Commercial vehicle maker expects international sales to expand as it launches new products
The management said sales in international markets are showing strong growth, and expect this momentum to accelerate with the launch of new products.
Ashok Leyland Q3 FY25 results: Consolidated revenue from operations rose to Rs 11,995 crore in the October-December quarter
Q3 FY25 company results, February 12: PFC, RFC, Mamaearth, Dominoes, and Godrej Industries will be among 498 companies to release their performance report for the Oct-Dec quarter
Two-wheeler maker Suzuki Motorcycle India on Monday said its total sales spiked 14 per cent at 108,921 units in January over the same month of last year. The company, which is the two-wheeler arm of the Japanese auto major Suzuki Motor Corporation, had sold a total of 95,762 units in January 2024, Suzuki Motorcycle India Pvt Ltd said in a statement. The domestic sales during the previous month was up 9 per cent 87,834 units compared to 80,511 units sold in the same month last year while the exports saw a strong 38 per cent year-on-year growth, reaching 21,087 units in January 2025, as against 15,251 units in the period year-ago, the company said. Suzuki Motorcycle also added that with the close of January 2025, it has achieved cumulative sales of 10,40,025 units in FY 2024-25 so far, surpassing its annual production capacity of 10 lakh units.
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 ...
Agarwal talks about the new product, alternate fuels plans, and export roadmap
Eicher Motors said it has launched some category-defining motorcycles through the year and it is encouraging to see the response to its recently launched motorcycles both in India and int'l markets.
Technical charts show the Nifty Auto index can potentially rally another 10% to 26,180 levels; while select stocks such as M&M, Tata Motors and Ashok Leyland can surge up to 15%.
Hinduja Group flagship company Ashok Leyland has set up a light commercial vehicle dealership in West Bengal, as part of plans to expand its footprint in the eastern region. With the setting up of new facility in Siliguri, the light commercial vehicle distribution network grew to more than 800 touch points, Ashok Leyland said. "We are excited to further strengthen our presence in this region. West Bengal and Eastern India at large, have been a key market for us. We have always recognized the potential this region has and we are excited about the opportunities that lie ahead in this geography. We have been working on creating a strong foothold in this region, and the new dealership in Siliguri will bolster our presence," said company Head-Light Commercial Vehicle Business, Viplav Shah in a statement on Thursday. The new channel partner 'Happie Trucking' has a sales facility at Eastern Bypass Road, SBM Warehouse, Siliguri while service and spares facility in Thakur Nagar, New ...
Hinduja expects Switch India to achieve Ebitda (earnings before interest, taxes, depreciation, and amortisation) break-even during the current financial year
Switch Mobility has order book of over 2,000 vehicles, including an order for 500 electric buses from MTC Chennai
Despite strong profits, total income dipped by 2 per cent to Rs 11,262.84 crore during the quarter, compared to Rs 11,463.03 crore in Q2 FY24
Hinduja Group flagship Ashok Leyland announced on Friday a consolidated profit of Rs 766.55 crore for the July-September 2024 quarter. The city-based heavy commercial vehicle maker had registered a consolidated profit of Rs 550.65 crore during the corresponding quarter of the previous financial year. The consolidated total income during the quarter rose to Rs 11,261.84 crore, up from Rs 10,754.43 crore in the year-ago period. In a statement on Friday, the company said it maintains over 31 per cent market share in the domestic medium and heavy commercial vehicle segment. "Our focus on profitability continues. We are pleased to have improved our profitability by premiumising our products, addressing cost-reduction opportunities, and continuously enhancing our customer service standards," said managing director and CEO Shenu Agarwal. "Our PAT (profit after tax) for Q2FY is at an all-time high. Our EBITDA (earnings before interest, taxes, depreciation, and amortization) margins have .
The fall in Ashok Leyland share price came on the back of weak October sales numbers
Of the total, 400 buses will be non-AC and 100 will feature air conditioning, all designed to accommodate 37 seated passengers and 24 standing passengers
On Monday, the company commenced the delivery of the largest single order of electric trucks in India to Billion Electric Mobility, a member of Group BillionE
Hinduja Group flagship company Ashok Leyland on Monday began delivery of electric trucks to Billion Electric Mobility (Member of Group BillionE), a top official said on Monday. The city-based company had bagged a contract to supply 180 electric trucks to Group BillionE which would be operated in the Chennai-Bengaluru, Chennai-Vijayawada routes. At a function held at the corporate office of the Ashok Leyland here, the first set of AVTR 55 tonne, BOSS 19 tonne and BOSS 14 tonne electric trucks were flagged off by the Ashok Leyland MD and CEO Shenu Agarwal, Billion E-Mobility Founder and CEO Kartikey Hariyani in presence of Chief Technology Officer N Saravanan, Medium and Heavy Commercial Vehicle President Sanjeev Kumar, among others. "Ashok Leyland is proud of its partnership with BillionE Group as we commence deliveries of our AVTR 55Tonne Electric and BOSS ICV Electric trucks. We are equally proud that in both BOSS and AVTR electric platforms, we have packed the most advanced and ..
Ashok Leyland will continue to source motors from Nidec for its existing electric vehicle line-up, while also collaborating on research and development for future electric solutions
Commercial vehicle maker Ashok Leyland on Thursday said it has entered into a partnership with Japanese firm Nidec for developing e-drive motors for commercial vehicles. Under the multi-pronged collaboration, the two partners will work to establish a Centre of Excellence (CoE) for Electric Drive Units (EDUs), which will focus on developing motor technologies and power electronics systems for EVs, along with innovations in gear-shifting mechanisms, Ashok Leyland said in a statement. "This collaboration allows us to co-develop, innovative e-drive motors specifically designed for the unique demands of India's commercial vehicle market, while significantly advancing our electric mobility capabilities," said Shenu Agarwal, Managing Director and CEO at Ashok Leyland. The collaboration will also involve joint research and development efforts, with both companies contributing to skilling, lab infrastructure, and defining novel, differentiated motor technologies for the EV portfolio of Ashok