UPDATE 1-Ashok Leyland sees over 15 pct sales growth this year

Newswire

(adds details, background) NEW DELHI, Aug 6 (Reuters) - India's second-biggest truck maker, Ashok Leyland Ltd, said on Wednesday it expected its vehicles sales to rise by over 15 percent this year helped by demand from road building projects and low interest rates. Sales at the Madras-based firm, which mainly competes with market leader Tata Motors Ltd, have risen 19 percent in the first four months of this fiscal year to March, 2004 to 11,808 vehicles. "I expect 15 percent plus growth ...

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