 "Ashok Leyland undertakes cost cutting measures to save Rs 500 crore")
Ashok Leyland, the flagship company of the Hinduja Group, has posted a net profit of Rs 199 crore during the second quarter of the financial year 2022-23, compared to a loss of Rs 83 crore during the same period last year.
The company has also achieved a market share of 32 per cent in Q2FY23. The revenues for the quarter stood at Rs 8,266 crore against Rs 4,458 crore during the July to September quarter of 2021-22.
Ashok Leyland's domestic MHCV (medium and heavy commercial vehicles) volume during the quarter under review was seen at 25,475 units, up 113 per
