Page 5 - Ashok Leyland

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

There is no impact of elections on the market: Ashok Leyland MD & CEO

Agarwal talks about the company's capex, funding plans in EV arm Switch and growth in bus sales

ICICI Securities downgrades Ashok Leyland to 'Sell', sees 20% downside

Shares of Ashok Leyland fell 2.3 per cent to Rs 172 per share on the BSE in Thursday's intraday after ICICI Securities downgraded the stock to 'Sell' from' Hold'

Ashok Leyland, South Indian Bank sign MoU to provide financing to dealers

Commercial vehicle maker Ashok Leyland Ltd on Thursday said it has partnered with South Indian Bank for financing dealers. The company has signed a Memorandum of Understanding (MoU) to provide financing to dealers under the bank's dealer finance programme, Ashok Leyland said in a statement. Under this partnership, the bank will provide competitive dealer finance options to the dealers, it added. "This alliance will offer appropriate inventory financing solutions to our network of dealers," Ashok Leyland Director and CFO Gopal Mahadevan said. South Indian Bank Senior General Manager & Group Business Head, Biji SS said this partnership will meet the business needs of both organisations and create a strong positive impact. "Through our varied financial solutions, our goal is to offer convenient and complete financing choices to the dealers," she added.

Stocks to Watch, April 2: ABFRL, Infy, Hero Moto, AU SFB, Voda Idea, BDL

Stocks to Watch on Tuesday, April 2, 2024: The Board of Aditya Birla Fashion and Retail has authorised to evaluate the vertical demerger of Madura Fashion business into a separate listed entity

Ashok Leyland partners with Minus Zero to develop self-driving trucks

Minus Zero, founded in 2021, is backed by technology venture capital fund Chiratae Ventures among other investors

Ashok Leyland clocks three million vehicles production milestone

Ashok Leyland has been a driving force in the Indian and international commercial vehicle sector with technology at the forefront