Tuesday, August 2, 2011

Ashok Leyland Sees Quarterly Profit Drop 30 Percent

Every year, Ashok Leyland recruits over 100 trainees, mostly Engineers from various campuses across the country.These Graduate Engineering/Management Trainees are put through one year’s rigorous, multi-functional training at the Management Development Centre and operating divisions before being absorbed in a regular assignment


Typically, Ashok Leyland recruits most of its trainees through Campus recruitment programmes. However, in select areas, a few openings for Trainees may exist and if you are interested, apply now by clicking the button below. We will store your application in our database and, as and when the need arises, we will get in touch with you. At the same time, we strongly recommend that you periodically check the latest job advertisements to see whether any of the openings match your interests.


Ashok Leyland's net profit for the April-June quarter dropped by 30 percent, as local demand for Commercial Vehicles faded and financing costs rose. The Hinduja Group company posted a net profit of RS862.5 million ($19.38 million) in the April-June quarter, compared with RS1.23 billion rupees a year earlier.

Overall vehicle sales fell back by 10 percent from a year earlier to 19,277 units. The company sold 16,738 trucks and buses locally, a drop of 14 percent, while exports grew 31 percent to 2,539 vehicles.


"After the robust growth of 2010-11, the first quarter of this fiscal has seen a significant moderation," managing director Vinod K. Dasari said in a statement. "The rise in cost of ownership due to spiraling input costs, the rise in fuel prices, hardening interest rates and a fall in freight availability all contributed to this moderation."

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