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Article: India: Ashok Leyland expects 5% domestic sales growth this fiscal.(Financial report)
- Article from:
- TendersInfo
- Article date:
- October 8, 2009
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Hinduja Group's flagship company Ashok Leyland is revising its domestic commercial vehicle sales target to about five per cent this fiscal from an earlier estimation of flat or negative sales, on the back of reviving market demand.
"We are now revising our target upwards, maybe around five per cent from the previous (estimates) that domestic sales would either be flat or even turn negative," Ashok Leyland Executive Director (Marketing) Rajiv Saharia said here.
He said the recent revival of sales in the commercial vehicle (CV) market has brought optimism.
"In the last few months, the overall market has looked up and this has made us re-think. ...