Ashok Leyland reaches highest market share ever in Q1 at 34.7%

The firm's share price has gone up 256%, while the BSE auto index grew only 66% in past 3 yrs

Ashok Leyland, the country's second-largest commercial vehicle maker, has achieved its highest-ever market share at 34.7 per cent during the first quarter ending June 2017. The major contributor is the iEGR (exhaust gas recirculation) technology for BS-VI engines launched in April 2017, said Ashok Leyland Chairman Dheeraj G Hinduja.

Hinduja said that despite difficult situations and an increase in competition, the company has increased its market share, which is not an easy task, due to the investments the company made in technology, plants, and products.

The company is well positioned to capture the upsides owing to developments in the economic