NEW DELHI, Jan 23 (Reuters) - Rising prices of raw materials like steel and lower sales of vehicles to the armed forces hurt truck maker Ashok Leyland's operating profit margin in the third fiscal quarter to December, its managing director said on Friday. But margins are expected to recover in the fourth quarter, helped by a product price hike in December and higher sales of defence vehicles, R Seshasayee told Reuters by phone from the company's headquarters in the southern Indian city of ...
Premium Content (PAID Subscription Required)
"India's Ashok Leyland Q3 profit margins hit" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.