Medium and heavy commercial vehicles domestic volume for the quarter was at a record high of 22,061
The new plant in Kenya will serve at least three neighbouring countries, besides catering to local demand
The company expects to maintain growth in domestic M&HCV market this year
The stock dipped 5% to Rs 93.30 in intra-day trade, extending its Monday 2% decline on the BSE.
After a strong FY16, the single-digit volume growth for two months could pressure the stock
Company had sold 10,429 units in June last year
Portfolio rationalisation which is already in process would see the firm exit from non-core and non-performing businesses
New launches, pick-up in industrial activity, buying before BS-IV norms kick in, should boost volumes
The company's national campaign has helped it ride out of a commercial vehicle slowdown in the country over the last few years
The stock was down 4% at Rs 105, falling 6.2% from intra-day high on the BSE.
Total sales of the company rose by 13% to 20,057 units during April to May 2016 from 17,725 units during April to May 2015
The stock moved higher by nearly 6% to Rs 103 on the BSE in noon deal on back of heavy volumes.
Exceptional loss of Rs 379 crore and higher tax cost despite lower finance cost impact numbers
The composite articles are suitable for making structures for use in automobile, aerospace industries
The commercial vehicle maker has boosted its volumes and market shares through a smart mix of higher production, lower costs, culling of non-core assets, and expanding on a national scale
It wants to grow 10-fold in five years through strategic alliances
During 2015-16, total sales grew 34%, stock prices hits 52 week high of Rs 110.9
Thus far in the calendar year 2016, the stock rallied 25% as compared to 3.5% decline in the S&P BSE Sensex.
The company has earlier announced its plans to exit from non-core business and has sold shares in the Bank
Lockheed will provide the base platform for this development