* Tamil Nadu - Beating the slowdown by Ashok Leyland: Reporting higher numbers
-- The previous financial year has been one of the best for Hinduja-owned commercial vehicle (CV) maker Ashok Leyland. It has done well financially, has become a national player and improved its market share... Sales of trucks and buses grew 34 per cent, year on year, in 2015-16. In the nine months ended December 2015, while the industry’s sales grew 30 per cent, its sales grew 54 per cent... Ashok Leyland set to report higher numbers, market share... Sales of medium and heavy commercial vehicles were up 32 per cent, year on year, in March and 41 per cent in 2015-16. In comparison, market leader Tata Motors reported growth of 26.5 per cent for March and 24 per cent for 2015-16... According to the Society of Indian Automobile Manufacturers, Leyland’s CV market share rose to 18.5 per cent in 2015-16 from 15 per cent a year ago... During the year, Tata Motors’ market share dropped to 44.3 per cent from 47.2 per cent and Mahindra & Mahindra’s to 24.3 per cent from 25 per cent... In medium and heavy CV, Leyland’s market share rose to 30.6 per cent from 27.2 per cent and Tata Motors’ share to 54.9 per cent from 57.1 per cent. Leyland gained in the higher-tonnage segment on the partial lifting of mining bans and operators renewing their fleets...
Chennai, Tamil Nadu, India - The Business Standard, by T E Narasimhan - April 15, 2016Labels: truckmakers news India
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