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Registering a 39 per cent increase in turnover at Rs.18,882 crore as against Rs.13,562 crore turnover the year before, Ashok Leyland has hinted at some very interesting products it is looking to introduce later this year. Expecting the positive growth momentum to continue, the company is looking at 15 per cent growth in FY2016-17 according to Vinod K. Dasari, MD, Ashok Leyland. Stating that an increase in vehicle cost to meet the BS IV emission norms, which will be rolled out pan-India in 2017, will likely impact growth. Dasari stressed upon the stupendous profit growth of 115 per cent (with Rs.722 crore profit after tax) that his company has achieved. Profit after tax last year was Rs. 335 crore. About introducing some very interesting products, Dasari touched upon the 40-seat Sunshine school bus that was displayed at the Auto Expo 2016. Having sold 98,809 vehicles during FY2015-16, Dasari expressed that Ashok Leyland is poised to seize the opportunity the market presents in the immediate future. He opined, his company would continue to invest in new products, technologies as well as enhance the domestic and global network in pursuit of profitable growth. The international thrust would see the company setting up an assembly plant in Bangladesh.

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