Hinduja Group flagship company Ashok Leyland is gearing up to expand is light commercial vehicle business, International operations and defence mobility segment.
Why is this important?
For the electric vehicle (EV) segment, Ashok Leyland is also looking to tap the proven success of its Optare bus range in the United Kingdom, for other locations as well.
To sustain the growth momentum and take a great leap forward, company is gearing to set globally bench-marked standards in reliability and after-market support.
The company, which sells LCVs like Dost and Partner in the country, also has a wide presence across international markets with footprint in more than 50 countries. On EVs, Hinduja said the company plans to leverage on the proven success of its Optare bus range in both developed and emerging markets. company reported record sale of 1,74,873 units in 2017-18, its highest ever dispatch in a financial year. Largest volume growth is seen in the Northern region outpacing the company’s traditional southern stronghold where company is market leader.
Stock to be impacted?
This is positive for the company (CMP 133, M. Cap 39,250 crs, 15.2 FY20PE) as they are focusing on cost control, revenue generation and return on capital employed.