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TRUCKMAKERS' NEWS * WORLDWIDE
* India - Ashok Leyland to focus on growth of non-truck products
Chennai,India -The Hindu -Feb. 14, 2009: -- “We also make trucks” could well be Ashok Leyland’s catch phrase in the coming years as it targets more revenues from its non-truck business... Ashok Leyland hopes that the non-truck products — or the non-cyclical business — will contribute to more than half its income in the next few years. The company sees it as an option to insulate itself from the cyclical changes in the economy, which have hit commercial vehicle sales now... Primarily this will mean the growth of its engine business. The company now supplies engines that are used as prime movers in generators and marine applications... Other areas for growth would be spare parts sales, supply to the defence sector and widening export markets.
Labels: truckmakers' news worldwide
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