The company had posted a net profit of Rs 144.49 crore in the same period last fiscal, Ashok Leyland said in a BSE filing.

The company is expecting to maintain growth in the domestic medium and heavy commercial vehicle (M&HCV) market during the year, said Vinod K Dasari, managing director, Ashok Leyland Ltd.

Co-created with drivers and users through an extensive study of their lifestyle, the new Captain 40iT has been designed specifically for Indian requirements, the company's mediastatement stated.

Ashok Leyland reported 7% increase in total sales at 11,108 units in June 2016 against 10,429 units sold in June last year. Total sales of the company rose by 6% in May 2016 to 9,875 units from 9,290 units in a year ago month.

A renewed thrust in international markets in the target clusters would be undertaken with products developed specifically for the identified markets. The capacity of the Ras-Al-Khaimah plant will be almost doubled this year.

The company had sold 9,290 units in May last year.

During the quarter finance cost were lower than a year ago. A few years ago Ashok Leyland said it has diversfied into few areas including light commercial vehicle (with Nissan), construction equipment business (along with US-based John Deere) and in other areas.

The company said the Rs 379.3 crore was provisions for impairment in investments in certain joint ventures as well as overseas subsidiaries. This is in line with its strategy of reviewing its portfolio of investments and rationalising the same to drive focus on the core business.

On the other hand, Toyota Kirloskar Motor said it sold a total of 9,007 vehicles in March, down from 14,325 units sold in March 2015.

The company today announced the sales of Medium and Heavy Commercial Vehicles (M&HCV) reported a growth of 32% at 13,240 units in March, this year compared to 10,027 units during March, last year. The Light Commercial Vehicle (LCV) sales has experienced an increase of 27%, to 3,462 units during March, 2016, from 2,727 units in March, 2015.