Ad Here  
IOB on turnaround path E.I.D Parry (India) Ltd: another sweet year Tata Motors charts investments in PV and CV businesses Bajaj Finserv – Q1: fare well Tata Motors aims to be among the Top 3 global CV & PV firm Preparing for the next growth curve M & M unveils driverless technology for tractors ITC – steep excise hike CAPITAL NOTES Hyundai to focus on SUVs and AMT variants Michelin to double Chennai capacity Is this a generation gap? TN government keen on revival of operations at Nokia complex Yamaha unveils scooter boutique Forging industry worried over lower supply of steel and its price Right to privacy – now it’s fundamental! Welcome focus to improve rural India... Housing demand revival Land wars Tata Motors joins compact SUV bandwagon with Nexon The gainers and the losers Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Ode to Ratan Tata ITC chairman calls for policy impetus to transform agriculture Daimler grows sales and share in India Kone India eyes further growth in elevator market New India Assurance posts impressive show 29 per cent jump in TCS revenues AL introduces Guru & Partner RoC in the dock... Aurobindo Pharmacy: good turnaround Nissan exit shouldn’t affect ALL Hindalco – re-rating Emami – a new growth mantra Wabco launches safety system Vellayan is back, after 150 days Smooth sailing of SAIL L&T profit up by 11 per cent Gamesa to set up a plant in Nellore Solar installations exceed 2015 capacity in five months HPCL plans Rs.61,000 crore capex over 5-years Last stages Daimler’s truck exports from Chennai cross 5000 units Chinese smart phones flourish in small towns too! It takes two to tango Toyota and Suzuki to introduce EVs in India by 2020 Consolidating leadership position in smartphones Smartphone onslaught by Chinese brands Tata gets 4-star rating for Zest Shriram Life clocks more than Rs.1000 crore premium in 2015-16 The unexpected exit Are they really independent? V-Guard launches app-enabled water heater system Maruti – for young buyers PSU non-life firms seek to protect share Carnival Films acquiring 3000 screens pan India Dish TV – subscriber additions encouraging L & T’s floating dock for navy When small is not so beautiful… He excels in the nuts and bolts of entrepreneurship Tata Steel, ThyssenKrupp sign MoU to merge European units Back in growth mode Singur minus Nano – victory or folly? Mercedes-Benz sales continue to zoom Rane targets Rs.5500 crore topline by 2018-19 Tata Motors bets on new launches L&T bags the Mumbai Trans-harbour link order Sivasankaran enters taxi space to take on Uber and Ola L & T set bigger ambitions in defence business AL secures orders for 3600 buses A niche in FMCG business... TVS Srichakra plans capacity expansion Titan Company – sales recovery to kick in TI Cycles plans retail expansion to drive sales for premium bicycles TVS Automobile invests Rs.75 crore in start-up firms Increasing market share Hyundai India achieves 7 mn production at Chennai factory Record two-wheeler sales Sundram Fasteners rejigs international PPP model for infrastructure development A welcome initiative-even critics are recognised Eyes strong growth in 2016-17 AL wins Deming prize again From the toughest to the best year LVB posts 31 per cent growth in Q1 net profit
AL secures orders for 3600 buses

In a big boost to its bus business, leading commercial vehicle firm Ashok Leyland has secured orders from over 10 state transport undertakings to supply 3600 buses during this fiscal.

The orders come at a time the Medium and Heavy Commercial Vehicle (M&HCV) segment is reporting healthy growth and it will augur well for the company to further strengthen its leadership position in the bus segment.

Ashok Leyland is the leader in the M&HCV bus segment with a market share of about 36 per cent, up from 33 per cent Q1 of last year.

“We continue to maintain growth in the domestic M&HCV market and believe that the industry should post 15-20 per cent growth in the current financial year.  Ashok Leyland will continue to expand its network, launch new products and introduce customer centric initiatives, which would help it maintain its lead. The focus on exports, defence, and after-market will continue,” said Vinod K Dasari, Managing Director Leyland.

Q1 of this fiscal saw M&HCV bus segment recording a modest growth of two per cent at 11,923 units.  Meanwhile, Ashok Leyland is preparing to launch its new bus in the Intermediate Commercial Vehicle (ICV) segment this year.

Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236