Page 16 - Ashok Leyland

Dana Incorporated picks up 1% stake in Switch Mobility for $18 mn

Switch Mobility, the electric commercial vehicles arm of Ashok Leyland, on Friday said Dana Incorporated (Dana), a global leader in drivetrain and e-propulsion systems, has picked up 1 per cent stake

Ashok Leyland draws up EV road map, plans to launch first e-LCV in Dec

Company's EV push will be done through UK-based Switch Mobility - a combined entity of Ashok Leyland's electric CV operations and erstwhile Optare of UK

Ashok Leyland to invest up to $200 million in EVs via Switch Mobility

Hinduja group flagship firm Ashok Leyland will invest up to USD 200 million (nearly Rs 1,500 crore) in its electric vehicles journey through its UK-based arm Switch Mobility

Ashok Leyland expects plants to be operational for 6-25 days in July

The Chennai-based company noted that the overall market demand in July is better than in June this year.

Ashok Leyland total dispatches in June increase to 6,448 units

Hinduja Group flagship firm Ashok Leyland on Thursday posted two-fold increase in total sales at 6,448 units as compared with 3,199 units in May this year. Total domestic vehicle dispatches to dealerships stood at 5,851 units last month as against 2,738 units in May, Ashok Leyland said in a regulatory filing. Medium and heavy commercial vehicles (M&HCV) sales in the domestic market stood at 2,364 units in June as against 1,513 units last month, it added. Light commercial vehicle sales in the domestic market last month stood at 3,487 units as compared with 1,225 units in May.

Our aim is market share growth with an eye on margins: Ashok Leyland CEO-MD

In a Q&A, Vipin Sondhi says the firm will launch more LCVs and step up exports to Africa and Middle East as part of its de-risking strategy

Ashok Leyland shares close over 4% higher after fourth quarter earnings

The Hinduja group flagship firm has posted a consolidated profit after tax of Rs 377 crore for the fourth quarter ended March 31, 2021.

Ashok Leyland forms ESG committee to lead its sustainability agenda

Commercial vehicle maker Ashok Leyland on Friday said it has formed an environmental, social and governance (ESG) committee headed by an independent director to lead its sustainability agenda

Ashok Leyland advances 9% as Co reports market share gain in March quarter

Sequentially, MHCV truck volumes for Ashok Leyland have grown by 57 per cent in Q4FY21 which was higher than the industry growth of 53 per cent

Stocks to watch: ONGC, BHEL, LIC Housing, Ashok Leyland, PTC India, RailTel

State-owned Union Bank of India has raised Rs 850 crore by issuing Basel-III-compliant bonds on a private placement basis

Stocks to watch: RIL, Shyam Metalics, Sona Comstar, ONGC, Ashok Leyland

The shares of Shyam Metalics and Sona Comstar are slated to list on the bourses on Thursday. A strong debut is on the cards for Shyam Metalics while Sona Comstar is likely to witness a muted listing

Ashok Leyland arm acquires EV manufacturer Switch Mobility Automotive

Commercial vehicles major Ashok Leyland on Tuesday said its subsidiary Switch Mobility has fully acquired electric vehicles maker Switch Mobility Automotive Ltd, India.

Recovery hopes drive gains for pure-play CV maker Ashok Leyland

Street expects trend to continue with valuations supporting upmove

Ashok Leyland announces senior level organisational changes

: Hinduja group flagship company Ashok Leyland on Tuesday announced the appointment of Amanpreet Singh as the head and president of human resources.

Automobile sales skid in May as coronavirus second wave bites hard

Major automobile manufacturers like Maruti Suzuki, Hyundai, Mahindra & Mahindra, Tata Motors and Toyota Kirloskar on Tuesday reported decline in domestic passenger vehicle sales in May compared to the previous month as a spike in COVID-19 cases and lockdowns across various states hit production and dispatches. The country's largest carmaker Maruti Suzuki India (MSI), which shut production from May 1 to May 16 so as to divert oxygen from industrial use for medical purposes, reported domestic dispatches to dealers at 35,293 units last month, down 75 per cent from 1,42,454 units in April. The company said sales of its mini cars, comprising Alto and S-Presso, declined by 81 per cent to 4,760 units in May as against 25,041 units in April this year. Sales of compact segment vehicles, including Swift, Celerio, Ignis, Baleno and Dzire, declined by 72 per cent to 20,343 units from 72,318 cars in April. Likewise, utility vehicle sales, including Vitara Brezza, S-Cross and Ertiga, declined ..

Ashok Leyland May sales rise to 3,199 units from 1,420 units in April

Commercial vehicles major Ashok Leyland Ltd closed last month with sales of 3,199 units up from 1,420 units sold in May 2020.

Ashok Leyland expects plants to be operational for only 10 days in June

The commercial vehicles major said its manufacturing plants would be operational only for up to 10 days in the month of June due to lower demand and lockdown in states where its plants were located

Ashok Leyland offers life, health insurance of Rs1 lakh to channel partners

An estimated 15,000-20,000 people are likely to be benefited by this initiative, the company said

Ashok Leyland announces relief measures for pandemic-hit stakeholders

Commercial vehicles major Ashok Leyland on Tuesday announced various measures such as extending emergency support to vehicles transporting COVID essentials

Ashok Leyland's LCV gamble pays off with a little help from the pandemic

Its offering Bada Dost has helped in huge market share and volume gains