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COMPANY PROFILE

Hinduja Group
Hinduja Group is an Indian transnational conglomerate. The group is present in
eleven sectors including automotive, oil and specialty
chemicals, banking and finance, IT and ITS, cyber
security, healthcare, trading, infrastructure project
development, media and entertainment, power, and real estate. The Hinduja
brothers have around US$100 billion of assets around the world. The Hinduja
family has around US$50 billion of assets in America. The current (2022) net worth
of the Hinduja brothers is US$32 billion.

Overview of Ashok Leyland

Ashok Leyland Ltd (Ashok Leyland), a subsidiary of Hinduja Automotive Ltd, is an
integrated automobile company. It offers heavy and medium commercial vehicles
and related components; light commercial vehicles, and power solution systems.
The company has manufacturing facilities in the UAE, Sri Lanka, Bangladesh,
Nigeria, the UK and Kenya, and India. It has joint venture partnerships with
Alteams Group for the manufacture of high-press die-casting extruded aluminum
components for the automotive and telecommunications sectors, and John Deere
for construction equipment. The company also offers financial services mainly
relating to vehicle and housing financing. It serves customers across Africa, the
Middle East, Asia, CIS and Latin America. Ashok Leyland is headquartered in
Chennai, Tamil Nadu, India.
INTRODUCTION

Ashok Leyland is an Indian multinational automotive manufacturer,

headquartered in Chennai. It is owned by the Hinduja Group. It was founded in
1948 as Ashok Motors which became Ashok Leyland in the year 1955. Ashok
Leyland is the second largest manufacturer of commercial vehicles in India (with a
market share of 32.1% in 2016), the third largest manufacturer of buses in the
world, and the tenth largest manufacturer of trucks.

With the corporate office located in Chennai, its manufacturing facilities are
in Ennore, Bhandara, two in Hosur, Alwar and Pantnagar. Ashok Leyland also has
overseas manufacturing units with a bus manufacturing facility in Ras Al
Khaimah (UAE), one at Leeds, United Kingdom and a joint venture with the
Alteams Group for the manufacture of high-press die-casting
extruded Aluminium components for the automotive and telecommunication
sectors. Operating nine plants, Ashok Leyland also makes spare parts and engines
for industrial and marine applications.

Ashok Leyland has a product range from 1T GVW (Overall Vehicle Weight) to 55T
GTW (Overall Trailer Weight) in trucks, 9 to 80-seater buses, vehicles for defence
and special applications, and diesel engines for industrial, genset and marine
applications. In 2019, Ashok Leyland claimed to be in the top 10 global
commercial vehicle makers. It sold approximately 140,000 vehicles (M&HCV and
LCV) in 2016. The company has passenger transportation options ranging from 10
seaters to 74 seaters (M&HCV = LCV). In the trucks segment, Ashok Leyland
primarily concentrates on the 16 to 25-ton range and has a presence in the 7.5 to
49 ton production range.
LITERATURE REVIEW

Gary W.selnow(2003) examined various approaches to promote retirement

investment .His study found that automatic enrolment has a good chance of
overcoming the natural impediments to wise decisions about retirement
investments.

Douglas A.Hersahey and Hendrik p. Van Dalen(2006)in the study explored the
Psychological mechanisms that underlie the retirement planning and saving
tendencies of Dutch and American Workers the research suggests that policy
analysts should take into account both individual and cultural differences in the
psychological predispositions of workers when considering Pension reforms that
stress individual responsibility for planning and saving.

M.Kabir Hassan and Dr.Shari Lawrance (2007) conducted a survey on “An Analysis
of Financial preparation for Retirement ''. In this study, the researcher analyzes
the financial preparation for retirement. Regarding retirement plan contributions,
the findings indicate significant positive effects regarding income and
womanhood .Education is significant and positive as a predictor for the decision
to contribute to a pension plan for women in their their thirties, Thus supporting
the hypothesis of a significant positive relationship between education and
pension plan contributions.
OBJECTIVES

1. Ashok Leyland Ltd aims to expand its presence in the growing

light commercial vehicle (LCV) market in India and other countries on the
back of the all-new and modular Phoenix platform. Several new LCV
models, including electric vehicles, are planned on the in-house developed
platform as the company looks to plug gaps in its product portfolio while
covering a larger market globally.

