Hinduja group flagship company Ashok Leyland Ltd (ALL) has chalked out aggressive
expansion plans even as the commercial vehicle maker breached the $2-billion turnover
a turnover of Rs8,304.72 crore for the year ended March 2007, a 37 per cent rise
over the previous year''s figure of Rs6,053.11 crore.
net profit has risen by 35 per cent to scale Rs441.29 crore (Rs327.32 crore).
Gross operating margins are up by 30 per cent to Rs702.69 crore (Rs540.07 crore).
Gross profit is placed at Rs768.16 crore (Rs556.59 crore).
technology is being sourced from across the globe with layouts being made for
lean manufacturing and automation," R Seshasayee, managing director said
in Chennai while announcing the company''s annual results.
has posted 35 per cent increase in net profit for the year at Rs441 crore this
year compared to Rs327 crore last year.
said the company would be targeting the airport bus market with three buses under
the brand name ''Avion'' being lined up to cater to this sector.
have stabilised at the Prague based AVIA Ashok Leyland Motors and the company
was targeting an annual output of 1,400 vehicles per annum, he said, adding that
dealership development in existing markets with new forays were being planned.
Work is expected
to commence in March 2008 at the integrated chassis and bus assembly plant at
(Ras Al-Khaimah) RAKIA in the UAE, coming up at an investment of Rs38 crore, with
a capacity production of 1,000 buses per year, he added.
company is also planning to foray into the two-tonne ''pick-up'' segment and announcements
regarding this would be made soon, K Sridharan, chief financial officer told reporters
on the sidelines of the conference.