Financial Daily from THE HINDU group of publications
Friday, Nov 11, 2005
Financial Daily from THE HINDU group of publications Friday, Nov 11, 2005 |
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Corporate
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Announcements Ashok Leyland to invest Rs 25 cr to upgrade IT network Our Bureau
Bangalore , Nov. 10 ASHOK Leyland Ltd would be investing about Rs 20-25 crore every year for the next three years to strengthen its IT infrastructure. It would be adopting Enterprise Resource Planning (ERP) solutions and a custom made customer relations management system to improve efficiency and competitiveness. Stating this here on Thursday at an interaction with mediapersons at the 13th Quality Summit, organised by the CII-Institute of Quality, Mr R. Seshasayee, Managing Director, Ashok Leyland, said the company would also make investment over the next five years for its business plans, which include production of passenger buses and commercial vehicles. `No deal with Brazilian co': Answering to a query on the company's reported talks with a Brazilian bus manufacturing company, Mr Seshasayee denied Ashok Leyland was in it. A media report had said that Brazilian Bus major Marco Polo SA was in talks with Tata Motors and Ashok Leyland to set up a manufacturing base in India. Answering other questions, Mr Seshasayee said the growth of heavy commercial vehicles market was slated to pick up during the last quarter of the current fiscal after the bottlenecks of high oil price and conforming to emission norms were overcome. He said the flat growth in the segment was not due to lack of freight availability, as the rapid industrial growth made adequate freight availability, but due to operational problems. While Ashok Leyland maintained a double-digit growth in the commercial vehicles, the overall industrial performance was in single digit, he said.
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