluster of collaborating vehicle makers.”

Jallad said that over 600 industrialists are currently operating at RAKEZ.

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