Page 18 - Ashok Leyland
Sensex ends 222 pts higher, Nifty tops 15,150; RIL gains 4%, PSB stocks dip
On the sectoral front, Nifty PSU Bank index declined over 1 per cent on the NSE, followed by losses in the Nifty Auto index (down 0.4 per cent), and the Nifty Realty index (down 0.24 per cent)
 "Sensex ends 222 pts higher, Nifty tops 15,150; RIL gains 4%, PSB stocks dip")
Top stocks that are likely to benefit from FM's Budget proposals
According to Phillip Capital increased allocation for capital expenditure will bode well for large banks, namely ICICI Bank, Axis Bank, HDFC Bank and State Bank of India
 "Top stocks that are likely to benefit from FM's Budget proposals")
Ashok Leyland M&HCV sales grow 32% in January, bus sales falls 79%
Total M&HCV sales dropped by 2 per cent to 6,839 units in January 2021 from 6,949 units, a year ago
 "Ashok Leyland M&HCV sales grow 32% in January, bus sales falls 79%")
Ashok Leyland's auto sales jump 11% to 13,126 units in January
Hinduja group flagship firm Ashok Leyland on Monday reported an 11 per cent increase in total vehicles sales at 13,126 units in January. The company had sold 11,850 units in the corresponding month a year ago, Ashok Leyland said in a regulatory filing. Total domestic vehicles sales stood at 12,359 units in January against 10,850 units in the year-ago period, registering an increase of 14 per cent. Medium and heavy commercial vehicles (M&HCV) sales in the domestic market were down 2 per cent at 6,839 units last month as compared with 6,949 units in the year-ago month, it added. Light commercial vehicle sales in the domestic last month stood at 5,520 units as compared with 3,901 units in January 2020, up 42 per cent, the company said.
 "Ashok Leyland's auto sales jump 11% to 13,126 units in January")
Auto stks dip on profit booking as govt proposes green tax for old vehicles
Ashok Leyland, Bharat Forge and Tata Motors from the auto index were down in the range of 3 per cent to 4 per cent.
 "Auto stks dip on profit booking as govt proposes green tax for old vehicles")
Commercial vehicle recovery may gather speed in FY22, say analysts
Besides Ashok Leyland, a slew of auto component makers will likely gain from volume growth
 "Commercial vehicle recovery may gather speed in FY22, say analysts")
India Inc gets back to office cautiously, even as many MNCs remain shut
Many are testing hybrid models to ensure safety and hygiene; seat-booking module introduced in some companies
 "India Inc gets back to office cautiously, even as many MNCs remain shut")
Honda Motorcycle announces its first-ever VRS amid weak two-wheeler demand
Scheme offered to the 40-plus or those with 10 years in the company
 "Honda Motorcycle announces its first-ever VRS amid weak two-wheeler demand")
CV wholesales in December outperformed in both, M&HCV and LCV segments
Demand for M&HCV segment is coming close to the pre-Covid level of 2019 but is still far below the 2018 level
 "CV wholesales in December outperformed in both, M&HCV and LCV segments")
Ashok Leyland shares rise nearly 4% after commercial vehicle sales data
Shares of Ashok Leyland on Friday gained nearly 4 per cent after the firm reported a 14 per cent increase in its total commercial vehicle sales in December
 "Ashok Leyland shares rise nearly 4% after commercial vehicle sales data")
Ashok Leyland trucks sales up 56% in December, bus sales drop 90%
Total vehicles sales rose by around 14 per cent to 11,857 units from 10,378 units
 "Ashok Leyland trucks sales up 56% in December, bus sales drop 90%")
State undertakings may add 5,000 vehicles, revive demand for buses in Q4
Lockdown factors such as temporary shutting of schools, WFH, and cash crunch for transport undertakings have hit the buses segment substantially
Volume uptick in FY22 to drive revenue, margin gains for Ashok Leyland
The company is expected to gain market share led by higher tonnage trucks
 "Volume uptick in FY22 to drive revenue, margin gains for Ashok Leyland")
November CV sales ride high on strong demand for lower tonnage vehicles
Cumulative dispatches at top four manufacturers including advanced 1.21 per cent year-on-year
 "November CV sales ride high on strong demand for lower tonnage vehicles")
Ashok Leyland's truck sales rise 23% in Nov, bus sales decline 90%
The sales of light commercial vehicles (LCV) rose by 31 per cent to 5,305 units in November 2020 from 4,056 units in November, last year
 "Ashok Leyland's truck sales rise 23% in Nov, bus sales decline 90%")
Ashok Leyland renames Optare as SwitchMobility, unveils global EV plan
With a new structure, SwitchMobility will be positioned to become Ashok Leyland's global arm, focusing on electric vehicles and green mobility solutions
Hitachi ABB Power Grids teams up with Ashok Leyland in e-bus pilot
Smart e-mobility is still at a nascent stage in India.
 "Hitachi ABB Power Grids teams up with Ashok Leyland in e-bus pilot")
Nifty outlook and stock recommendations by Sameet Chavan of Angel Broking
Traders should not to trade aggressively now and rather continue with a stock-centric approach
 "Nifty outlook and stock recommendations by Sameet Chavan of Angel Broking")
Ashok Leyland announces VRS for the second time in last two years
The VRS will be implemented over a period of 9 months at the company offices/factory locations
 "Ashok Leyland announces VRS for the second time in last two years")
Ashok Leyland floats new subsidiary to manufacture bus bodies, coaches
The new company will manufacture bus bodies and coaches
 "Ashok Leyland floats new subsidiary to manufacture bus bodies, coaches")