Page 14 - Ashok Leyland

Ashok Leyland expects turnaround in CV business, 30% market share in FY23

Having endured a few very tough quarters, the commercial vehicle major has seen its overall market share hovering around 24-25 per cent

Ashok Leyland in talks to raise $200 mn-$300 mn for EV arm Switch Mobility

The company said it is in talks with investors for both Switch and e-mobility as a service. Last July, US-based drivetrain-maker Dana had bought 1% stake in Switch for $18 mn

Ashok Leyland back in the black with Rs 6 crore net profit in Q3

The firm has posted a loss of Rs 19 crore during October to December period of the previous financial year

Ashok Leyland wants to be the leader in CNG commercial vehicles

The share of commercial vehicle has constantly increased and is currently at 10 percent of the industry

Ashok Leyland to supply 200 trucks to Bangladesh government

The company said it had won the tender floated by the Bangladesh government for 135 fully-built trucks, comprising 3T truck, hydraulic beam lifter and Sewerage sucker.

Ashok Leyland to supply 200 trucks to Bangladesh for highway works

Company is a leading commercial vehicle brand in Bangladesh and has more than 50 touch points there.

Auto shares on fast-track; TVS Motor, Hero MotoCorp rally up to 5%

At 10:42 am; Nifty Auto index, the top gainer among sectoral indices, was up 1.6 per cent, as compared to 0.39 per cent decline in the Nifty50 index.

Budget has laid road map for long term development: Ashok Leyland

The Union Budget presented by Nirmala Sitharaman has laid the road map for long-term development over the next 25 years, a top official of city-based Hinduja Group flagship Ashok Leyland said

Switch Mobility picks Valladolid for European market manufacturing unit

The new and technical centre will house the production of its first electric bus, a 12-metre vehicle, designed specifically the European market

Aidrivers, Ashok Leyland to develop clean, greener autonomous vehicles

Aidrivers will provide AI-enabled autonomous solutions while Ashok Leyland will provide vehicle platforms; the partners will work to explore target markets and opportunities for cooperation

Ashok Leyland sales slip 2% to 12,518 units in December 2021

Hinduja flagship firm Ashok Leyland on Monday reported a 2 per cent decline in total commercial vehicle sales to 12,518 units in December 2021. The company had sold 12,760 units in the same month in 2020, Ashok Leyland said in a statement. Domestic sales were down 3 per cent at 11,493 units in the month under review, as against 11,855 units in December 2020, it added. However, medium and heavy commercial vehicle sales were up 9 per cent at 6,752 units in December 2021, compared to 6,173 units in the year-ago month. Sales of light commercial vehicles in the domestic market were down 17 per cent at 4,741 units, as against 5,682 units in December 2020, the company said.

Tata Motors, Bajaj Auto: Near-term headwinds may keep auto shares volatile

Going ahead, analysts at Motilal Oswal Financial Services see easing semiconductor supplies supporting PV wholesales, but the two-wheeler segment will take time to recover

Ashok Leyland ties up with Shriram Auto Mall to enter used vehicle business

Hinduja group flagship firm plans to use expertise in commercial vehicles to streamline market it is taking up.

Ashok Leyland announces new truck that has load flexibility, saves costs

The company said that the new product offers operational flexibility to customers to choose the option based on their load, offering best-in-class total cost of operation benefits.

Ashok Leyland's commercial vehicle sales slip 2% to 10,480 units in Nov

Hinduja flagship firm Ashok Leyland on Wednesday reported a 2% decline in total commercial vehicle sales to 10,480 units in November.

Vipin Sondhi steps down as CEO of Ashok Leyland; cites 'personal reasons'

Dheeraj Hinduja, to assist in business continuity and ensure a seamless transition

Ashok Leyland to focus on CNG and LNG products in green mobility push

Firm has dedicated existing testing facility in Hosur towards alternative fuel, aims to have complete portfolio of commercial vehicles in this space in next 2-3 years

Slew of products, starting with CNG and LNG planned; Ashok Leyland

Ashok Leyland today announced several initiatives to build a green mobility future

Ashok Leyland to strengthen presence in North-East; launches 3S dealership

: Hinduja Group flagship Ashok Leyland on Tuesday said it would open 10 outlets in the North Eastern parts of the country to strengthen its presence in the region and meet rising demand and inaugurated a dealership in Guwahati as part of the exercise. The Chennai-headquartered heavy commercial vehicle maker also delivered 33 full built 4,825 trucks to cement major Dalmia Cements in the city. "Our presence in the North East just got strengthened today with the inauguration of our state-of-the-art 3S (sales, service and spares) 18 bay dealership -- D R Brijmohan & Sons in Guwahati, Assam. Wishing the Team the very best", Ashok Leyland MD and CEO Vipin Sondhi said in a tweet. The dealership, spread across 1.15 lakh square feet, is located in Lokhra, the transport hub of Guwahati. "Ashok Leyland also has 10 upcoming outlets in Assam, Meghalaya, Arunachal Pradesh and Tripura to cater to the rising demand in North-East India", a company statement said. On the delivery of 33 fully built .

Ashok Leyland's quest for digital solutions gets data monetisation boost

The company is now carving out a new and future revenue stream through data monetisation