Projects Today reported that Swaraj Mazda plans to invest INR 300 crore in medium and heavy commercial vehicle segment and set up a new facility near its LCV plant in Nawanshahar district of Punjab.

As per report, the plant will have a capacity for building 7,000 bus bodies and produce 12,000 medium and heavy commercial vehicles. The company's intra city buses, multi axle trucks, refrigeration trucks and tractor trailers in the M&HCV segment is expected to hit the roads by 2012.

(Sourced from Projects Today)