UPDATE 1-India's Ashok Leyland to expand capacity


(Adds details, background) NEW DELHI, Jan 19 (Reuters) - Ashok Leyland Ltd, India's second-biggest truck maker, will spend 3.9 billion rupees ($86 million) to expand capacity and on new facilities to build cabins and engines, adding it could raise the funds through new equity. Ashok Leyland managing director R. Seshasayee told a news conference on Monday the company would spend 1.4 billion rupees to increase vehicle capacity to 67,000 units a year from 50,000 and its engine capacity to ...

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