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