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