Ashok Leyland registers 3% growth in Financial Year 2017

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Ashok Leyland registers 3% growth in Financial Year 2017

Ashok Leyland has sold 18,682 units in March 2017 as against 16,702 units during March 2016. The total sales in FY 2017 was at 145,066 units, as against 140,457 units for the FY 2016.

Ashok Leyland Sales FY2017

Speaking on the sales performance, Mr. Vinod K. Dasari – CEO and MD, Ashok Leyland said,

We are happy to have achieved an overall growth of 12% during March 2017 and a growth of 3% for FY2017, despite various challenges. The last financial year was significant for us considering the number of new product launches, which were well received by our customers, expansion of dealerships in North and East, opening up assembly unit in Dhaka and offices in Dubai and Bangladesh closer to our customers has led to a positive growth both in domestic and overseas markets.

Further commenting on BSIII verdict from the Supreme court, he added,

The industry has been affected by this unexpected outcome. However at Ashok Leyland we are currently working on minimizing the impact of this decision.

You can read the full statement issued by Ashok Leyland on Supreme Court’s judgement on BS3 vehicles in India.

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Author: Chethan Thimmappa

I cover latest automobile news in India with special focus on cars and bikes. Please send me an email to reach@gaadikey.com for any enquiries. Follow me on twitter and facebook as well!

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