Ashok Leyland, commercial vehicle maker has started restructuring its corporate system by creating three divisions, one each for trucks, buses and power solutions. Earlier its corporate structure was organized functionally, in terms of human resources, marketing, finance and sales.
With this restructuring, the company will be able to follow matrix organization, which includes pooling people for projects based on similar skills. Each division will have an independent global head. The revamp will help the company be customer-centric and enhance shareholder value.
The company has reported a fall of 42.01% in its net profit at Rs 150.03 crore in Q4FY13 as compared to net profit of Rs 258.73 crore in the same quarter previous year. Total income of the company has decreased by 13.88% to Rs 3728.46 crore as compared to Rs 4329.52 crore in corresponding quarter last year.
