On this course, the corporate has taken a collection of initiatives for sustainable development, its chairman Dheeraj G Hinduja stated.
The long-term outlook for the business car sector continues to stay constructive amid the pandemic, he stated.
With the federal government taking measures to re-activate the business house, Hinduja, addressing the shareholders, stated the administration has taken the chance in the previous couple of months to re-examine the enterprise and working fashions with none presumptions.
“On an evaluation of the short- and long-term prospects, a collection of initiatives has been set in movement to reconfigure the corporate aimed toward sustainable development whereas minimising the opposed impression of financial cycles,” he stated.
The present market scenario is the precise time for Indian OEMs (unique gear producers) like Ashok Leyland to maneuver, with out inhibition and search a worldwide place by showcasing the corporate’s manufacturing prowess and display the merchandise of world requirements of high quality and reliability, Hinduja stated.
With the upcoming gentle business car vary of merchandise, the corporate was able to develop its presence within the nation and abroad, he stated.
“One other thrust space is the defence sector,” he stated, including as one of many largest suppliers of logistic autos to the armed forces, Ashok Leyland would proceed to place mobility merchandise and options in an accelerated method.
“We needs to be seeing the advantages of our plans and efforts earlier than lengthy,” he stated.
On the impression of COVID-19 outbreak, he stated the pandemic has prompted an debilitating impact on all sectors of the financial system.
Throughout the pandemic, the scenario was managed properly with some cautious planning, he stated, including that the administration made a brave determination to introduce for the primary time a modular truck platform AVTR for medium and heavy vary alongside the introduction of BS-VI emission know-how.
“Each are individually main technical challenges together with a mandated timeline to be met. It’s a proud second for the corporate when the design, price and time targets have been achieved indigenously and innovatively,” he stated.
The corporate was additionally prepared with in-house developed new gentle business car vary however the launch was deferred as a result of virus outbreak, he stated.
“The introduction of the brand new vary of merchandise was anticipated to be a game-changer,” he stated.
On the corporate’s launch of electrical autos, he stated Ashok Leyland was making inroads on this phase with buses within the home market and thru the Optare vary of merchandise in London.
“We’re transferring quick within the studying curve on this realm maintaining tempo with world traits and are poised for main strides quickly,” he stated.