An Evaluation of Ashley Alteams India Limited

Abstract

The company “ASHLEY ALTEAMS” comes under the manufacturing industry. Manufacturing is the production of goods for use or sale using labour and machines, tools, chemical and biological processing, or formulation. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale. Such finished goods may be used for manufacturing other, more complex products, such as aircraft, household appliances or automobiles, or sold to wholesalers, who in turn sell them to retailers, who then sell them to end users – the "consumers". Modern manufacturing includes all intermediate processes required for the production and integration of a product's components. Some industries, such as semiconductor and steel manufacturers use the term fabrication instead. The manufacturing sector is closely connected with engineering and industrial design. Ashley Alteams India Limited is a 50:50 Joint Venture between Ashok Leyland, India and Alteams, Finland.