Page 6 - Ashok Leyland

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

Ashok Leyland lays foundation stone for electric bus plant in Uttar Pradesh

The primary focus will be on the production of electric buses while also having the capability to produce other vehicles powered by existing and other emerging alternative fuel

Ashok Leyland's shareholding in UK-based Optare Plc increases to 92.59%

In November last year, Ashok Leyland announced that it would invest Rs 1,200 crore in its electric vehicle arm Switch Mobility, through Optare Plc

Ashok Leyland progressing in network expansion in North & East: Official

Heavy commercial vehicle maker Ashok Leyland has drawn up network expansion plans in the North and Eastern parts of the country, a top company official has said. The Hinduja Group flagship company was also gearing up to launch its electric light commercial vehicles (LCVs) within the next few months. Ashok Leyland in the first nine months of the financial year ending December 31, 2023 reported its highest turnover of Rs 27,100 crore, highest sales volume at 1,38,416 units, EBITDA of Rs 3,014 crore and Profit After Tax of Rs 1,718 crore. "While we have started doing very well now in the North and East zones which have been traditionally our weaker markets, there is certainly ample headroom to grow further. We are progressing well on our network expansion plans, especially in the North and East zones" company Managing Director Shenu Agarwal said. Ashok Leyland to fuel its network expansion plans, has tied up with the diversified conglomerate TVS Group. "We have tied up with the TVS G

Some slowdown likely in elections, confident of growth: Ashok Leyland

The commercial vehicle manufacturer is getting investor interest in Switch and is open to multiple options in funding for the unit, says Dheeraj Hinduja

Ashok Leyland would move towards 35% mkt share in MHCV segments: Hinduja

Hinduja Group flagship Ashok Leyland would safely remain above 30 per cent market share in the medium and heavy commercial vehicle segments and confidently move towards 35 per cent going forward, a top official said on Tuesday. The company expects to continue its growth in the medium, heavy and light commercial vehicle segments. The city-headquartered company reported a 61 per cent rise in net profit of Rs 580 crore on the back of robust sales. The company had posted a net profit of Rs 361 crore in the year-ago period. "The third quarter (of the current financial year) has been the best for Ashok Leyland. Before the start of this financial year we had expected that the medium and heavy commercial vehicle industry will grow at 8-10 per cent. The market has grown by 9 per cent (as of October-December 2023 period). Ashok Leyland has grown by 7 per cent in line with the industry growth and growth in bus segment is at 65 per cent almost twice the industry growth," Dheeraj Hinduja, the ..

Ashok Leyland Q3 results: Net profit jumps 73% to Rs 608.85 crore

The company achieved a historic high commercial vehicle volume of 1,38,416 units in the first nine months of the fiscal year

Ashok Leyland hands over keys of Boss Electric truck to Billion E-Mobility

Hinduja Group flagship company Ashok Leyland has commenced delivery of its intermediate and heavy duty electric trucks to its customers, the company said. The keys of 14T Boss Electric Truck were handed over to Billion E-Mobility at the inaugural edition of the Bharat Mobility Global Expo 2024 in New Delhi, the company said. "Ashok Leyland is proud to deliver the first fully electric vehicle to our customer today. The Boss 4T Electric Truck was showcased in the Auto Expo last year. Today, delivering this road-ready product marks a significant milestone in our journey toward sustainable and efficient transportation," said company Managing Director and CEO Shenu Agarwal in a statement on Saturday. "As we stand on the cusp of a new era, these vehicles represent our firm commitment to lead the transition to green mobility offering advanced technologies focused at meeting the evolving needs of the Indian and global markets," Agarwal said. At the Bharat Mobility Global Expo which is ...

Ashok Leyland total vehicle sales decline by 7% to 15,939 units in January

Commercial vehicle maker Ashok Leyland on Thursday said its total vehicle sales, including exports, declined 7 per cent to 15,939 units in January. It had sold 17,200 units in the year-ago period, according to a statement. The company's total MHCV (Medium and Heavy Commercial Vehicle) sales dipped 8 per cent to 14,899 units last month as against 16,198 vehicles a year ago. The Light Commercial Vehicle (LCV) segment volumes fell 7 per cent to 5,721 units in the reported month from 6,150 vehicles sold in January 2023, Ashok Leyland said.

Ashok Leyland to make 1225 buses for Karnataka state transport undertakings

Company says order will strengthen its lead in Indian bus manufacturing

Ashok Leyland signs MoU with Tamil Nadu govt to invest Rs 1,200 cr

Hinduja Group flagship Ashok Leyland has earmarked investments of Rs 1,200 crore in Tamil Nadu, for taking up overall business expansion over the next three to five years, the company said on Monday. Ashok Leyland Managing Director and CEO Shenu Agarwal exchanged documents with Industries Department Secretary V Arun Roy during the second day of the Global Investors Meet in the presence of Chief Minister M K Stalin here.' The investment of Rs 1,200 crore is assigned for strategic initiatives to drive innovation, technological advancements and overall business expansion, the heavy commercial vehicle maker said in a release. Ashok Leyland is committed to creating employment opportunities for 500-1000 people, both direct and indirect, based on the work demand, it said. "This commitment also reflects the group's vision for sustainable growth and competitiveness in the automotive sector," it added.

From Ashok Leyland to VECV, busmakers' sales entered the fast lane in 2023

Ashok Leyland Limited (ALL) recorded a 64 per cent year-on-year increase in sales of medium and heavy commercial vehicle (MHCV) buses during the April-to-December period of 2023 to 11,216 units

Ashok Leyland wins order to supply 552 buses to Tamil Nadu transport corpn

Commercial vehicle manufacturer will deliver the buses from April 2024

Tamil Nadu CM announces Rs 6,000 aid to people affected by Cyclone Michaung

Corporates too joined the bandwagon in extending aid to the state. TVS Motor Company, India's third largest two-wheeler company has donated Rs 3 crore to the Chief Minister's Relief Fund

Hinduja's Ashok Leyland witnesses 3% decline in total sales in November

Hinduja Group flagship company Ashok Leyland has witnessed a 3 per cent decline in its sales in domestic and overseas markets by selling 14,053 units in November, the company said on Friday. The city-based commercial vehicle maker sold 14,561 units during the corresponding month of last year. Sales of medium and heavy commercial vehicles slipped by 10 per cent in domestic and overseas registering 8,500 units in November 2023, as against 9,474 units sold in the same month of last year. However, the total number of light commercial vehicles sold in domestic and overseas grew by 9 per cent to 5,553 in November this year from 5,087 units sold in November 2022. The cumulative sales till November 2023 rose by 7 per cent, to 1,22,092 from 1,14,370 units sold in the same month of last year. The cumulative sales of medium and heavy commercial vehicles as of November grew by 8 per cent to 76,936 units as compared to 71,356 units sold in the same month of last year. Light commercial vehicl