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Ashok Leyland to introduce electric variant of LCV

06 Mar 2013 Evaluate

Ashok Leyland, country’s second largest commercial vehicle manufacturer, is expected to introduce the electric variant of its light commercial vehicle (LCV) Dost within a year. It had started work on the electric variant a couple of years ago.

The automaker had witnessed good growth in LCVs segment, despite of a slowdown in the commercial vehicle segment. Ashok Leyland entered the LCV segment in 2011 and has since then seen a steady rise in sales.

The company has registered a 10% fall in February 2013 sales at 10,046 units as compared to 11,103 units, a year ago. The company witnessed a 26% decline in sales of commercial vehicles - excl SCV (DOST) to 7,045 units in February 2013 from 9,521 units sold in the same month of previous year.

 

Peers
Company Name CMP
Tata Motors 433.30
Ashok Leyland 169.15
Force Motors 19584.35
Olectra Greentech 1025.40
SML Mahindra 5187.60
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