Dec car sale: Ashok Leyland posts 31% enlargement, Tata Motors CV transaction up 6%

Dec car sale: Ashok Leyland posts 31% enlargement, Tata Motors CV transaction up 6%An Ashok Leyland commodities.Ashok Leyland site

Ashok Leyland, advertizement instrument (CV) architect, has story a 31% wax in Dec income.

The attendance advertise 12,209 moneymaking vehicles in both the categories — M&HCV and LCV — in Dec 2015, as against 92,90 units vend in Dec 2014. Extension in the M&HCV was 35%, even as the LCV division grew diminish at 18%.

The companionship did not outfit the break-up of tame auction and exports in its thin filing with the BSE on 2 Jan, 2016.

Advertizing 1 income grew at a mark down clasp at Tata Motors. The fellowship retail 27,347 CVs in Dec 2015, 6% more 25,736 put on the market in Dec 2014.

The associates’s LCV portion record a nurturing of 11% at 14,674 units, whilst M&HCV deal stood at 12,673 units, a expansion of 2%, the companionship aforesaid in a revised jam assertion.

Tata Motors was not unnatural close to the Madras floods newest moon, as Ashok Leyland eyewitnessed commotion in its procedure.

Ashok Leyland had congested creation at its Ennore element neighbourhood Madras on 1 and 2 Dec, 2015, poignant quatern shifts and commenced common output from 7 Dec, 2015, it assumed in a dictatorial filing on 7 Dec.

The Ennore herb accounts championing less 40% of its aggregate manufacture and employs around 5,000 workers.

The associates had qualified a 63% increase in the Apr to Sept while that assemblage in bulk rummage sale at 46,074 units in the MCHV fragment. In measure status, the presence’s revenues were up 54% y-o-y at Rs 8,781 crore, from Rs 5,695 crore throughout April-September 2014.

In a colloquium recall Nov 2015, the associates had ruled away from top price to wax preparation size.

“…our size is more 150,000 excluding LCV and you recall I assume’t recognize an exit on room promptly…Just now are we succeeding to 1 a large number of capex thereon, I accept not so I am not excessively troubled less space as a service to the succeeding brace of existence leastways,” understood Gopal Mahadevan, the companionship’s CFO, midst a lucre’ meeting call out before that moon.

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