Company claims it is the first OEM to achieve this goal, way ahead of the April 1, 2020 deadline; LCVs and ICVs to follow suit shortly
Light commercial vehicle sales dropped by 12% to 3,711 units in August 2019
Presently 24th in global ranking, it aims to be among the top 10 in about nine years
Union sources said if the management does not take a call on the issue 'amicably' they would be forced to intensify their stir next week by going on a hunger strike
The company had earlier said it was implementing cost-cutting measures to save around Rs 500 crore to mitigate the impact of slowdown in the market
The employees decided to go ahead with their strike as the management allegedly did not accept their demand at a recent meeting
Ashok Leyland reported a 9 per cent revenue drop during the quarter ended June 30, 2019, at Rs 5,684 crore
The revenue of the company dropped by 9% to Rs 5,684 crore from Rs 6,263 crore YoY
Ashok Leyland 's competitor Tata Motors recently decided to close its Pantnagar facility for two days.
The changes are in line with the company's philosophy of providing growth opportunities to talent from within the company
Its new vision encompasses light commercial vehicles, small commercial vehicles, intermediate commercial vehicles (ICV), M&HCV, spare-parts and defence
Move follows slowdown in CV sales; No work on June 17 and 24, but employees will still get pay
Ashok Leyland Ltd's domestic sales grew 5.8 percent in May to 12,778 units from 12,077 units in the same month of previous year.
The company had sold 13,659 units during the corresponding month last year, Ashok Leyland said in a statement
Ashok Leyland Chairman Dheeraj Hinduja talks about his strategy and plans in the coming years
The company is planning funds infusion for BS-VI and new projects related to light commercial vehicles, among others
The board has recommended a dividend of Rs 3.10 per share subject to approval by shareholders
Domestic sales grew 10 per cent to 13,141 units during the month, compared to 11,951 units during same month last year
Around 80% of the company's revenue is from the cyclical CV segment
In traditional internal combustion engine segment, however, Hinduja group flagship firm would like to go on in its own