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Commercial vehicle maker Ashok Leyland Ltd on Friday reported a 1.5 per cent increase in consolidated net profit at Rs 667.77 crore for the first quarter ended June 30, 2026. The company had posted a consolidated net profit of Rs 657.72 crore in the corresponding period of the previous fiscal, Ashok Leyland Ltd said in a regulatory filing. Consolidated revenue from operations stood at Rs 13,069.59 crore in the quarter under review as against Rs 11,708.54 crore in the year-ago period, it added. The company's board has approved an investment of up to 25 million pounds (approximately Rs 325 crore) in its UK subsidiary Optare Plc. and another up to Rs 500 crore in equity shares of Hinduja Housing Finance Ltd through secondary purchase of shares. Total expenses in the quarter under review were higher at Rs 12,314.66 crore as compared to Rs 10,920.53 crore in the same period a year ago, the company said. During the quarter, the company said it posted its highest ever commercial vehicles
Hinduja group flagship firm Ashok Leyland expects the domestic commercial vehicles market to grow in single digit this fiscal as demand continues to be buoyant despite headwinds due to the West Asia war. The diesel price hikes have had an impact on demand initially but have now stabilised, Ashok Leyland President MHCV, Sanjeev Kumar, told PTI here. "First half growth will be better, but when it comes to the second half, because of the base effect, growth percentage is lower. Overall, it should be single-digit growth," he said. Kumar was responding to a query on the growth outlook for the ongoing fiscal for the commercial vehicles industry. In the first two months of the fiscal, there were challenges, and then there was improved market sentiment in June, he added. "Now we are again seeing some challenges. Having said that, overall we are optimistic...," Kumar noted. The overall expectation is that the market continues to be good, he said, adding, "we are hopeful that the second qu
Hinduja Group flagship company Ashok Leyland on Monday said it has partnered with vehicle recycling firm Rosmerta Recycling for scrapping of old commercial vehicles in the country. Through its nationwide dealer network, Ashok Leyland said, it will facilitate seamless access to Rosmerta Recycling's authorised scrappage facilities, offering customers a convenient, end-to-end scrapping of the vehicle, including support with deregistration and other statutory documentation. Gurugram-based Rosmerta Recycling operates Registered Vehicle Scrapping Facilities (RVSFs) across India, facilitating safe, compliant and environmentally responsible dismantling of end-of-life vehicles while maximising material recovery and advancing the circular economy, Ashok Leyland said. The move is in line with the central government's voluntary vehicle modernisation programme, which encourages the replacement of older, polluting vehicles with cleaner and more efficient alternatives, the company said. It also .