The overall market sentiments for M& HCV is positive. Some major factors impact this positive scenario like Crude oil price come down. Last couple of months brought multiple good news for Ashok Leyland in sales, export and profit. Ashok Leyland double its sales in M&HCV segment. M&HCV segment sales directly correlated to country overall economy and GDP growth. With latest development operating cost of the vehicle come down, fleet owners profit has increased, resulted increased in sales. Ashok Leyland has cut the cost of every corner of its expenses, Company management has done it in most effective way. Announcement of new infrastructure projects, increase in rail freight, has also help to increase Trucks sales in India.
The sales of Ashok Leyland for the month of November 2014 posted 44% growth as 7,732 vehicles were sold against 5,375 sold units sold in November 2013. The M&HCV sales double to 5,204 from 2,715 November 2013. The Light Commercial Vehicle segment witnessed 5% de growth in November 2014.
M&HCV segment recorded 17% growth in sales while LCV sales declined by 11% decline. The year to date sales for FY 2014-15 grew by 8% against the same period of FY 2013-14.
– Company bags $79 order to supply Trucks, Buses, LCV, Spare parts, After sales support in from African countries of Tanzania and Zimbabwe.
– Nissan International Holdings BV, part of Nissan Group, has bought a one-third stake in Hinduja Tech Ltd , a subsidiary of Ashok Leyland.
– Company registered a net profit of Rs. 72.73 crores for the first half of FY 2014-15, compare to loss of Rs. 166.80 crores for the corresponding half year of 2013-14.It Revenues also turn into positive figure by 16% and stood at Rs. 5,695.48 crores,compare to Rs. 4913.43 crores in half year of FY 2013-14.
To read October 2014 sales Click here.
Source: ACG, Ashok Leyland