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