Thank you CBN for ashokleyland

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[snoww]

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Ashok Leyland puts Andhra Pradesh unit on hold as sales fall

Shaukat Mohammed | TNN | Updated: Sep 10, 2019, 21:55 IST

 

 

 

 

 

VIJAYAWADA: Ashok Leyland Ltd, India’s second largest bus, truck and LCV maker, appears to have put its plans to commission its bus assembly unit at the model industrial park at Malavalli, about 43 km from here, on hold as sales of its products have been on a downward spiral for months in a cooling economy.
The Hinduja group flagship had done the bhoomi puja for its Malavalli plant in the presence of then AP chief minister N Chandrababu Naidu on March 31, 2018. The unit was to have an installed assembly capacity of 4,800 buses per annum, Vinod K Dasari, the then CEO and managing director of Ashok Leyland, had said. The unit was to be commissioned in six months time.

 

The unit, which was to be the eighth production unit of Ashok Leyland, was to assemble buses, including electric vehicles, Dasari, who traces his roots to Krishna district in AP, had said. The unit was to eventually employ 5,000 workers directly.
“We are not just into offering employment. Our model is to train young people, both men and women, in the area surrounding our plant. The selected candidates will be put through an earn-and-learn programme in which they will have to complete a four-year diploma course recognised by the government, and work with us during this time. They will be paid during this period,” Dasari had said.
The company’s decision to put the completion of its Malavalli unit on hold was probably prompted by the precipitous drop, nearly 70 per cent, in the sales of its medium and heavy commercial vehicle in August. The Chennai-based company reported sales of 3,336 units in August, compared to the 11,137 units in the corresponding month last year. It posted total sales of 4,585 units in August in its vehicle portfolio, including buses, from 12,420 units in the previous year.
Ashok Leyland had acquired 75 acres of land for the bus assembly unit at Malavalli industrial park, with the option of acquiring another 75 acres. The assembly unit’s production could be ramped up to 9,600 units because the unit was to be modular in its design.

 

“At this point of time we have enough capacity in our existing plants to meet the current demand. The Vijayawada plant will be commissioned as and when the demand picks up,” a company spokesman told TOI on Tuesday, declining to elaborate further.
Local industry sources have expressed dismay at the delay in commissioning of the Vijayawada plant. “The Ashok Leyland bus assembly unit would have raised AP’s profile as a destination for the automobile industry, because it would have been assembling heavy commercial vehicles in a part of the state that has very few manufacturing units,” a former chairman of CII-AP said, requesting anonymity.

[ticket]

5 minutes ago, snoww said:

•  

Ashok Leyland puts Andhra Pradesh unit on hold as sales fall

Shaukat Mohammed | TNN | Updated: Sep 10, 2019, 21:55 IST

 

 

 

 

 

VIJAYAWADA: Ashok Leyland Ltd, India’s second largest bus, truck and LCV maker, appears to have put its plans to commission its bus assembly unit at the model industrial park at Malavalli, about 43 km from here, on hold as sales of its products have been on a downward spiral for months in a cooling economy.
The Hinduja group flagship had done the bhoomi puja for its Malavalli plant in the presence of then AP chief minister N Chandrababu Naidu on March 31, 2018. The unit was to have an installed assembly capacity of 4,800 buses per annum, Vinod K Dasari, the then CEO and managing director of Ashok Leyland, had said. The unit was to be commissioned in six months time.

 

The unit, which was to be the eighth production unit of Ashok Leyland, was to assemble buses, including electric vehicles, Dasari, who traces his roots to Krishna district in AP, had said. The unit was to eventually employ 5,000 workers directly.
“We are not just into offering employment. Our model is to train young people, both men and women, in the area surrounding our plant. The selected candidates will be put through an earn-and-learn programme in which they will have to complete a four-year diploma course recognised by the government, and work with us during this time. They will be paid during this period,” Dasari had said.
The company’s decision to put the completion of its Malavalli unit on hold was probably prompted by the precipitous drop, nearly 70 per cent, in the sales of its medium and heavy commercial vehicle in August. The Chennai-based company reported sales of 3,336 units in August, compared to the 11,137 units in the corresponding month last year. It posted total sales of 4,585 units in August in its vehicle portfolio, including buses, from 12,420 units in the previous year.
Ashok Leyland had acquired 75 acres of land for the bus assembly unit at Malavalli industrial park, with the option of acquiring another 75 acres. The assembly unit’s production could be ramped up to 9,600 units because the unit was to be modular in its design.

 

“At this point of time we have enough capacity in our existing plants to meet the current demand. The Vijayawada plant will be commissioned as and when the demand picks up,” a company spokesman told TOI on Tuesday, declining to elaborate further.
Local industry sources have expressed dismay at the delay in commissioning of the Vijayawada plant. “The Ashok Leyland bus assembly unit would have raised AP’s profile as a destination for the automobile industry, because it would have been assembling heavy commercial vehicles in a part of the state that has very few manufacturing units,” a former chairman of CII-AP said, requesting anonymity.

Jagalan ganni chusi okkadina munduku vachada edina industry pettadaniki #just asking..