Ashok Leyland · tone and specificity signals across the available quarters.
Language signals
We are very very focused on these three or four aspects formul and of course the numbers will tell the story later but like I said this year we are coming up with this high horsepower range. We are going to position it at a very premium price because we think that the product would command that price.
Our overall aspiration would be to beat the last year margins by a handsome margin.
We have about 1,000 cr plus of orders in hand and we also have one tenders which is the value of which is 2,000 cr plus of which we are awaiting the orders and orders would come very soon because tenders have already been won by us.
We believe that this could be start of a new replacement cycle in the CV industry.
We have been successful in getting some price increase in Jan.
We are actually now a national brand in that respect.
We achieved all-time high CV volume revenue profit and cash surplus marking the best annual performance in Ashok Leyland's history.
With full year EBITDA margin at 13% we have now truly entered the teen bracket.
Even if there is a setback this demand is not going to go away permanently it is going to convert into a phantom demand.