Ashok Leyland, the flagship company of Hinduja Group has signed an agreement with Krishnapatnam Port Company (KPCL) to provide 85 U-trucks for KPCL’s inter carting operations at the port. KPCL will handle the day-to-day operations while Ashok Leyland would continue to own and maintain the vehicles according to service levels required by KPCL.
This is probably the first time that such an arrangement is being tried out in the Indian commercial vehicle industry. With this Ashok Leyland intent’s of becoming a complete transport solutions provider for its customers like KPCL.
The current arrangement is for the new generation trucks, which are on an annual maintenance contract and covered by Allcover. A driver training facility and service bays have also been set up within the KPCL premises, jointly by Ashok Leyland and KPCL.
Ashok Leyland’s net profit for the fourth quarter rose by 33.94% at Rs 298.23 crore as compared to Rs 222.66 crore for the quarter ended March 31, 2010. Its total income increased by 30.30% at Rs 3832.65 crore for the quarter under review from Rs 2941.35 crore in the corresponding previous quarter.
