Ashok LeylandAshok Leyland, the
Hinduja Group flagship in India, is the second largest player in the
Indian commercial vehicle market with a market share of 27%. The
Company's main activity is to manufacture commercial vehicles and spare
parts. The Company also specializes in manufacturing special purpose
vehicles and engines for industrial, genset, marine requirements and
other automobile spare parts. A year after India's independence, in 1948, industrialist Raghunandan Saran founded Ashok Motors in Chennai, for the assembly of Austin cars. In 1955, British Leyland picked up an equity stake and the company's name was changed to Ashok Leyland. The company started manufacturing commercial vehicles in the same year. In 1987, the Hinduja Group and Iveco, the commercial vehicles arm of Fiat of Italy, gained a controlling stake in Ashok Leyland. The company became the first Indian automobile company to receive ISO 9002 certification in 1993. The more comprehensive ISO 9001 certification came in 1994 and QS 9000 in 1998. All the Ashok Leyland vehicle manufacturing units received the ISO 14001 certification in 2002. Served by its own comprehensive R&D base, complemented by collaborations with global technology leaders, Ashok Leyland has established a tradition of technological leadership and a strong reputation for product reliability. Ashok Leyland has technological collaborations with Hino Motors and the ZF Group. The company's product range includes: Eighteen to 82-seater single and double decker buses, Vestibule buses, Haulage vehicles in capacities ranging from 7.5 to 49 tonnes, Diesel engines for industrial, marine and genset applications. The Company can produce 77,000 vehicles and 87,000 engines annually from its six manufacturing locations at Chennai, Hosur (three plants), Alwar and Bhandara. Gross turnover of Ashok Leyland in 2005-06 crosses Rs.60 billion - a 25.8% growth over the 2004-05 turnover of Rs 48,108.01 million. Net profit rose 20.6% at Rs 3,273.20 million (Rs 2,714.10 million). The Company's total sales volume reached 61,655 vehicles (54,740 vehicles) during 2005-06, a rise of 12.6%. In its main domain of M&HCV, it posted a 17.6% growth in the domestic market, whereas the total industry volume grew at 4.5%. International Operations have contributed 4,879 nos. Company
URL : http://www.ashokleyland.com/
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