Ashok Leyland bags orders for 3600 buses
Ashok Leyland has bagged orders for about 3600 buses from various State Transport Undertakings (STUs) in the current fiscal. These orders would be executed in the current financial year which would help Ashok Leyland in furthering its leadership position in buses.
Domestic market share of Ashok Leyland in trucks increased from 29.2% in Q1 last year to 30.1% in the Q1 of the current year. Market share for domestic buses has increased from 33.2% in Q1 last year to 35.9% in Q1 of the current year. Overall, M&HCV volumes of Ashok Leyland have increased by 18.6% as compared to industry growth of 14.5%.
Vinod K Dasari, Managing Director, Ashok Leyland, said, “We continue to maintain growth in the domestic M&HCV market and believe that the industry should post 15% to 20% growth in the current financial year. Ashok Leyland will continue to expand its network, launch new products, and introduce customer-centric initiatives which would help it to maintain its lead. The focus on exports, Defence, and after market will continue.”