Mahindra and Mahindra (M&M) is planning to take over the trucks business of its subsidiary Mahindra Trucks & Buses. The business will be transferred to M&M through a scheme of arrangement, after being approved by M&M’s board .
Light commercial vehicle
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Ashok Leyland’s March 2011 quarter sales up 30%, stock rises 4%
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Ashok Leyland, which makes trucks and buses, reported a 30% increase in sales to Rs 3,829 crore in the March 2011 quarter. The company sold 15% more vehicles during the quarter, compared to the March 2010 quarter.
The difference between volume and value sales could be explained either by a change in its product mix (selling higher value vehicles) or by an increase in prices.
Filed under: Companies, Top News, Ashok Leyland, Commercial Vehicles, Light commercial vehicle, March 2011 results
Force Motors net profit at Rs 7 crore versus loss
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Force Motors, the Abhay Firodia promoted light commercial vehicles maker, reported its December 2009 quarter results with a smart growth in sales and maintained profitability seen in the previous quarter.
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