28 May 2016 Current Affairs: Hinduja Group flagship Ashok Leyland has approved the re-appointment of Vinod K Dasari as Managing Director of the company for 5 years from April 1, 2016.
The Board of Directors has approved the re-appointment of Dasari as the company's Managing Director for a term of five years from April 1, 2016, to March 31, 2021, Ashok Leyland said in a regulatory filing.
The re-appointment is subject to the approval of shareholders at the forthcoming annual general meeting (AGM).Ashok Leyland is the second largest manufacturer of commercial vehicles in India.
Ashok Leyland : Ashok Leyland is an Indian automobile manufacturing company based in Chennai, India. Founded in 1948, it is the 2nd largest commercial vehicle manufacturer in India, 4th largest manufacturer of buses in the world and 16th largest manufacturer of trucks globally. Operating six plants, Ashok Leyland also makes spare parts and engines for industrial and marine applications. It sells about 60,000 vehicles and about 7,000 engines annually. It is the second largest commercial vehicle company in India in the medium and heavy commercial vehicle (M&HCV) segment with a market share of 28% (2007–08). With passenger transportation options ranging from 19 seaters to 80 seaters, Ashok Leyland is a market leader in the bus segment.