Cryptocurrency Prices by Coinlib
Cryptocurrency Prices by Coinlib

Ashok Leyland to consolidate CV business; new launches on anvil

Hinduja group flagship Ashok Leyland is looking at expansion of its commercial vehicle business with plans to introduce a slew of products.

The company, however, said that commercial vehicle makers are under profitability pressure due to increasing competition and cost of meeting stronger emission standards. In an address to its shareholders, the company's chairman Dheeraj G Hinduja said the company in the coming years will continue to provide thrust to the core business of commercial vehicles and build a portfolio of profitable segments.

"LCV (light commercial vehicle) strategy will get further sharpened and a slew of products is already in the pipeline," Hinduja said in the company's Annual Report for 2016-17. Besides, enhancing customer profitability, identifying appropriate transport solutions will rank higher than just positioning products, he added.

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