Page 25 - Ashok Leyland

Ashok Leyland truck sales drops 70% in Aug; total M&HCV sales slide 63%

Light commercial vehicle sales dropped by 12% to 3,711 units in August 2019

Ashok Leyland plans to invest Rs 70 crore to set up Africa unit

Presently 24th in global ranking, it aims to be among the top 10 in about nine years

Ashok Leyland unveils severance schemes as staff protest continues

Union sources said if the management does not take a call on the issue 'amicably' they would be forced to intensify their stir next week by going on a hunger strike

Slowdown impact: Ashok Leyland starts staff separation schemes to cut cost

The company had earlier said it was implementing cost-cutting measures to save around Rs 500 crore to mitigate the impact of slowdown in the market

Some Ashok Leyland workers on 'sit-in strike', demand hike in bonus

The employees decided to go ahead with their strike as the management allegedly did not accept their demand at a recent meeting

Ashok Leyland undertakes cost cutting measures to save Rs 500 crore

Ashok Leyland reported a 9 per cent revenue drop during the quarter ended June 30, 2019, at Rs 5,684 crore

Ashok Leyland profit shrinks by 45%; market share grows in MHCV segment

The revenue of the company dropped by 9% to Rs 5,684 crore from Rs 6,263 crore YoY

Ashok Leyland to shut Uttarakhand heavy vehicles plant to for 9 days

Ashok Leyland 's competitor Tata Motors recently decided to close its Pantnagar facility for two days.

Ashok Leyland appoints two new COOs, CFO given additional responsibility

The changes are in line with the company's philosophy of providing growth opportunities to talent from within the company

Ashok Leyland plans on revving up global business; LCVs to drive expansion

Its new vision encompasses light commercial vehicles, small commercial vehicles, intermediate commercial vehicles (ICV), M&HCV, spare-parts and defence

Ashok Leyland to halt production for 5 days at Pantnagar as stocks pile up

Move follows slowdown in CV sales; No work on June 17 and 24, but employees will still get pay

Ashok Leyland posts overall sales dip of 3.6% in May as exports drag

Ashok Leyland Ltd's domestic sales grew 5.8 percent in May to 12,778 units from 12,077 units in the same month of previous year.

Ashok Leyland sells more than 13,000 units in May, total sales dips 4%

The company had sold 13,659 units during the corresponding month last year, Ashok Leyland said in a statement

Ashok Leyland is eyeing top 10 slot in CV space in 9 years: Dheeraj Hinduja

Ashok Leyland Chairman Dheeraj Hinduja talks about his strategy and plans in the coming years

Ashok Leyland lines up Rs 2,000 cr capex for BS-VI migration, new LCV unit

The company is planning funds infusion for BS-VI and new projects related to light commercial vehicles, among others

Ashok Leyland's Q4 profit declines 12% to Rs 665 cr, revenue rises by 1%

The board has recommended a dividend of Rs 3.10 per share subject to approval by shareholders

Ashok Leyland reports 7.5% growth in sales at 13,626 units in April

Domestic sales grew 10 per cent to 13,141 units during the month, compared to 11,951 units during same month last year

Icra optimistic on Ashok Leyland this year; revises rating to stable

Around 80% of the company's revenue is from the cyclical CV segment

Ashok Leyland eyes partnerships in EV space in bid to pare huge R&D costs

In traditional internal combustion engine segment, however, Hinduja group flagship firm would like to go on in its own

Ashok Leyland eyes CIS countries, Africa for setting up assembly plants

Commercial vehicle major Ashok Leyland is looking to set up more assembly plants overseas, including the CIS region and African countries, as part of plans to scale up its global operations, a top company official said. The company is banking on its new range of medium and heavy commercial vehicles (M&HCV) and light commercial vehicles (LCVs) to help it enter new regions beyond its traditional stronghold such as the Middle East, SAARC countries and pockets of Africa. The Chennai-based Hinduja flagship firm is in the process of developing a new modular platform on which it plans to roll out its future medium and heavy products from next year. The company, which has earmarked a capex of Rs 1,500 crore for various projects during the current fiscal, is also working on a separate platform for light commercial vehicles (LCVs). The company expects to roll out the new range of products from April next year. "In some markets where volumes are promising we can also put some assembly ...