Page 26 - Ashok Leyland

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 ...

Ashok Leyland: Sales of domestic trucks down 4%

Total vehicles sales in the domestic market during the month grew one per cent to 17,352 units in February 2019

Heavy discounting, muted demand likely to impact Ashok Leyland's margins

Ashok Leyland's volume performance is expected to remain subdued over the next few months

Ashok Leyland net profit drops 21% at Rs 380 crore in December quarter

The company says it is looking for ways to overcome a dependence on one segment of products

Ashok Leyland Q3 net profit dips 21 pc to Rs 381 cr, says hopeful about LCV

The company's total income declined by 12.3 per cent to Rs 6346.04 crore during the quarter, compared to Rs 7232.39 crore in the corresponding quarter of previous year.

Laid path to make Ashok Leyland great company from average: MD Vinod Dasari

In a Q&A, the CV man of the South, as he is known, talks about his 14-year stint at the company, and the road map he laid to catapult it into big league

Ashok Leyland hits 20-month low on growth concerns

The stock was down 4.5% at Rs 86.55, trading at its lowest level since May 25, 2017, on the BSE.

Ashok Leyland hits 18-month low on weak December sales

The stock was down 6% in past three days, trading at Rs 95.95, its lowest level since July 3, 2017 on the BSE.

Ashok Leyland acquires 27.25% more stake in AAL; shareholding ups 76.25%

Shares of Ashok Leyland Wednesday ended 2.44 per cent down to Rs 100.05 apiece on the BSE

Ashok Leyland's M&HCV sales drop by 29% in December; LCV sales grow by 27%

Total sales dropped by 20 per cent in December 2018 to 15,493 units from 19,251 units

Ashok Leyland, Israel's Elbit Systems sign MoU for high mobility vehicles

The integrated systems are targeted for worldwide export markets

Ashok Leyland could be worst affected as brokerages lower M&HCV estimates

If the pressure on M&HCV continues, analysts are expected to revise their volume and earnings estimates downwards for the current year

Ashok Leyland falls 4% as November auto sales decline

The stock dipped 4% to Rs 107 on the BSE, close to its 52-week low of Rs 103 after the commercial vehicle major registered a 9% decline in auto sales in November.

Ashok Leyland reports 18% decline in M&HCV sales in November

Ashok Leyland's total sales dropped by nine per cent to 13,121 units from 14,457 units in November 2017.

We're well on track to meet BS-VI emission norms, says Ashok Leyland

Hinduja group's flagship firm Ashok Leyland Monday said it is well on track to meet the upcoming BS-VI emission norms across its medium and heavy commercial vehicles (M&HCV) range. The Chennai-based company said it has achieved internal milestone regarding the development of BS-VI emission technology across its M&HCV range. "We have now achieved our internal milestone on emission capability for our entire range of M&HCV vehicles," Ashok Leyland Senior VP Product Development N Saravanan said in a regulatory filing. The company's new technology continues to build upon the successfully proven iEGR engine platform, he added. "We are now well on track in our preparedness for the 2020 launch," Saravanan said. In 2016, the government had announced that India would skip BS-V norms altogether and adopt BS-VI norms. It had stated that from April 1, 2020, only vehicles complying with the latest emission norms would be manufactured, while giving three months time to automobile firms ..