In the past one month, Ashok Leyland has outperformed the market by surging 18 per cent, as compared to 1.3 per cent decline in the BSE Sensex.
Hinduja Group Chairman Dheeraj Hinduja on Friday said Ashok Leyland is aiming to be among the world's top 10 commercial vehicle manufacturers, as the company inaugurated its first manufacturing facility in Uttar Pradesh. Speaking at the inauguration of Ashok Leyland's state-of-the-art electric vehicle (EV) manufacturing plant here, Hinduja said the new facility marked a significant milestone for both the company and the state. "This is our first manufacturing facility in Uttar Pradesh and it stands as a symbol of what can be achieved when vision is matched by decisive action," he said. The plant, with an annual capacity of 5,000 vehicles, was inaugurated by Defence Minister Rajnath Singh and Chief Minister Yogi Adityanath in the presence of Union Heavy Industries Minister H D Kumaraswamy and other senior leaders. Hinduja praised Uttar Pradesh's modern infrastructure, improved connectivity, strong law and order situation and responsive administration, saying these factors have made
In the past one week, the Nifty Auto index has outperformed the market by surging 5.4 per cent, as against 1.7 per cent gain in the Nifty 50.
Ashok Leyland and TVS Motor Company hit their respective all-time highs, while, M&M was close to its record high level
Among others - Ashok Leyland, India Cements, Laurus Labs, Federal Bank, Shriram Finance, Hindalco, Vedanta and NALCO shares were also trading at life-time highs in Monday's trading session.
At 2:24 PM, with ₹1.01 trillion market cap, Ashok Leyland was quoting 3 per cent higher at ₹171.15 on the BSE, the exchange data showed
In the past six months, the stock price of Ashok Leyland rallied 42 per cent, as against 3.7 per cent rise in the BSE Sensex and 17 per cent surge in the BSE Auto index.
Brokerages remain positive on the long-term prospects of Ashok Leyland, factoring in a gradual recovery in the MHCV industry momentum and segmental diversification.
Hinduja Group flagship Ashok Leyland has unveiled a next-generation series of compact engines at EXCON 2025, offering higher performance and enhanced efficiency, a top official said on Tuesday. The new engine rangeP15 (49 and 55 HP) and H4 Unipack (55 and 74 HP)is manufactured at the company's facilities and aligned with global quality standards. Fully compliant with the latest CEV (Construction Equipment Vehicle) Stage V emission norms, the engines are designed for high performance, improved fuel efficiency and long-term reliability across off-highway and industrial applications, the Chennai-headquartered company said in a statement. Ashok Leyland President for Light Commercial Vehicles, International Operations, Defence and Power Solutions, Amandeep Singh, said, "Our customers need solutions that keep their operations running smoothly and cost-effectively." "The new P15 and H4 Unipack engines deliver higher power, better fuel efficiency and proven reliability. This launch ...
With GST rationalisation & pick up in government capex, CV volumes are likely to improve going forward (expectations of positive YoY growth in FY26), according to ICICI Securities.
Tata Motors will likely maintain its dominant share of India's CV market, with support from India's economic growth, and favorable infrastructure and construction spending.
Ashok Leyland's board has approved the scheme of merger of Hinduja Leyland Finance Limited (HLFL) into NDL Ventures Limited
The management of Ashok Leyland expects demand to improve post-monsoon, led by strong traction in heavy-duty trucks for mining, construction, and logistics.
Celcius will invest ₹100 crore in refrigerated electric trucks and charging infra; launches 'Celcius Green' vertical to create a zero-emission cold logistics network.
The Hinduja Group automobile company - Ashok Leyland stock was quoting higher for the fourth straight trading day, and surged 6 per cent during the period.
Shenu Agarwal said India's CV industry is poised to surpass the FY19 peak in FY26, supported by GST measures and robust retail demand despite short-term market complexities
In the past one month, the BSE Auto index has outperformed the market by soaring nearly 15 per cent, as compared to 1.4 per cent gain in BSE Sensex.
The Hinduja Group will target cell and battery manufacturing for Tamil Nadu's EV ecosystem, while AstraZeneca will invest ₹716 crore to expand its Chennai innovation and tech centre
Ashok Leyland's partnership with China's CALB will drive next-gen battery manufacturing for EVs and energy storage, with ₹5,000 cr investment
Commercial vehicle maker Ashok Leyland on Monday said it will invest Rs 5,000 crore over the next ten years in the development of next-generation batteries for both automotive and non-automotive applications, including energy storage systems. The initiative will not only provide for the company's and its subsidiary Switch's own electric vehicle portfolio but will also cater to non-captive demand in the entire automotive sector, as well as in the energy storage sector, the Hinduja group flagship said in a statement. This business would entail investments of more than Rs 5,000 crore over the next 7-10 years, it added. The company said it has entered into a long-term exclusive partnership with CALB Group, one of the foremost battery technology companies in China. "Ashok Leyland is deeply committed to shaping the future of sustainable mobility in India in full alignment with the government's vision. Our strategic partnership with CALB is a significant step towards creating a localised