The Hinduja Group firm's Q2 profit rose 7% to Rs 820 crore, led by lower losses at Switch Mobility and higher sales; it may invest Rs 5,000-10,000 crore in a new battery manufacturing facility
Ashok Leyland Q2 results: Net profit up 7% at ₹756 cr, dividend declared
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Technical charts suggest that commercial vehicles stocks such as Mahindra & Mahindra, Ashok Leyland, Escorts Kubota, Force Motors and VST Tillers are favourably placed and can rally up to 16%.
Ashok Leyland's collaboration with a Chinese cell-making behemoth, if successful, could serve as a test case for some of the largest Indian conglomerates
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Among companies, Maruti Suzuki is expected to gain market share with new SUV launches and a revival in first-time buyers, prompting the brokerage to raise its target from ₹14,262 to ₹18,360.
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The Hinduja Group will target cell and battery manufacturing for Tamil Nadu's EV ecosystem, while AstraZeneca will invest ₹716 crore to expand its Chennai innovation and tech centre
Nomura expects the GST cut to spark a volume surge of 5-10 per cent across categories, with passenger vehicles (PVs) and two-wheelers leading the growth.
Nomura noted that management remains mindful of internal rate of return (IRR) and intends to step up into full-fledged cell manufacturing only if reasonable returns are visible.
Ashok Leyland shares rose 3.75 per cent on Tuesday and registered an intra-day high at ₹132.8 per share on BSE after the company announced to invest in the development and manufacturing of batteries
Ashok Leyland's partnership with China's CALB will drive next-gen battery manufacturing for EVs and energy storage, with ₹5,000 cr investment
Commercial vehicle maker Ashok Leyland on Monday said it will invest Rs 5,000 crore over the next ten years in the development of next-generation batteries for both automotive and non-automotive applications, including energy storage systems. The initiative will not only provide for the company's and its subsidiary Switch's own electric vehicle portfolio but will also cater to non-captive demand in the entire automotive sector, as well as in the energy storage sector, the Hinduja group flagship said in a statement. This business would entail investments of more than Rs 5,000 crore over the next 7-10 years, it added. The company said it has entered into a long-term exclusive partnership with CALB Group, one of the foremost battery technology companies in China. "Ashok Leyland is deeply committed to shaping the future of sustainable mobility in India in full alignment with the government's vision. Our strategic partnership with CALB is a significant step towards creating a localised
Ashok Leyland stock gained after Q1 results on stronger margins and GST cut hopes, but muted commercial vehicle demand and cyclicality may limit upside
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Chairman Dheeraj Hinduja told Business Standard that the company is in the final stages of coming up with a new unit in the region
Commercial vehicles maker Ashok Leyland on Thursday reported a 19.44 per cent rise in consolidated net profit at Rs 657.72 crore in the first quarter ended June 30, 2025, riding on record volumes. The company had posted a consolidated net profit of Rs 550.65 crore in the corresponding period of the last fiscal, Ashok Leyland said in a regulatory filing. Consolidated revenue from operations in the first quarter stood at Rs 11,708.54 crore, as compared to Rs 10,696.8 crore in the same period a year ago, it added. Total expenses in the quarter under review were higher at Rs 10,920.53 crore, as compared to Rs 9,994.97 crore in the year-ago period, it added. Ashok Leyland said it recorded the highest-ever quarterly commercial vehicles (CV) volumes of 44,238 units in the first quarter. Commenting on the performance, Ashok Leyland Chairman Dheeraj Hinduja, said the company "delivered a robust Q1 performance, exceeding the expectations through effective market execution, while maintaining