Ashok Leyland bags an order for 3600 buses

Ashok Leyland has bagged orders for 3600 buses from various State Transport Undertakings. The company is looking at executing the orders promptly in this fiscal. Expanding its market share in India’s bus market from 33.2 per cent in the last quarter of the last fiscal to 35.9 per cent in the first quarter of the current fiscal, the company, according to Vinod K. Dasari, MD, Ashok Leyland Ltd., will continue to increase its reach, launch new products, and introduce customer centric initiatives which would help it to maintain its lead. Drawing attention to the overall M&HCV volumes of Ashok Leyland increasing by 18.6 per cent over the industry growth of 14.5 per cent, Dasari mentioned that they are continuing to maintain growth in the domestic M&HCV market and believe that the industry would post 15 per cent to 20 per cent growth in the current fiscal.