Page 5 - Ashok Leyland

Ashok Leyland partners with Japan's Nidec to develop e-drive motors

Ashok Leyland will continue to source motors from Nidec for its existing electric vehicle line-up, while also collaborating on research and development for future electric solutions

Ashok Leyland ties up with Nidec to develop e-drive motors for vehicles

Commercial vehicle maker Ashok Leyland on Thursday said it has entered into a partnership with Japanese firm Nidec for developing e-drive motors for commercial vehicles. Under the multi-pronged collaboration, the two partners will work to establish a Centre of Excellence (CoE) for Electric Drive Units (EDUs), which will focus on developing motor technologies and power electronics systems for EVs, along with innovations in gear-shifting mechanisms, Ashok Leyland said in a statement. "This collaboration allows us to co-develop, innovative e-drive motors specifically designed for the unique demands of India's commercial vehicle market, while significantly advancing our electric mobility capabilities," said Shenu Agarwal, Managing Director and CEO at Ashok Leyland. The collaboration will also involve joint research and development efforts, with both companies contributing to skilling, lab infrastructure, and defining novel, differentiated motor technologies for the EV portfolio of Ashok

Ashok Leyland, travel tech firm FlixBus sign deal for inter-city mobility

Agreement will empower local bus operators through technology, say the two companies

Ashok Leyland inaugurates advanced Uptime Solution Center at Ennore

The advanced Uptime Solution Centre brings together teams from aftermarket services, vehicle engineering, and field quality to proactively support Ashok Leyland customers nationwide

Ashok Leyland unveils GARUD 15M bus chassis, commercial launch in Q4FY25

Leading commercial vehicle manufacturer Ashok Leyland on Thursday announced unveiling its pioneering GARUD 15M bus chassis at Prawaas 4.0 in Bengaluru. The Hinduja Group flagship company unveiled the chassis at the event organised by Bus & Car Operators Confederation of India (BOCI). "The GARUD 15M is India's first front engine multi-axle bus chassis, setting a new standard in the industry. Designed specifically for long distance intercity travel, this innovative platform offers the largest saloon space available in Indian buses. With a best-in-class capacity of 42 sleeper berths, the GARUD 15M maximizes per-trip revenue for bus operators," a company release said. It has a cutting-edge design for comfortable long-distance travel. Shenu Agarwal, MD & CEO, Ashok Leyland said, "GARUD 15M represents a significant leap forward in bus chassis technology, combining advanced engineering with unparalleled comfort and efficiency." Sanjeev Kumar, President-MHCV at Ashok Leyland said, ...

Auto companies Tata Motors, Ashok Leyland board the fully built bus boom

Financing, better after-sales services and stricter regulations fuel rising demand for FBUs

Ashok Leyland sees high enquiry from fleet operators amid consolidation

Commercial vehicle maker Ashok Leyland has been seeing a high number of enquiries from fleet operators amid the segment going through a consolidation phase, the company has said. The company is also expecting the medium and heavy commercial vehicle (MHCV) segment to grow in a single-digit this fiscal as against earlier estimates of a flat growth, Sanjeev Kumar, President for MHCV, Ashok Leyland said on Friday here. Ashok Leyland is hosting a two-day 'Mini Expo' in Navi Mumbai, showcasing its diverse line-up of vehicles, including trucks and buses, in its MHCV portfolio as well as products. Mumbai is among the 11 exclusive locations across India selected for this expo. The MHCV segment comprises multi-axle rigid trucks, haulage trucks, tippers and trailers. Prior to Covid, the mix between the fleet and retail customers would be in the 40:60 ratio, which has been changing now, said Prasad. "The market is going through a consolidation where ... they have the advantage of income, in

Ashok Leyland falls 4% after July sales disappoint. Check details here

The fall in the share price came after the automotive manufacturer reported disappointing July 2024 sales numbers.

