Gold Silver Reports (GSR) – Ashok Leyland Expand Light Commercial Vehicle Business, international operations and defence mobility segment, according to company Chairman Dheeraj G Hinduja. For the electric-vehicle segment, Ashok Leyland is also looking to tap the proven success of its Optare bus range in the United-Kingdom, for other locations as well.
Addressing shareholders in the company’s Annual Report 2017-18, Hinduja said there would be a greater focus on costControl, revenue-generation and return on capital employed going forward.
There will be added thrust on cost control, cash-generation and ROCE, he added…
“Furthermore, ambitious plans will be rolled out soon to grow the LCV business, international operations and defence mobility even further,” Hinduja said.
The company, which sells light commercial-vehicles such as Dost and Partner in the country, also has a wide presence across international markets with footprint in more than 50 countries.
Ashok Leyland is one of the leading suppliers of logistics vehicles to the Indian Army…..
Its range of products include rapid intervention vehicles, field artillery tractors, light recovery vehicles, water bowsers, truck fire fighters and fuel dispensers.
On EVs, Hinduja said the company plans to leverage on the proven success of its Optare bus range in both developed and emerging markets.
“Your company will leverage on the proven success of the Optare range in the U.K. to position integrated offerings that straddle developed and emerging-markets,” Hinduja said.
Bullish on company’s growth prospects, he said: “Having performed well in the recent years in the highs and lows of this business, I believe your company is at a striking distance from being among the global majors in the commercial vehicle field with attributes of operational efficiency, cost control, quality and reliability and product innovation.” The Chennai-based company reported record sale of 1,74,873 units in 2017-18, its highest ever dispatch in a financial year. – Neal Bhai Reports (NBR)
Ashok Leyland is an Indian automobile company headquartered in Chennai, India. It is owned by the Hinduja Group.
Founded in 1948, it is the 2nd largest commercial vehicle manufacturer in India, 4th largest manufacturer of buses in the world and 12th largest manufacturer of trucks globally.
Operating nine plants, Ashok Leyland also makes spare parts and engines for industrial and marine applications. It sold around 1,40,000 vehicles (M&HCV + LCV) in FY 2016.
It is the second largest commercial vehicle company in India in the medium and heavy commercial vehicle (M&HCV) segment, with a market share of 32.1% (FY 2016).
Passenger transportation options ranging from 10 seaters to 74 seaters (M&HCV = LCV), Ashok Leyland is a market leader in the bus segment.
In the trucks segment Ashok Leyland primarily concentrates on the 16 to 25-ton range. However, Ashok Leyland has a presence in the entire truck range, from 7.5 to 49 tons.
