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Rating of states to be released soon Downsizing spree... Three more leather clusters… World labour laws at a glance TII-challenging year with flat growth ALL-two launches in a row Towards peace of mind Dynamic e-commerce scenario Secured NCDs from Shriram City Chennai to get a roundabout Metro Pharma market dozes Nigeria comes nearer TN budget pragmatic and moderate on fiscal deficit Focus on self-certification and third party inspection Techies trip to India ALL – truck industry is recovering from degrowth Climate change may change the way businesses work... A global plastic event in India Waste, a gold mine Auto test tracks launched at GARC Oragadam campus Four daughters and a proud father WABCO’s second Chennai plant Scoot offers just Rs.13,500 to ANZ... Placing the right shoe forward... Realising double digit growth in Tamil Nadu Realty sector takes a break... Inclusive and forward moving... Blue Star plans a new plant in south LVB gears to become a financial supermarket Nothing to hide... TII’s single largest investment at Thiruthani Time to fast-pace the logistics sector TCS’ revenues cross Rs 100,000 crore Business Briefs Tata Steel commence operations at Kalinganagar Sun Edison launches solar pumps Veritas Finance- financing the unfinanced Illicit markets a concern to growing economy Durga - India’s largest blast furnace; now operational ECGC expands operations Make way for the new and dynamic railways Flexible labour laws… Smart controls for cooling large multi-zone spaces ... Is Indian telecom industry heading for a monopoly? Indigo stays leader with 40 per cent share Innovation that helped Chennai port Industry-well poised to invest on expansion Airlines wage price war Housing Innovation Challenge, 2015 Digital retail transactions stabilise at higher level… Economic issues take a back seat at G20 summit TVS Logistics – another acquisition to sharpen the business model European crisis is a global crisis! Bridging the skill deficit in pharma industry Curbing steel imports will hurt small business... An aerospace-defence cluster in Tamil Nadu… IFCI to raise NCDs upto Rs 2000 crore CUB: towards card-less withdrawal Purdue and IIT-M sign the dotted line Murugappa- a year of consolidation Adding Zest to Scooty More gensets and diesel engines from TAFE BRICS development bank Business Breif On the ‘milky’ way Applauding enterprise... The new look- 4s Verna Hero Motocorp - smooth ride Well-refined – RIL’s refinery margins zoom Chennai Port is at last decongested! Creating Tamil Nadu Banana brand Backpack laboratory STFC raises money An American alliance in the chemical industry? TiE applauds innovative entrepreneurs Big-ticket investments march towards Punjab Research needs more funding Indian Bank – global businesses crosses Rs 3 lakh crore... Steel loses its sheen Automotive Vision Plan II... Strategy war escalates between Hero and Honda SumInfra- corridor based development... OBO Bettermann for better lightning protection Brand leaders come forward... When Centre visits the state Connecting the unconnected Gem of social service... AirAsia India infuses funds to fight out competition Changing dynamics in human resource management Economic, business and social sustainability Investor friendly Japan Need to focus on ease of doing business... Celebration time at MS Chola TOP 10 CEO Compensation Reality bytes Celebrating 180 years of relevance Ridley marathon to India ALL to launch electric busses Chola MS launches motor app Chola MS net crosses 100 crores People Flow Day- Safety Hyundai excites again Apple maps – finding its way Schwing Stetter India joins hands with US-based Gomaco Chennai will soon get its World Trade Centre ISRO's 100th mission - Carrefour’s quick exit Striking cords for 25 years… Holiday Inn opens in OMR Chennai
 
ALL – truck industry is recovering from degrowth

By focusing on network expansion and customer profitability during the de-growth phase of the commercial vehicle market, Ashok Leyland(ALL) is now capitalising the growth that has dawned on the sector.  

ALL recorded a growth of 54 per cent in the half year ended 30 September 2015 to Rs 8781 crore. Sales volume of the medium and heavy commercial vehicles (MHCV) stood at 51,337 against last half year’s 33,115. An increase in the light commercial vehicles (LCV) sales stood at 14,198(12,204). ALL enjoys a market share of 33.1 per cent in the MHCV segment. “With improved cash flows, a positive cycle is beginning. Our growth is mainly due to the increase in replacement demand and we expect the trend to continue,” said Gopal Mahadevan, CFO. “The global benchmark is one vehicle for a population of 1000. We have not yet reached the mark of 350,000 trucks and hence there is a lot of potential and it is dependent on the economic growth,” said Gopal.

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