Mankind Pharma's successful story
August 23, 2024
August 24, 2024,3:03:06 AM
Ashok Motors was founded in 1948 by Raghunandan Saran. He was an Indian freedom fighter from Punjab.
Ashok Leyland is an Indian multinational automotive manufacturer, headquartered in Chennai. It is owned by the Hinduja Group. It was founded in 1948 as Ashok Motors and became Ashok Leyland in the year 1955.
Ashok Leyland, flagship of the Hinduja group, is the 2nd largest manufacturer of commercial vehicles in India, the 4th largest manufacturer of buses in the world, and the 19th largest manufacturers of trucks. Headquartered in Chennai, 9 manufacturing plants gives an international footprint – 7 in India, a bus manufacturing facility in Ras Al Khaimah (UAE), one at Leeds, United Kingdom and a joint venture with the Alteams Group for the manufacture of high-press die-casting extruded aluminum components for the automotive and telecommunications sectors, Ashok Leyland has a well-diversified portfolio across the automobile industry. Ashok Leyland has recently been ranked as 34th best brand in India.
Two major new truck introductions in 1980.India’s first 13-ton truck – ‘Tusker’ with a 125 hp engine was launched followed by the country’s first multi-axle truck – ‘Taurus’.
A US $ 4.5 billion company, and a footprint that extends across 50 countries, Ashok Leyland is one of the most fully integrated manufacturing companies this side of the globe.
With the largest fleet of logistics vehicles deployed in the Indian Army and significant partnerships with armed forces across the globe, Ashok Leyland vehicles for Defence and Special applications helps keep borders secure.
Ashok Leyland has ISO/TS 16949 Corporate Certification.
The company has maintained its profitable track record for 60 years. The annual revenue of the company was US$3.2 billion in 2016–17. Selling 140,457 light, medium, heavy vehicles in 2016–17, Ashok Leyland was one of India's largest exporters of medium and heavy duty trucks. It is also one of the largest private sector employers in India, with about 12,000 employees working in 9 factories and offices spread across the globe.
In 2013–14, the company posted a very modest profit after tax of ₹29 million (US$380,000) which was made possible after the selling of real estate and other surplus land and related assets. The company did not declare any dividends for the financial year 2013–14, which is also a first in its 60-year history.
Ashok Leyland is the first truck and bus manufacturer outside of Japan to win the Deming prize for its Pantnagar plant in 2016 and the Hosur Unit II has been awarded the Deming Prize in 2017.
Ashok Leyland has a product range from 1T GVW (Gross Vehicle Weight) to 55T GTW (Gross Trailer Weight) in trucks. In 2019, Ashok Leyland claimed to be in the top 10 global commercial vehicle makers. It sold approximately 140,000 vehicles (M&HCV and LCV) in FY 2016. It is the second largest commercial vehicle company in India in the medium and heavy commercial vehicle (M&HCV) segment, with a market share of 32.1% (FY 2016). In the trucks segment Ashok Leyland primarily concentrates on the 16 to 25-ton range and has a presence in the 7.5 to 49 ton range.
In June 2020, Ashok Leyland launched its new range of modular trucks, AVTR.
In September 2020, Ashok Leyland launched the Bada Dost based on its indigenously developed LCV platform called Phoenix. An endeavor to serve its stakeholders, and create value in the realms of people, planet and profit lie at the core of the company, in line with its brand philosophy of ‘Aapki Jeet. Hamari Jeet.
© 2024 Iconsofindianbusiness.com. All Right Reserved.