For Q1 ending June 2013, Ashok Leyland turnover stands at Rs. 2,363.81 crores when compared to Rs 3,026.89 crores for Q1 FY 202-13. Cost control measures have kept the company on a positive note at the EBIDTA front.
Vehicle sales in Q1FY 2013-14 stand at 14,900 units (20,239 nos.). Domestic sales account for 12,960 units (17,335 nos.) equating to 25.2% sales decline for the period. Small Commercial Vehicle ‘Dost’ remained optimistic at 6,824 units (7,248 nos.), and international sales account for 1,940 units as compared to 2,904 units in April-June 2012.
The company’s 1st passenger car, Ashok Leyland Stile is expected to launch in September 2013. Price revelations too wil be made then. Stile borrows extensively from Nissan Evalia, which serves well as Nissan NV200, a MPV that serves well as New York City’s Taxi of Tomorrow. In India, Ashok Leyland Stile could emulate that success and be a popular fleet vehicle. Ashok leyland Stile will be produced at the Renault Nissan Oragadam plant, and is a passenger carrier aimed for commercial transport options, a true LCV.
Sharing platforms is the future of the auto industry, and it comes as no surprise that auto manufacturers are pooling in synergies. This helps attain greater economies of scale, and vehicle engineering synergies are optimised from shared platforms and common parts. Ashok Leyland Stile had been shown at the 2012 Delhi Auto Expo.
At present, the medium and heavy vehicles industry has seen a continual slowdown, however that will change in the long-term. Long term sales will look up. The Ashok Leyland and Nissan joint ventures that oversee manufacturing, powertrain, R&D stand on an investment of about Rs 2300 Cr. Efforts are being stepped up for Dost, Stile, and Evalia exports to right hand drive markets to begin with.