Page 27 - Ashok Leyland

Ashok Leyland says its medium, heavy commercial vehicles ready for BS-VI

Company continues to build upon the proven iEGR engine platform

Dasari's sudden exit from Ashok Leyland may cause some short-term concerns

Ashok Leyland's share price fell 10.5 per cent on Wednesday to close at Rs 106.60 on the BSE, their lowest in a little over a month. The market was partly reacting to the announcement that Vinod K Dasari, managing director and chief executive officer (MD & CEO), would resign after 14 years with the commercial vehicle (CV) and defence equipment maker. The company's September quarter results having missed analysts' estimates was also responsible for the stock's fall.Dasari's decision not only surprised the market but even the company's chairman, Dheeraj Hinduja, who said he was "surprised" and that it was "unexpected". Dasari had said, "It is not a knee-jerk reaction to any issue but an amicable separation. I have decided to pursue other interests."Brokerage houses were divided on the development. Nomura maintained a 'neutral' rating on the stock, while stating Dasari's resignation might cause some short-term concerns. Chirag Shah of Edelweiss Research recommended a 'buy', stating ..

Ashok Leyland shares down by 8%, after MD & CEO Vinod K Dasari quits

In the interim, the company's Chairman Dheeraj Hinduja will oversee the responsibilities as Executive Chairman

Ashok Leyland falls 9% after Vinod Dasari steps down as CEO

The stock dipped 9% to Rs 108 on BSE in early morning trade after Vinod K Dasari quit as Managing Director and Chief Executive Officer of the company, effective March 31, 2019.

Ashok Leyland posts lower than expected growth, net profit rises 37.4%

Some of the analysts were also expecting a revenue of over Rs 77 billion

Ashok Leyland posts 17% increase in October sales at 15,149 units

M&HCV sales rose 7 per cent to 9,797 units as compared to 9,140 units, a year ago

Ashok Leyland reports 21% jump in M&HCV sales at 14,232 units in September

During April to September 2018 total sales rose by 35 per cent to 94,086 units as compared to 69,487 units

Ashok Leyland bags order for 200 AC intercity, city buses in Bangladesh

Ashok Leyland Managing Director Vinod K Dasari said the repeat order, after the double-decker bus order, is a testament of the trust Bangladesh authorities have in the company

Ashok Leyland launches integrated electric vehicle unit at Ennore plant

Vinod Dasari, managing director of Ashok Leyland, said that the EV centre, in Ennore, will give it an edge throughout the evolution of e-mobility

Ashok Leyland bags order to supply Tracked Combat Vehicle to armed forces

The Company will collaborate with CVRDE for the manufacturing, assembly and testing of lightweight clutch for the design and development of weight optimised 1500hp Automatic Transmission

Ashok Leyland rolls out BS4 engine 'Innoline' for commercial vehicles

The heavy commercial vehicle major claimed that the Innoline engines makes the maintenance simpler for the mechanics and gives a hassle-free service to customers

Ashok Leyland bags order for 300 double-decker buses from Bangladesh

Leyland have to deliver the order within eight months

Ashok Leyland sales up by 27% in July; M&HCV sales rise by 22%

M&HCV sales up by 22 per cent to 10,996 Units from 9,026 Units

Ashok Leyland hits over 5-month low; slips 14% on BSE to Rs 110 levels

The stock has slipped over 34% from its 52-week high of Rs 168 touched on May 8, 2018

How Ashok Leyland managed to turn its loss-making subsidiaries around

Nissan' exit from the light commercial vehicle joint venture has helped speed up consolidation and growth for the company

Higher revenue share from non-cyclical biz a positive for Ashok Leyland

The company's focus on less cyclical segments such as spares, defence and exports is expected to improve their share to 19% of revenue over the next three years, from 16% now

Ashok Leyland plans to expand LCV business, international operations

Ashok Leyland is one of the leading suppliers of logistics vehicles to the Indian Army

Ashok Leyland hopes to make sustainability its new brand mantra

Ashok Leyland is also keen to project itself as an experiential brand

Ashok Leyland's LCV business turns around, posts Rs 1.34 bn profit in FY18

Ashok Leyland Vehicles Ltd (formerly Ashok Leyland Nissan Vehicles Ltd) had reported a loss of Rs 24.9 mn the previous financial year

Ashok Leyland a whisker away from becoming global CV major: Dheeraj Hinduja

T E NARASIMHANAfter having a good year, country's second largest commercial vehicle major Ashok Leyland has said it is bullish about 2018-19 and it would outpace industry growth, which is expected to be around 10 per cent in Fiscal 2019.Dheeraj G Hinduja, chairman, Ashok Leyland said that 2017-18 has been another year of stellar performance by ALL when it pushed the limits even further with the highest ever sale of 174 ,873 units , crossing the 100,000 Medium & Heavy Commercial Vehicles ( M & H C V ) truck sale in a y ear and rolling out 200,000th Light Commercial Vehicles ( L C V ) on the road.Achieving a record revenue of Rs 262.48 billion and a record profit of Rs 15. 63 billion together with sustaining he market share gains in a competitive environment is quite commendable.In a letter to shareholders, he said, there were some tail winds during the year in the form of GDP growth at 7.4 % , thrust in infrastructure and road construction, proliferation in logistics activities