Hinduja Group flagship company Ashok Leyland is gearing up to expand its light commercial vehicle business, international operations and defence mobility segment, according to company Chairman Dheeraj G Hinduja.
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. Addressing shareholders in the company’s Annual Report 2017-18, Hinduja said there would be a greater focus on cost control, revenue generation and return on capital employed (ROCE) going forward.
“In the years to follow, to sustain the growth momentum and take a great leap forward, your company is gearing to set globally bench-marked standards in reliability and after-market support,” he said.
There will be added thrust on cost control, cash generation and ROCE, he added. “Furthermore, ambitious plans will be rolled out soon to grow the LCV business, international operations and defence mobility even further,” Hinduja said. Read More
Latest posts by Business-Standard.com (see all)
- India To Allow Captive Mines To Sell Coal In Open Market - February 20, 2019
- Vedanta, JSW May Jointly Bid For Essar Steel, Make Offer Of Rs 48,000 Cr - February 20, 2019
- MEA delegation visit Agartala-Akhaura railway site - February 19, 2019