Ashok Leyland plans new launches to up marketshare
Ashok Leyland plans to grow its market share in the domestic truck and bus market by about 15 per cent in the next three-five years.business Updated: Jan 13, 2004 18:38 IST
Ashok Leyland Ltd plans to grow its market share in the domestic truck and bus market by about 15 per cent in the next three-five years as it gears up to unleash a spurt of modern vehicles, company officials said on Tuesday.
The Hinduja Group flagship is also preparing to export 3,300 trucks worth $46 million to war-ravaged Iraq besides exploring manufacturing or export tie-ups in Pakistan, Thailand and Indonesia, its executive director (product development and advanced engineering) M Natraj said.
"Our market share should grow from 35 per cent now to 45-50 per cent in the next three-fiveyears. The growth will come from higher sale of medium and heavy commercial vehicles for intra-city transport and small trucks, especially after the highways come up across the country," Natraj told reporters.
Ashok Leyland will unveil a high-capacity low-floor vestibule CNG bus and a CNG-powered minibus as well as a new-generation 260 horse power engine fitted tractor and a tipper at the Auto Expo, which opens on January 15.
Talks are on with the Delhi government for trial runs of the inter-city vestibule bus, which was expected to commence next month, Natraj said.
He said the investments in research and development would be doubled to about four per cent of turnover in three years to produce more modern vehicles.
First Published: Jan 13, 2004 18:38 IST