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Ashok Leyland revenue grows by 39% in FY 2015-16

By Niranjan Mudholkar,

Added 14 June 2016

Turnover at Rs18,822 crore & net profit stood at Rs722 crore

Picture for representation only

Sales volume in Medium and Heavy Commercial Vehicles (M&HCV) in domestic market stands at 98,809 vehicles (66,442 nos.) for the current fiscal, resulting in growth in market share to 32.7%. Total volume for Light Commercial Vehicles (LCV) is 30,695 (27,242 nos.), while international operations for MHCVs degrew by 2%. Defence vehicles registered healthy growth.

The board has recommended a dividend of 95% per share translating to 95 paise per share.

Speaking on the occasion, Vinod K. Dasari, Managing Director, Ashok Leyland, said, "It has been a successful and fulfilling year for us. All our efforts over the last year in pruning costs while at the same time investing in new products and network have helped us transform the company. We are now poised to seize the opportunity the market presents in the immediate future. All this has been achieved with the valued support of our suppliers and dealers who have taken us from strength to strength. While we strengthened our presence across the country the year also witnessed our expanded presence across the globe."
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