2. The company launched a new LCV range called Bada Dost in two variants –
i4 and i3 in 3-3.5 ton gross vehicle weight (GVW) categories on Monday
with a starting price of ₹7.75 lakh (ex-Mumbai). The LCVs are initially
launched across 7 states and the availability will be scaled up pan-India over
the next 3 months.

3. While the new platform will help Ashok Leyland consolidate its presence in
the domestic LCV market, the company plans to build right hand (RHD) and
left hand drive (LHD) variants on the same to expand its overseas footprint.

4. In order to tap additional opportunities in the global markets with this

platform, the company is also planning to develop delivery vans, said Seth.

5. “Vans are also being planned on this platform as globally delivery vans are
a big market," he added.
RESEARCH METHODOLOGY

Research methodology is the specific procedures or techniques used to

identify, select, process, and analyse information about topic. In a research
paper, the methodology section allows the reader to critically evaluate a
study’s overall validity and reliability.

Primary Data Sources:-

The sources of primary data includes:-

1.Interview data:- For having information regarding historical background and

future development of the bank researcher has interview chief accountant
and author of the bank .

2.Direct Personal Investigation:- In personal investigation the manager of state

bank of India , finance department have been interviewed to collect data.

Secondary Data Sources:-

The sources of secondary data includes:-

• Books

• Websites

• Journals

• Magazines

• Newspapers

• Annual Reports
HYPOTHESIS
DEFINITION: -

“Hypothesis can be defined as a tentative generalization of the validity of

which remains tested. In this, most elementary stage, the hypothesis may be
guess, imaginative ideas, which becomes the basis for action or
investigation.”

- There are two types of Hypothesis: -

1. Null Hypothesis (Ho)

2. Alternative hypothesis(H1)

Null Hypothesis(Ho) of my project is that,

❖ The financial performance of Ashok Leyland company is

satisfactory.

❖ There is a scope of financial performance in Ashok Leyland

company.

❖ There is the study of financial performance in Ashok Leyland

company.

Alternative Hypothesis(H1) of my project is that

❖ The financial performance of Ashok Leyland company is not

satisfactory.

❖ There is no scope of financial performance in Ashok Leyland

company.

❖ There is no study of financial performance in Ashok Leyland

company.
CONCLUSION

The study reveals that the financial performance is fair. It has been maintaining
good financial performance and further it can improve if the company
concentrates on its operating, Administrative and selling expenses and by
reducing expenses. The company should increase sales volume as well as gross
profit. Despite price drops in various products, the company has been able to
maintain and grow its market share to make strong margins in market,
contributing to the strong financial position of the company. The company was
able to meet its entire requirements for capital expenditures and higher level of
working capital commitment with higher volume of operations and from its
operating cash flows.
CHAPTERISATION

Chapter 1:- Company Profile

Chapter 2:- Introduction

Chapter 3:- Literature Review

Chapter 4:- Objectives

Chapter 5:- Research methodology

Chapter 6:- Hypothesis

Chapter 7:- Conclusion

Chapter 8:- Bibliography

Chapter 9:- Annexure .

BIBLIOGRAPHY

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Publications, Trichy.
[2]. Management Accounting -Dr. M. Sheik Mohaned, Dr. E.Mubarak Ali, Dr.
M.Abdul Halleem -Raja publications – Reprint 2012.
[3]. Management Accounting – R.S.N. Pillai, Bagavathi -S. Chand & company Ltd
December 2005.
[4]. Research Methodology – P. Saravanavel – Kitabmahal Allahabad.
[5]. Research Methodology – G.R. Kothari -Second Edition Jaipur -May 1990.
Financial Management -Sawalia Bihari verma – AsianBooks privaid ltd 2010.
[6]. Financial Management – C. Paramasivan, T. Subramanaian – New age
international Publishers2009.
[7]. Advanced Management Accounting – Prof. Jawahar Lal – S.Chand & Company
Ltd – New Delhi.
[8]. Management Accounting – V.K. Saxena, C.D. Vashist – Surtan Chand & Sons –
New Delhi.
[9]. Management Accounting – TS. Reddy, Y. Hari Prasad, Reddy – Margham
Publications Chennai.Journal :
[10]. Indian Journal of finance -Dr Ashok Khurana – November 2009.[11].
International journal of Business& Social Science Vol.3 NO.14 (Special issue Jully
2012).