Net profit and domestic sales increases in first quarter of 2015
While TIV in LCV dropped, we retained domestic market share in the 2.5T LCV segment on the back of the Dost Strong- an out-performer. We have won many tenders in defence vehicles - both domestic and international markets, while exports of M&HCV vehicles increased 32 per cent.
Significant successes in export markets, a well-diversified product portfolio and a range of business verticals helps us manage the cyclicality of the CV business. I must specifically mention the stellar support we received from our suppliers and dealers, without who this transformation wouldn't have been possible."
The Board of Directors have recommended a dividend of 45 per cent.
End
