Register to Subscribe



Home arrow Automotive arrow Dr. V Sumantran appointed Non-Executive Vice Chairman of Ashok Leyland
Dr. V Sumantran appointed Non-Executive Vice Chairman of Ashok Leyland Print E-mail
Written by Krishna Kumar   
Tuesday, 08 November 2011
Chennai: Dr. V Sumantran has been appointed as Non-Executive Vice Chairman of Ashok Leyland Limited by the Board of Directors, at their meeting held on November 3rd, 2011. Dr. Sumantran is the Executive Vice-Chairman of Hinduja Automotive Ltd. and has been on the Board of Ashok Leyland since 2008.

Besides his responsibilities as Member of the Board, Dr. Sumantran will be responsible for the Business Plan and Results of the Defence and Light Commercial Vehicle business units of Ashok Leyland.

Vinod K. Dasari, Managing Director, will be responsible for all other operations of Ashok Leyland, including manufacturing of products as required by Defence and Light Commercial Vehicle business units.

Dr. Sumantran has over 26 years of experience in the automobile industry both in India and abroad, in senior management positions.

Mr. R Seshasayee, Executive Vice Chairman, will continue to have overall responsibilities for all operations of Ashok Leyland, its subsidiaries and associate companies.

Ashok Leyland's Q2 revenue at Rs 3,095 crores, up 14%

Ashok Leyland has registered a 14% increase in turnover at Rs. 3,094.6 crores during the second quarter of the current fiscal against Rs. 2714.0 crores for the corresponding quarter of 2010-11.

Sale of vehicles for the quarter stood at 23,659 nos. (24,589 nos.) with domestic volumes at 20,429 nos. (22,239 nos.). International operations contributed 3,230 nos. (2,350 nos.), registering a rise of 37.4%. Though there was a slight drop in sales volume, the Company’s EBITDA or gross operating margin for the quarter was up 8.6%, at Rs. 331.2 crores (Rs 304.8 crores) thanks to a better product mix and better cost control resulting in higher contribution.

Financial Expenses were higher at Rs 62.7 crores (Rs 39.5 crores) and so also was depreciation at Rs 85.9 crores (Rs 64.1 crores), Profit Before Tax stood at Rs. 192.9 crores (Rs 207.5 crores).

Net Profit for the quarter stood at Rs. 154.1 crores (Rs. 167.1 crores).

Ashok Leyland's new LCV business commenced with the launch of DOST in September and the cumulative sales for the year stands at 787 units (included in the above table) which is a consolidation of vehicles sold by Ashok Leyland Nissan Vehicles Ltd and Ashok Leyland Ltd. The DOST has witnessed enthusiastic response and dealers have reported healthy bookings. The production of DOST is being ramped up from the brand new assembly line at the Company’s Hosur unit. DOST, as reported earlier, is being marketed by a new dealer network representing the Ashok Leyland Nissan Joint Venture and Ashok Leyland, and is gradually being expanded from the 4 southern states, Gujarat and Maharashtra.

 
Related news
More recent
Earlier on
< Prev   Next >

Sponsors

Mazak - The world's largest machine tool builder
JYOTI - India's most dynamic machine builder
TaeguTec - Cost effective tooling solutions
Advertisement

<< SHARE

Social

AD

Subscribe

Subscribe to MACHINIST by Email

Search

 
RSS 1.0
© 2017 MACHINIST
This site is best viewed with Firefox 2.0 or higher at a minimum screen resolution of 1024x768