Ashok Leyland CVs

Auto stocks in demand following reports of long queues and brisk bookings at auto dealerships on the first day of the GST 2.0 rollout, with leading brands reporting marked spikes in consumer activity.

Nomura noted that management remains mindful of internal rate of return (IRR) and intends to step up into full-fledged cell manufacturing only if reasonable returns are visible.

The medium and heavy commercial vehicles segment in India is expected to grow in the single digit this fiscal, recovering from a decline of 3 per cent in FY25, a top official of Ashok Leyland said on Tuesday. The Chennai-based firm is planning to grow ahead of the industry this year and is focusing on expanding its presence in North India, the largest market for commercial vehicles (CVs), Sanjeev Kumar, President - M&HCV at Ashok Leyland Ltd, told reporters here. "When you look at last year, the industry volume came down by 3 per cent. Our understanding is that this is the fourth year running. "If you look at the CV industry, generally it stays good for three years, and then itgoes through a downtrend. So we expect the industry to grow, at least in single digit," he said when asked about the industry outlook. The industry growth is expected to be driven by the government investment in infrastructure and tailwinds such as the good performance of core industries, Kumar said. On the

According to analysts at Nuvama, the tractor industry volumes are expected to grow in double digits, with an approximately 16 per cent Y-o-Y increase in the domestic market

Ashok Leyland's Ebitda margin expanded 80 basis points (bps) to 12.8 per cent in Q3FY25, up from 12 per cent in Q3FY24, surpassing Street estimates

Ashok Leyland has unveiled entry-level Light Commercial Vehicle Saathi at Bharat Mobility Global Expo, strengthening its play in the segment. The Hinduja group firm has also presented GARUD 15, a multi-axle, front-engine 15-meter fully-built premium bus, a first in the country. It is designed specifically for long-distance intercity travel for India's diverse road conditions, with 42 sleeper berths. Saathi is built on advanced LNT technology, with 45 HP and torque 110 Nm(newton meters) and has 24 per cent larger loading area with a payload capacity of 1,120 kg. Priced at Rs 6.49 lakh, it has better mileage and its larger tyres ensure both exceptional performance and efficiency, Ashok Leyland claimed. Ashok Leyland has always been a pioneer in the introduction of new technologies in commercial vehicles. Introduction of Saathi reinforces our readiness to lead the transformation in road transport, Executive Chairman Dheeraj Hinduja said. Besides, Ashok Leyland has displayed the ...

The fall in Ashok Leyland share price came on the back of weak October sales numbers

Agreement will empower local bus operators through technology, say the two companies

Year-to-date domestic sales for the ongoing financial year stood at 53,314 units which was up 7% from 49,839 units during the same period last year

Commercial vehicle maker Ashok Leyland on Monday said its total vehicle sales, including exports, jumped 58 per cent year-on-year to 13,625 units in July. The company had sold a total of 8,650 vehicles in the same month last year, Ashok Leyland said in a statement. Sales of Medium & Heavy Commercial Vehicles (M&HCV), which include trucks and buses, rose 113 per cent to 8,148 units last month compared to 3,822 units sold in July 2021. The Light Commercial Vehicle (LCV) segment sales also increased 13 per cent to 5,477 units last month in comparison to July 2021 sales of 4,828 vehicles, Ashok Leyland said. Total domestic sales (M&HCV+LCV) during the previous month stood at 12,715 units, an increase of 56 per cent over 8,129 units in July 2021, the company said.

The commercial vehicles major said its manufacturing plants would be operational only for up to 10 days in the month of June due to lower demand and lockdown in states where its plants were located

Company's Light commercial Vehicle (LCV) sales grew by 20 per cent to 4,567 units from 3,816 units

Auto industry body SIAM has been urging the government to reduce the GST rate on vehicles from 28 to 18 per cent, and to introduce an incentive-based scrappage policy

A good scrappage policy could help improve efficiency of our transport fleet, reduce pollution and also help boost demand, said Vipin Sondhi

M&HCV volume during 2019-20 (April to December) dropped by 36.39 per cent to 1,76,202 units as against 2,78,319 units, a year ago

Dheeraj Hinduja is positive the bad times are over and hopes to see his company become a top-10 CV player going forward

Said performance was remarkable, when industry sales volume was static, amidst demonetisation