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