Page 10 - Ashok Leyland

Ashok Leyland, Cholamandalam ink pact to offer dealer financing solutions

Hinduja group flagship Ashok Leyland on Tuesday said it has entered into a strategic partnership with Cholamandalam Investment and Finance Company Ltd to offer financing to dealers. The alliance between the automotive major and the financial institution aims to provide 130 Ashok Leyland dealerships nationwide with an array of comprehensive inventory funding options to address working capital requirements of dealers. "This MoU will facilitate financing solutions for Ashok Leyland's dealers, wherein Cholamandalam will offer its range of financial products across the country," the heavy commercial vehicle maker said in a statement here. "Our dealerships are an essential touchpoint for our customers and play a key role in providing them with the best experience in terms of sales and after-sales support. Hence it is imperative for us to support them in maintaining a good inventory continuously," Ashok Leyland International Operations, Defence and Power solutions President (LCV) Amandeep

Ashok Leyland total sales decline 1% on-year at 13,134 units in May

Commercial vehicles maker Ashok Leyland on Thursday reported a 1 per cent decline in total sales at 13,134 units in May. The company had posted total sales of 13,273 units in May 2022, Ashok Leyland said in a statement. Domestic sales were lower by 1 per cent last month at 12,378 units as against 12,458 units in the year-ago period, it added. Exports were at 756 units as compared with 815 units in May last year, down 7.23 per cent.

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Stocks to watch on May 24, 2023: Cummins, Hindalco, India Cements, LIC, National Aluminium, Nykaa and Oil India among prominent companies scheduled to announce Q4 results on Wednesday.

Sensex, Nifty end flat; Adani shares rally for 3rd day, SpiceJet sinks 14%

Stock market live updates: The SGX Nifty, on Tuesday, indicated a firm start as it quoted 18,359 levels, up 24-odd points

Ashok Leyland Q4 results: Profit falls 17% to Rs 751 crore, revenue up 33%

The company's consolidated revenue from operation rose by 32.95 per cent to Rs 11,626 crore for the March quarter

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Stocks to watch on May 23, 2023: Amara Raja Batteries, Ashok Leyland, Biocon and NMDC among prominent companies to announce Q4 results on Tuesday

Ashok Leyland Apr sales rise 10% to 12,974 units, exports marginally down

Commercial vehicles maker Ashok Leyland on Tuesday reported a 10 per cent increase in total sales at 12,974 units in April 2023, as compared to the same month last year. The company had registered total sales of 11,847 units in the same month a year ago, Ashok Leyland said in a regulatory filing. Domestic sales also rose 10 per cent last month at 12,366 units, as compared to 11,197 units in April 2022. Exports were marginally down at 608 units last month, as compared to 650 units in the year-ago period.

Ashok Leyland takes digital route with 'Re-AL' to tap used vehicle biz

Hinduja Group flagship company Ashok Leyland has rolled out an e-marketplace 'Re-AL' for used commercial vehicles segment, the automajor said on Saturday. The e-marketplace facility would help customers to exchange their existing vehicles and upgrade to a truck or a bus offered by Ashok Leyland. "The used commercial vehicle industry is ripe for disruption. Leveraging our digital platform, there are many opportunities for us to provide customer centric solutions," Ashok Leyland MD and CEO Shenu Agarwal said. The city-based heavy commercial vehicle maker, in a statement, said it hopes to increase transparency in the otherwise disorganised used vehicle ecosystem. The digital service would offer customers with a range of features allowing them to select preferred vehicles of their choice along with validated documents. "This used vehicle e-marketplace solution marks a significant milestone in our digital transformation journey," the CEO said. Ashok Leyland President, Medium and Heavy

From Bandhan Bank to Ashok Leyland, stocks ripe for cherry-picking

With indices getting back on their feet, can stocks be far behind? Here is the list of 10 such stocks from BSE 100 with huge upside promise for investors willing to ride out any potential volatility

At 23,926 units, Ashok Leyland reports 19% rise in sales in March 2023

Hinduja Group flagship Ashok Leyland has reported a 19 per cent rise in its sales in domestic and overseas markets at 23,926 units, the company said on Monday. The city-based heavy commercial vehicle maker had sold 20,123 units in the corresponding month of last year. Cumulative sales made by the auto major till March 2023 grew by 50 per cent to 1,92,205 units from 1,28,326 units sold in the corresponding period of last year, Ashok Leyland said in a statement. Total sales of medium, heavy and light commercial vehicles sold in March in the domestic market grew by 23 per cent to 22,885 units from 18,556 units sold in the same month of last year. Cumulative sales of medium, heavy and light commercial vehicles till March in the domestic market grew by 54 per cent to 1,80,916 units from 1,17,312 units made last year, the company said.

