ALL ups CV production
Commercial vehicles manufacturer Ashok Leyland (ALL) has reverted back to a 5-day production schedule at its plants.
This follows a 33% increase in its sales for Feb over that of Jan, though the number was 57% less than its sales in Feb 2008. The recovery is in line with industry trend as commercial vehicles have seen a 30-50% surge in sales or demand, depending on the nature of the product.
ALL has also tied up with commercial banks to finance its vehicles and is awaiting RBI approval for a proposed captive financing arm.