Page 12 - Ashok Leyland

Ashok Leyland total vehicle sales jumps 51% to 14,121 units in Aug

Commercial vehicle maker Ashok Leyland's total vehicle sales, including exports, grew 51 per cent on an annual basis to 14,121 units in August, the company said on Thursday. The Hinduja Group flagship had sold a total of 9,360 vehicles in August 2021. The total medium and heavy Commercial Vehicle (M&HCV) sales were up 81 per cent year-on-year and touched 8,379 units from 4,632 units sold in August 2021, with truck volumes growing 70 per cent at 7,325 units, as against 4,297 units a year ago. The light commercial vehicle (LCV) sales volumes stood at 5,742 units during August, growing 21 per cent over 4,728 vehicles in the same month last year, it added. The domestic vehicle sales increased 58 per cent to 13,301 units in the month under review, from 8,400 units in the year-ago period, the company said.

Ashok Leyland rallies 5% on bagging order for 1,400 school buses in UAE

The stock surpassed its previous high of Rs 158.15 touched on August 1, 2022. It was trading close to its record high of Rs 168 touched on May 8, 2018

Stocks to watch: Biocon, SpiceJet, PNB, NTPC, Ashok Leyland, Coffee Day

Stocks to watch today: Biocon received 11 observations in Form 483 for their Bengaluru and Mayalsia facilities from the USFDA; Ashok Leyland won orders from major fleets for 1,400 school buses in UAE.

Ashok Leyland bags mega order for fleet of 1,400 school buses in UAE

Ashok Leyland, the flagship brand of the Hinduja Group, on Wednesday announced bagging orders from major fleets for 1,400 school buses in the UAE, the company's largest ever supply of school buses in this country. The total fleet deal for the GCC-made buses has been bagged by Chennai-based Ashok Leyland's UAE distribution partners, Swaidan Trading - Al Naboodah Group. Most of the supplies will be made to Emirates Transport and STS Group, a statement from the company said. However, the value of the order was not disclosed. The world's fourth largest bus manufacturer also said that the 55-seater Falcon bus and 32-seater Oyster bus - will be supplied from Ashok Leyland's USD 50 million state-of-the-art manufacturing facility in Ras Al Khaimah, UAE, which is the only certified local bus making facility in the entire Gulf Cooperation Council (GCC) region. Dheeraj Hinduja, Executive Chairman, Ashok Leyland said this is a historic moment for Ashok Leyland in UAE. This is a testament to t

Sensex adds 1564pts, Nifty tops 17750 in broad-based rally; financials lead

CLOSING BELL: Benchmark indices clocked their biggest intra-day gain since May 20 as broad-based buying emerged across sectors

CV volumes to stay resilient as demand recovery takes hold in FY23

Margin pressures may continue on competitive pressures, input cost inflation

Stocks to watch: RIL, L&T Tech, ICICI Bank, Axis Bank, Lupin, Ashok Leyland

Stocks to watch today: ICICI Bank, Axis Bank, and IDFC First Bank have increased interest rates on deposits worth Rs 2 crore & above; BPCL plans to scale up renewable energy portfolio to 10 GW by 2040

Ashok Leyland adds to Bada Dost range, will launch e-LCVs in six months

With superior power, mileage, payload, load body length and loading space, the Bada Dost i1 and Bada Dost i2 help customers earn more profit per trip

Ashok Leyland unveils new tipper for construction, mining segments

Hinduja group flagship Ashok Leyland has unveiled the AVTR 4825 tipper equipped with a H6 engine aimed at serving the construction and mining segments, the company said on Friday. AVTR is the company's first modular truck platform that offers a range of trucks in the 19-55 tonne gross vehicle of weight (GVW) portfolio and has a slew of cabin and load body options for customers based on their requirements. "These tippers score high on fluid efficiency, durability and reliability. The powerful H6 4V engine, along with heavy duty drive-lines, delivers best-in-class performance with optimum gradability suitable for all construction and mining-related surface transportation," said Ashok Leyland head-medium, heavy commercial vehicle Sanjeev Kumar. The tippers are powered by the 250 hp H-series 4V 6-cylinder engine with the company's i-Gen6 technology that enhances the engine performance while ensuring lower cost of ownership. The drivability, reliability and faster turnaround time on rou

Switch Mobility sees e-bus market tripling to 6,000 units next year

Switch India has already secured an order of 200 electric double decker buses in Mumbai and is looking at a dominant space in the electric double decker segment, across key regions in the country

India at 75: The Maharajah and 14 other brands that had great impact on us

From the Air India mascot to bicycles and Aadhaar, from stationery to automobile and cosmetics, some brands have come to define the segments they represent. Here's a look at 15 such brands

Ashok Leyland expects commercial vehicle industry to grow at fast pace

Ashok Leyland expects the commercial vehicle industry to grow at a fast pace in the coming quarters, with economic activity gaining momentum and demand picking up across segments

Ashok Leyland Q1 profit at Rs 68 cr Q1 on strong volumes vs year-ago loss

The company is planning to invest Rs 750 crore in each of the next two years and is in the final round of talks to raise funds for its EV arm Switch Mobility

Ashok Leyland posts net profit of Rs 96 cr in Q1; revenue more than doubles

Commercial vehicle major Ashok Leyland Ltd closed the first quarter of FY23 with an after tax profit of Rs 68 crore.

Ashok Leyland soars to a 4-year high, up 6% ahead of June quarter results

The demand for MHCV Trucks is expected to increase, driven by pickup in fleet utilization levels and supported by replacement demand in-line with recovery in economic activity and government spending.

Stocks to watch: HDFC, Sun Pharma, Dr Reddy's, STFC, TVS Motor, SpiceJet

Stocks to watch today: HDFC, Sun Pharma, and Cipla will report their June quarter results on Friday, July 29; Dr Reddy's saw 108 per cent YoY rise in consolidated net profit to Rs 1,187.6 crore in Q1.

Ashok Leyland expands AVTR tractor segment with two new launches

With this launch, Ashok Leyland becomes the first Indian firm to offer tractors with 41.5T gross combination weight (GCW) and 43.5T GCW in two-axle configuration, the company said in a statement.

Ashok Leyland tie up with Adani Capital for strategic financing partnership

Adani Capital will work towards catering to the customers' needs through CV loans with easy monthly repayment plans, best suited for customers

Hinduja Leyland Finance to merge with group firm NxtDigital in 9 months

NxtDigital handles broadband, digital cable television, content syndication, teleshopping

Ashok Leyland reports 125% growth in total sales; 14,351 units sold in June

Commercial vehicle maker Ashok Leyland on Friday reported 125 per cent growth in total sales at 14,351 units in June as compared to the year-ago period. The company had registered a total sales of 6,448 units in June 2021, Ashok Leyland said in a statement. The total M&HCV sales, including exports, rose 238 per cent at 9,354 units in June 2022 as against 2,764 units in June 2021. The LCV total sales during the period under review stood at 5,177 units, which was 41 per cent higher compared to 3,684 units in the same month of 2021, it said. M&HCV domestic sales, including buses, grew 255 per cent at 8,399 units. The same stood at 2,364 units in the preceding year.