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