The Hindu : Business : Ashok Leyland rolls out new heavy commercial vehicle

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Friday, Nov 16, 2007
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Ashok Leyland rolls out new heavy commercial vehicle

Special Correspondent

The 49-tonner carries a price tag of Rs. 19.75 lakh

— PHOTO: ANU PUSHKARNA

WIDENING RANGE: Vinod K. Dasari, Chief Operating Officer, Ashok Leyland, at the launch of a new tractor trailer in New Delhi on Thursday.

NEW DELHI: Ashok Leyland on Thursday rolled out a new 49-tonne heavy commercial vehicle (HCV), 4921TT. It carries a price tag of Rs. 19.75 lakh. The company targets to sell 1,000 units of the HCV this fiscal.

“The market for 49-tonne HCVs is growing and is expected to be around 2,000 units in the current fiscal, we are targeting to sell nearly 1,000 units of our 4921TT in this segment,” Ashok Leyland Chief Operating Officer, Vinod K. Dasari, said during an interaction with media persons on the occasion of the launch.

He said the company expected its overall sales in the current fiscal to be flat or slightly better than last year.

“In the first half of 2007-08, the overall market for commercial vehicles has dipped by 10 per cent on account of high interest rates but we expect the second half to be better than the first half, which will help us in maintaining our sales level,” Mr. Dasari added.

The company had sold 37,000 units (including exports) in the first half of this year and expected to sell nearly 40,000 units in the second half, he said.

PTI reports:

The company had recently tied up with Japan’s Nissan Motor Company to foray into the fast growing light commercial vehicle (LCV) market in India with a joint investment of around $500 million (Rs. 1,970 crore). The joint investment would be spread over two manufacturing joint ventures.

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