After several rounds of talks among Bajaj Autos‘ management and workers‘ union at Chakan, it is likely that the strike may have been called off.
The higher excise levy to 12% proposed in the Budget was expected to impact many auto companies, including Ashok Leyland.
Ashok Leyland is targeting volume sales of between 1.1-1.2 lakh vehicles for financial year 2011-12. The company's CFO K Sridharan said that total volume sales for the current financial year was likely to be around 94,000 vehicles—1,000 vehicles short of the target that the company had set for itself.