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small trader  [ Belongs to: Silver Circle ]

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Joined on: 22nd Oct 2003
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Ashok Leyland

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End of domestic bus and truck companies

Ashok Leyland

Posted by : small trader

Date :3rd Nov, 2009 - 14:00

BSE: Rs 47.55 ( 4.62 % ), NSE: Rs. 47.50 ( 3.94 % )
Major market chunk of transport bus has now been taken by Volvo and Merc with their entry. players like AL are now more into intercity buses. On the transport side their trucks are still strong but are going to face strong competition again from international companies. This is just fundamental not indicating what the stock is going to do in the short term but more about where its headed and the challenges. The bus market is almost lost. The truck market is what they need to hold on to........

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