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