Auto industry wants CVs to be a part of FAME scheme: Dheeraj Hinduja

Hinduja talks about the Red Sea crisis, the Faster Adoption and Manufacturing of Electric (And Hybrid) Vehicles (FAME) scheme, and industry growth this fiscal year

Ashok Leyland Q1 FY25 results: Net profit declines 6% to Rs 509 crore

While the company achieved its highest-ever Q1 CV volumes, the Power Solutions, Aftermarket, Defence business, and the International Operations also contributed strongly to the top line

Ashok Leyland Q1 result: PAT dips 6% to Rs 509 cr, total income up 10%

Hinduja group flagship Ashok Leyland on Thursday reported a 6 per cent year-on-year fall in its consolidated net profit to Rs 509 crore in the June 2024 quarter. The company posted a net profit of Rs 544 crore in the April-June quarter of the previous fiscal. Total income increased to Rs 10,754 crore in the first quarter against Rs 9,735 crore in the year-ago period, Ashok Leyland said in a regulatory filing. Ashok Leyland Chairman Dheeraj Hinduja said the commercial vehicle industry continues to maintain the growth momentum, contrary to the expectations at the start of the year. Industry volumes for the first quarter were at comparable levels to the previous peak of Q1FY19, he stated. "The company's Q1 performance has beaten all expectations, we have been able to post excellent results with focused market performance while reining in costs," Hinduja stated. Through Switch Mobility, the company is geared to participate in the growing EV market with a clear road map, he added. Wi

Growth, valuations support Ashok Leyland as competition rises in industry

Most brokerages positive about commercial vehicle manufacturer but are concerned about demand

Automakers stocks sprint up post May sales; M&M, Ashok Leyland zoom 6%

Shares of Mahindra and Mahindra (M&M) zoomed 5.9 per cent, hitting its 52-week high at Rs 2,654 per share on the BSE in today's intraday trade

India summer temperature hits 50 degrees: 5 cool stocks for your portfolio

Infra stocks such as - Larsen & Toubro, Adani Ports, BPCL, Ashok Leyland and Container Corporation of India can rally up to 17 per cent, technical charts suggests.

Ashok Leyland soars 6%, hits new high on healthy Q4 operational performance

Ashok Leyland stock price: Demand momentum in domestic market continues to remain healthy, led by pick-up in replacement demand

Without incentives, people won't see reason to buy EVs: Dheeraj Hinduja

Hinduja talks about the company's expectations from the new government, as he outlines the strategy in the light commercial vehicles (LCV) category and Switch Mobility funding

Ashok Leyland Q4FY24 results: Net profit rises 17% to Rs 934 crore

The quarter saw the highest ever sales and margins for Ashok Leyland

Ashok Leyland to unveil 5-6 new products under LCV segment: MD Agarwal

Hinduja Group flagship company Ashok Leyland has lined up 5-6 product launches this year in the light commercial vehicle segment, a top official said here on Friday. The city-based medium and heavy commercial vehicle maker has earmarked Rs 500 to Rs 700 crore as Capital Expenditure for this financial year, Managing Director and CEO Shenu Agarwal said. Ashok Leyland earlier in the day reported a 16.73 per cent increase in consolidated net profit at Rs 933.69 crore in the January-March 2024 quarter as compared to Rs 799.87 crore registered in the same period of last financial year. "FY'24 has been a record year for Ashok Leyland. We have achieved an all-time high,whether it is in revenues, growth, EBITDA margins or profits, we have achieved an all-time high number in FY24," company Chairman Dheeraj Hinduja told reporters. "What makes this achievement significant is that it (highest ever performance) is coming in a year when we are celebrating our 75th year anniversary. We continue to

Ashok Leyland Q4 results: Net profit rises 16.73% to Rs 933.69 crore

Commercial vehicles maker Ashok Leyland on Friday reported a 16.73 per cent increase in consolidated net profit at Rs 933.69 crore in the fourth quarter ended March 31, 2024. The company had posted a net profit of Rs 799.87 crore in the same period of the previous fiscal, Ashok Leyland said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 13,577.58 crore as compared to Rs 13,202.55 crore in the year-ago period, it added. Total expenses in the fourth quarter were marginally lower at Rs 12,037.16 crore as compared to Rs 12,085.5 crore in the corresponding period of the previous year. The board of directors of the company, at their meeting held on March 25, 2024, has declared an interim dividend of Rs 4.95 per equity share of Re 1 each, for the year ended March 31, 2024, Ashok Leyland said. For the fiscal ended March 31, 2024, net profit was at Rs 2,696.34 crore as compared to Rs 1,358.82 crore in the previous fiscal. In FY24 ...

Q4 results today: Hindalco and Bosch among 252 firms to post earnings

Company Q4 FY24 results today: Ashok Leyland and Zee Media Corporation are among some of the major companies to release their earnings report for the fourth quarter ending on March 31, 2024