Page 2 - Ashok Leyland Auto

Ashok Leyland lines up ₹5k cr investment to localise battery ecosystem

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

Hinduja Group's Ashok Leyland set to rev up West Asia growth plans

Chairman Dheeraj Hinduja told Business Standard that the company is in the final stages of coming up with a new unit in the region

Ashok Leyland Q1 profit rises 19% on record CV sales, cost control

Ashok Leyland Q1 FY26 profit rose to ₹657.72 crore on record CV volumes, improved market execution and cost discipline, with revenue up 9.5% and exports at an all-time high

Ganesh Mani to take charge as Switch India CEO, effective September 1

The company said that its current CEO, S Mahesh Babu, has decided to step down from his position to pursue opportunities outside the group, effective August 31, 2025

Ashok Leyland sees single-digit growth in medium, heavy vehicle segment

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

Ashok Leyland records 5% rise in sales of trucks, buses, LCVs in May 2025

Ashok Leyland, the flagship company of Hinduja group, has recorded a 5 per cent rise in its sales of trucks, buses and light commercial vehicles, in domestic and overseas markets in May by selling 15,484 units, the company said on Monday. The city-headquartered heavy commercial vehicle major had retailed 14,682 units in the same segment in the same month of last year. In the domestic market, the total vehicle sales in May 2025 grew by around 5 per cent to 14,534 units from 13,852 units sold in the same month of last year. The cumulative sales till May during this fiscal remained flat at 28,905 units, as against 28,953 units sold in the same period (April-May) of last year. Sales of medium and heavy commercial vehicles in domestic and overseas markets grew by around 11 per cent in May 2025 to 10,282 units, as compared to 9,243 units sold in the same month of last year. The cumulative sales of medium and heavy commercial vehicles, in domestic and overseas markets in April, May this

Demand and margin gains to power M&CV company Ashok Leyland's stock

Ashok Leyland's strong Q4 led by 5% volume growth and margin gains; focus on exports, non-CV business and cost control to support performance in FY26

Ashok Leyland shares trade range-bound post Q4 results, declares 1:1 bonus

Management remains optimistic about FY26E, expecting growth across all CV segments, supported by favourable macro conditions, infrastructure push, and rising fleet replacement demand

Ashok Leyland Q4 profit jumps 32% to ₹1,130 crore, bonus shares announced

The total dividend declared for the financial year amounts to ₹6.25 per share

Grasim, Ashok Leyland and HDFC AMC top stock calls today; check levels here

Grasim, Ashok Leyland and HDFC AMC are among the top stock calls for Friday (May 16), according to Motilal Oswal's Ruchit Jain

Ashok Leyland partners with Nagaland Rural Bank for vehicle financing

Hinduja Group flagship company Ashok Leyland has signed a Memorandum of Understanding with Nagaland Rural Bank to provide customised vehicle financing solutions to its customers, a senior company official said. The Memorandum of Understanding would focus on meeting customer needs by providing vehicle loans with monthly repayment plans based on their preferences. "At Ashok Leyland, we are dedicated to continuously enhancing customer experience and delivering greater value in our products and services. Nagaland Rural Bank is a regional rural bank with a strong presence in the State." Ashok Leyland CFO Balaji K M said. "With this partnership in place, our customers in the region will have access to comprehensive financing solutions with specially curated easy repayment plans," he said. Ashok Leyland Head-Treasury and Direct Taxation C Neelakantan exchanged documents with Nagaland Rural Bank Chairman Velayutham Sadhasivam as part of the MoU, a company statement here said on ...

Ashok Leyland's defence unit bags orders worth Rs 700 cr from Indian Army

Contracts are for diverse range of vehicles combining 'superior reliability with exceptional off-road capability'

Ashok Leyland's defence business bags multiple orders worth Rs 700 cr

With these orders, Ashok Leyland has further strengthened its position as a leader in advanced land mobility solutions for the armed and paramilitary forces

Ashok Leyland's Q3 margin surprises Street; analyst mixed on future growth

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 Q3 results: Net profit rises 36% to Rs 762 cr, revenue up 8%

Ashok Leyland Q3 FY25 results: Consolidated revenue from operations rose to Rs 11,995 crore in the October-December quarter

Ashok Leyland unveils entry-level light commercial vehicle 'Saathi'

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 ...

Eicher Motors to Maruti Suzuki: Auto stocks race on December sales boost

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.

Ashok Leyland strengthens retail presence in east with West Bengal outlet

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 ...

Ashok Leyland shares drop over 3% as October sales disappoint; details here

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

Ashok Leyland partners with Japan's Nidec to develop e-drive motors

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