Ashok Leyland's total volumes were up 1 per cent year-on-year to 9,989 units in October, led by healthy 14 per cent growth each in trucks and LCVs
Faster recovery seen with festive season ahead, though overall sales are likely to be lower, as Q1 was completely washed out
Hinduja flagship firm Ashok Leyland reported 1% increase in total commercial vehicle sales to 9,989 units in October
Total vehicle sales dropped by two per cent to 8,885 units in October 2020 from 9,079 units, last year
The two models start at Rs 18 lakh, the ex-showroom prices in Mumbai, Delhi, and Chennai.
Ashok Leyland said it was looking to increase its market share in the intermediate commercial vehicle segment similar to the levels it has in medium and commercial vehicle, a company official said
The two models are meant for a range of sectors like courier, poultry, white goods, agri-perishable, and e-commerce.
In a Q&A, Anuj Kathuria dwells on the segment shift towards intermediate commercial vehicles (ICVs) and tippers
Company's Light commercial Vehicle (LCV) sales grew by 20 per cent to 4,567 units from 3,816 units
Launches on a platform developed entirely in-house is the commercial vehicle maker's weapon of choice to expand domestic market share and develop new global markets
Among the two wheelers, motorcycles in the 150cc to 200cc segment have been the outliers
Ujjivan SFB said as part of the ''Raftaar Loans'' product mix, the customised offerings will be available across southern and eastern regions: Karnataka, Tamil Nadu, and West Bengal
Analysts expect a gradual revival by the end of FY21, led by a low base, replacement demand and pick-up in economic activity
The manufacturer will supply its product Ecomet and the order will be executed in the next 5-6 months
The CV major has said that LCV will be one of the three major levers to drive company's future growth
"A full-fledged turnaround should be in place by the end of the last quarter or spilling over to the next FY," said Sachin Pillai, Managing Director & Chief Executive Officer, HLFL
Shahaney laid the strong foundation in manufacturing, engineering and technology for the company
A manufacturing business is ultimately about people. There is no substitute to face-to-face interaction, he said
Dheeraj Hinduja says company's future product plans would revolve around auto buzzword CASE mobility. CASE is an acronym for Connected, Autonomous, Shared & Electric vehicles
Bus segments drags volumes with 93% drop