Ashok Leyland Electric Buses

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'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 subsidiary bags order for 500 electric buses from Chennai MTC

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

Ashok Leyland plans to invest Rs 1,200 crore into Switch Mobility

In September 2023, Switch India launched its state-of-the-art e-LCVs

Ashok Leyland wins order for 1,282 buses from Gujarat state transporter

This order, one of the largest by a state transport undertaking for a single original equipment maker (OEM), will help Ashok Leyland strengthen its dominant position in the Indian bus market

CESL accelerates on the green track, opens bids for 6,465 electric buses

The subsidiary of a joint venture owned by four public sector power companies is moving rapidly to enable the creation of a transport ecosystem based on renewable energy

Ashok Leyland arm Switch Mobility to raise $300 mn, unveils e-bus platform

Firm currently has orders for over 600 buses, is betting big on govt tenders and sees market for e-buses growing 10x in next 2-3 years

Ashok Leyland Q4 net profit drops 58% to Rs 158 cr; revenue jumps 22%

Hinduja group flagship Ashok Leyland on Thursday reported a 58.14 per cent decline in consolidated net profit at Rs 157.85 crore in the fourth quarter ended March 2022, pulled down by higher expenses. The company had posted a consolidated net profit of Rs 377.13 crore in the same quarter of the previous fiscal, Ashok Leyland said in a regulatory filing. The commercial vehicles maker posted a consolidated revenue from operations at Rs 9,926.97 crore in the fourth quarter as compared to Rs 8,142.11 crore in the year-ago period. Total expenses were higher at Rs 9,429.55 crore as against Rs 7,831.21 crore earlier, with cost of materials and services shooting up to Rs 6,580.81 crore from Rs 5,481.04 crore in the corresponding quarter of the previous fiscal. The company also incurred exceptional items outgo of Rs 266.71 crore in the fourth quarter on various fronts, including impairment in value of goodwill and net assets of subsidiaries, loss of valuation of investment and voluntary ...

Ashok Leyland's Switch Mobility to invest Rs 1,000 cr in new plant in south

The company is also in talks with financial investors to raise over $200 million for its expansion

Ashok Leyland arm Switch Mobility to supply 300 e-buses to Bengaluru

The fleet and charging infra will be supplied, run and maintained by Switch for 12 years on gross cost contract (GCC) basis under the FAME II Scheme

Ashok Leyland launches India's first 14-wheeler DTLA truck AVTR 4120

Company claims it is India's first 4-axle truck with 40.5 tonne GVW

Ashok Leyland, ABB Power Grids team up for electric buses in India

Ashok Leyland will develop and manufacture electric buses with ABB's award-winning TOSA flash-charging technology along with operational support and service

Ashok Leyland to have three-pronged approach for electric buses

It's bullish on electric vehicle segment as govt is keen to buy around 20-25k electric vehicles