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Archives

Ashok Leyland sales contract in first two quarters

15/11/2013 | Author: Autoguide | 1 Comments Back To Home   < Previous News   |   Next news >

Ashok Leyland

ASHOK Leyland’s sales of vehicles continue to contract with total volume down by 25 per cent. The company clocked total M&HCV volumes of 30,820 nos. and LCV volumes of 14,021 nos. Despite the challenging scenario, the company maintained the market share. It retained leadership position in the passenger segment aided by better penetration in the ICV bus segment. The company reported revenue of Rs. 4,913 crore in the first half of current fiscal, as against Rs. 6,346 crore in the corresponding period last fiscal. It has recorded net loss of Rs. 167 crore for the first half of FY14. The net loss has reduced from Rs. 142 crore in Q1 to Rs. 25 crore in Q2. Sale of long term investment generated Rs. 48 crore during the current quarter. EBITDA improved from 1.5 per cent in Q1 to 3.1 per cent in Q2. Commenting on it, Mr Vinod K Dasari, MD, Ashok Leyland, said, “Results are reflective of the tough market situation experienced during the first half of the year. We continue to invest in product development, network expansion and quality improvement initiatives.”  

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