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

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