Ashok Leyland has achieved its highest ever quarter 1 market share of 34.7 % this financial year.
The company reported a revenue of Rs 4,514.39 crores (Rs.4531.33 crores) for the quarter which on ended 30th June 2017. Profit After Tax (PAT) was Rs 111.24 crores (Rs 290.78 crores).
The company has gained YOY market share in 12 of the last 13 quarters. The market share growth was driven by the success of its innovative iEGR technology for BS IV engines launched in April 2017.
The technology has been well accepted by customers and has once again showcased Ashok Leyland’s technology capabilities.
“It has been a very satisfying quarter. Despite all the challenges, our robust market share growth exemplifies the technological leadership of Ashok Leyland. Our recently launched iEGR technology for BS-IV has been well accepted by customers and we are ramping up capacity to cater to the growing demand. This technology is by far the best solution for Indian conditions,” said Vinod K Dasari, Managing Director, Ashok Leyland Ltd.