Ashok Leyland MHCV volume 91% in FY23, sees industry demand gaining

Company increases market share in commercial vehicle segment, credits 'development initiatives in key industries'

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Stocks to watch today: From Sona BLW to Bank of Baroda, here are few stocks to watch out in Monday's trade

Ashok Leyland unveils all-women production line at Tamil Nadu plant

Heavy commercial vehicle maker Ashok Leyland has unveiled a new production line that would produce engines at its manufacturing facility in Hosur completely operated by women employees, the company said on Friday. The initiative to introduce an all-women production line is to promote women empowerment and encourage them take up roles in manufacturing industry. Ashok Leyland, the flagship company of Hinduja Group, has set up this new line with 80 women employees. "At Ashok Leyland, diversity and inclusion has always been a priority, and we have been providing equal opportunities irrespective of gender and ethnicity. Giving women these opportunities would enhance not only their lives, but also the lives of their families and community," Ashok Leyland Managing Director and CEO Shenu Agarwal said. "This initiative is in line with our brand philosophy of 'Koi Manzil Door Nahin' as we aim to up skill and generate employment for these women..we recognise the importance of establishing a ..

Improving outlook, upgrades to keep wheels turning for auto companies

In addition to volumes, margins, too, are expected to expand

Switch Mobility, JBM among 6 firms to supply 6,465 electric buses

Ashok Leyland's Switch Mobility, global giant JBM Group among winners; Delhi to get highest share of 3980 buses

Stocks to Watch: Tata Steel, Hindalco, JK Paper, Muthoot Fin, Adani Ports

Stocks to Watch: Tata Steel reported a consolidated net loss of Rs 2,223.84 crore in the December quarter (Q3FY23) on the back of a sharp drop in realisations in Europe

RIL, Ashok Leyland unveil first hydrogen combustion-driven heavy-duty truck

Flagged off by PM Modi at India Energy Week, the vehicle was developed over the past one year and has been under test since August 2022

Delay in fund raising helped improve Switch valuation: Dheeraj Hinduja

Ashok Leyland, the flagship company of the Hinduja Group and commercial vehicle major, is all set to come out with the electric versions of light commercial vehicles Bada Dost and Dost this year

Ashok Leyand shares climb 5% after firm reports jump in Q3 profits

Shares of Ashok Leyand on Thursday climbed 5 per cent after the firm reported a multi-fold jump in its profit after tax for the third quarter ended December. The stock climbed 5 per cent to Rs 155.10 on the BSE. At the NSE, it advanced 4.94 per cent to Rs 155. In a volatile trade, the 30-share BSE benchmark traded 48.36 points higher at 59,756.44. Hinduja group flagship Ashok Leyand on Wednesday reported a multi-fold jump in its profit after tax at Rs 361 crore for the third quarter ended December, aided by robust sales. The company had posted a profit after tax of Rs 6 crore in the October-December quarter of previous fiscal. Revenues for the quarter stood at Rs 9,030 crore over Rs 5,535 crore in the year-ago period, the company said in a statement. Ashok Leyland said its domestic Medium and Heavy Commercial Vehicle volume rose to 28,221 units, up 69 per cent, over the same period last year. The company's domestic LCV volumes for the third quarter rose to 16,405 units, up 15 p

Ashok Leyland posts multi-fold jump in Q3 PAT to Rs 361 cr on robust sales

Hinduja group flagship Ashok Leyand on Wednesday reported a multi-fold jump in its profit after tax at Rs 361 crore for the third quarter ended December, aided by robust sales. The company had posted a profit after tax of Rs 6 crore in the October-December quarter of previous fiscal. Revenues for the quarter stood at Rs 9,030 crore over Rs 5,535 crore in the year-ago period, the company said in a statement. Ashok Leyland said its domestic Medium and Heavy Commercial Vehicle volume rose to 28,221 units, up 69 per cent, over the same period last year. The company's domestic LCV volumes for the third quarter rose to 16,405 units, up 15 per cent from 14,233 units a year ago, it added. "We have been able to achieve growth in market share on a pan India basis together with significant improvement in net profits. Our team continues to pursue better realisations even as we expand our market share. This, along with our continued focus on optimising input costs, has helped us achieve better