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

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