Page 23 - Ashok Leyland

Ashok Leyland picks 3.62% stake in Hinduja Leyland Finance for Rs 202 cr

It may be noted that Ashok Leyland decided to acquire 9% stake in HLFL as against its original plan to acquire 19%

Ashok Leyland to cut investment in Hinduja Leyland Finance to Rs 390.49 cr

The AL board continues to believe that the proposal to raise the shareholding in HLFL was consistent with the philosophy to prevent any future dilution based on HLFL's growth plans

Ashok Leyland hits over 5-year low on HLFL stake purchase proposal

Ashok Leyland on Wednesday announced that it would acquire around 7 per cent stake from the existing private equity investor Everstone and around 12 per cent from promoter owned entity

Ashok Leyland shares fall 26%, touch a fresh 52-week low of Rs 47.25

A month later, now, the company announced that it would invest Rs 1,200 crore to buy stake in HFL

Ashok Leyland to acquire additional 19% stake in Hinduja Leyland Finance

The cost of acquisition will be not be exceeding Rs 1,200 crore, on cash consideration

Ashok Leyland domestic M&HCV sales down by 47%; bus sales rise 36%

The drop came due to the truck business, which dropped by 58 per cent to 4,706 units from 11,117 units

Ashok Leyland builds a platform to let buyers configure vehicles

Known as 'modular' platform targeted for medium and heavy vehicles, the company expects that it will bring down its operational cost drastically and results in increase in profits

Ashok Leyland plans pain relief via K54 II, hope to save Rs 500 crore

Capex for the year is expected to be Rs 1,200-1,300 crore, against the initial plan of Rs 2,000 crore

Auto slowdown impact: Ashok Leyland PBT drops by 89% in Q3 on lower volumes

Total income plunges to Rs 4,038 cr from Rs 6,346 cr; firm continues with cost-paring measures

Market Ahead, February 12: Top factors that could guide markets today

A total of 486 companies, including Divi's Laboratories, Dish TV, Ashok Leyland, and IRCTC, are scheduled to announce their earnings today

Ashok Leyland, others buy Everfin's 7% stake in Hinduja Leyland Finance

The cash deal, which is valued at Rs 390 cr, will be spread over nine months over various tranches

Companies see Budget 2020 farm, infra push helping commercial vehicle sales

Tata Motors, Ashok Leyland, VECV Ltd report modest growth as economy slows and transporters are saddled with surplus capacity.

Ashok Leyland M&HCV domestic sales down by 49% to 6,949 in January

M&HCV truck sales in the domestic market stood at 4,837 units as compared with 12,042 units, a drop of 60 per cent. Bus sales rose to 2,112 units from 1,621 units

Ashok Leyland sales slump 40 per cent in January to 11,850 units

The company had sold 19,741 units in the same month last year, Ashok Leyland said in a regulatory filing

Technical calls from HDFC Securities: Buy Ashok Leyland, Tata Elxsi

Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities

Ashok Leyland, ABB Power Grids team up for electric buses in India

Ashok Leyland will develop and manufacture electric buses with ABB's award-winning TOSA flash-charging technology along with operational support and service

Slowdown pain spreads: Tata Motors, Ashok Leyland, Hero halt production

About 15,000 workers, mostly temporary and casual, out of work in auto making firms over past 2-3 months, 200,000 heads roll across dealerships

After cars, now truck sales hit a speed bump; decline 60% in August

India's economy grew by 5 per cent in the June quarter, the slowest in over six years. The manufacturing sector fared worse, growing at an abysmal 0.6 per cent. Listen to this podcast to know more

Commercial vehicle sales fall YoY, but grow MoM by 10-15% in Dec 2019

Ashok Leyland witnessed a rise in the sale of buses by 85 per cent to 2,560 units in December 2019 from 1,384 units, a year ago

Weekly stock picks by Religare Broking: Buy Ashok Leyland, Bata India

Ashok Leyland has been rebounding for the past five months and is now trading on the verge of fresh breakout from the consolidation range