Ashok Leyland today celebrated the roll out of its 2,00,000th LCV (Light Commercial Vehicle) from its Hosur Plant. The first Ashok Leyland Dost LCV was commercially launched in September 2011. Ashok Leyland Dost LCV touched the 1,00,000 milestone in 3 years, back in March 2015.
Nitin Seth, President, LCV, Ashok Leyland, said, “Ashok Leyland LCVs have been segment defining by delivering customer experience like no other brand. Having 2,00,000 Ashok Leyland LCVs on road in about six years is a proof of trust that our customers have placed in us. Even with our limited portfolio and no-discount policy, we have always maintained our market share. FY18 was very significant for us as we achieved our highest LCV sales of 43,441, a growth of 37% over the previous year. Also in FY18, we launched DOST+ which added strength to the already existing Ashok Leyland Dost LCV brand. We ended last financial year on a high note by crossing the 5000 mark per month for LCV sales for the first time since we got into the LCV business. For us, this milestone is the beginning of our next growth chapter where we focus on bringing in more LCV products in the market and by increasing the share of LCV exports by making left-hand drive vehicles to enter other markets.”
M&HCV sales at 17,057 in Mar’18, is up 12 percent from 15,277 in Mar’17. LCV sales at 5,396 in Mar ’18, is up 58 percent from 3,424 in Mar ’17. Total sales at 22,453, is up 20 percent from 18,701 units sold in Mar ’17. For FY17-18, M&HCV sales stood at 131,432 units, up 16 percent from 113,315 units sold in FY16-17. For the year, LCV sales were up 37 at 43,441 units sold, up from 31,770 units sold in the previous FY. Total sales grew 21 percent at 174,873 units sold, up from 145,085 units.
On march 31st, Ashok Leyland announced construction of its Bus Plant in Andhra Pradesh was now underway at a scheduled ground breaking ceremony at Model Industrial Park, Mallavalli Village in Krishna District, about 40 kms from Vijayawada.
The new Ashok Leyland plant stands on a 75 acre plot, and once fully operational, will be able to produce 4800 buses annually. At the same time, it could hire 5,000 employees when functional in full capacity. the plant will house an electric vehicle development centre complete with a conveyor line, pilot assembly line and prototype development.
Vinod K. Dasari, MD & CEO, Ashok Leyland, said, “This facility will help us be ahead of the curve by ensuring our readiness towards implementation of the bus body code and to meet the rising demand for ready-to-use, fully-built Trucks as well. We will also produce Electric vehicles at this plant. The new plant is also strategically located to meet the demands of Center, East and Southern India markets.”
Ashok Leyland has increased price across its product range by a minimum of 2 percent owing to rising input costs and implementation of AIS 140 regulation wef April 1, 2018.