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

Truck and bus maker Ashok Leyland expects the M&HCV industry to grow by 5-10 per cent in the current fiscal and the company is also likely to increase in line with the industry. With a robust recovery in volumes in Q2 and further recovery anticipated in Q3, AL is likely to register decent growth in the current fiscal.

The company is likely to report further improved performance in FY19/20, on the wake of strict overloading restrictions, better freight availability, increased government focus on infrastructure spend and pre-buying ahead of BS VI implementation in 2020. Over the term, the company also expects significantly higher contribution from non-India CV segments such as defence and exports.

The company has another reason to celebrate, owing to the receipt of the prestigious 2017 Deming Prize for its Hosur Unit II manufacturing facility for Total Quality Management. In 2016, Ashok Leyland Pantnagar plant had become the first truck and bus plant in the world and also the only CV manufacturer outside Japan to win this coveted award. With the Hosur unit II plant winning this year, Ashok Leyland becomes the only CV manufacturer outside Japan to achieve this feat consecutively. 


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