Page 8 - Ashok Leyland

Ashok Leyland, REC: 5 Nifty 500 stocks that can slip 10% from here on

AIA Engineering and Ashok Leyland look weak on the chartk, while shares of IDFC Bank and REC look ripe for an interim correction, indicate charts.

At 75, Ashok Leyland shifts to top gear on EV business in India, overseas

Its arm Switch Mobility has captured 20% of India e-bus market within two years of inception; plans two EV products every year for next five years

Ashok Leyland reports 10% rise in sales to 15,576 units in August

Commercial vehicle maker Ashok Leyland on Friday reported a 10 per cent increase in total sales at 15,576 units in August 2023. The same stood at 14,121 units in the same month last year. Total domestic sales were at 14,545 units last month as against 13,301 units in the year-ago period, a growth of 9 per cent, Ashok Leyland said in a regulatory filing. Medium and heavy commercial vehicle sales in the domestic market were 17 per cent higher at 9,013 units as compared to 7,671 units in August 2022, it added. However, sales of light commercial vehicles in the domestic market were down 2 per cent at 5,532 units last month as against 5,630 units in August last year.

Ashok Leyland partners CSB Bank Ltd for vehicle financing solutions

Commercial vehicle maker Ashok Leyland on Thursday said it has partnered with CSB Bank Ltd for offering vehicle financing solutions to its customers. The two companies have signed a Memorandum of Understanding and the partnership will enable them to offer customised financial solutions to the automaker's customers, Ashok Leyland said in a statement. "The partnership with CSB Bank will benefit customers with financial products, which are specifically tailored for a hassle-free experience. Through our vast network of dealerships, we will be able to provide the best financial solutions to our wide range of commercial vehicle customers," Ashok Leyland CFO & Director Gopal Mahadevan said. CSB Bank Group Head and Head, Retail Banking, Narendra Dixit said, "This partnership will enable the bank to grow its portfolio of assets and extend its reach into previously untapped consumer segments.

MSCI shuffle: REC, HDFC AMC, PFC & others to receive upto $214mn inflows

IDFC First Bank, REC, PFC, Ashok Leyland, HDFC AMC, Cummins India, Astral, and Supreme Industries shares are poised to receive $152 to $214 million inflows today

Ashok Leyland expands offering in CNG, launches truck in 18.5 tn segment

Strengthening its CNG portfolio, Ashok Leyland on Monday unveiled the 1922 4X2 truck in the 18.5 tonne segment with multiple cylinder options and four loading span choices. The haulage truck offers industry-best fluid efficiency, power and range (single fill) in its segment, the leading commercial vehicle manufacturer said. President-MHCV, Ashok Leyland, Sanjeev Kumar said, "in an endeavour to expand our product offerings in the CNG segment to strengthen the portfolio, and meet the ever-growing demands of the customers, we have introduced 1922 4X2 truck in the 18.5T segment...this new range will further strengthen our portfolio, helping us improve our market share in the fast-growing CNG space." The truck is powered by an H-series CNG engine with 162 kW (220 hp) and 700 Nm torque. Key features include single-fill range of 1150+ km, multiple CNG cylinder options (including 1,200L) and four loading span options ranging from 6.1m (20 ft) to 9.75m (32ft). The 1922 CNG truck offers the

Ashok Leyland acquires OHM to house E-MaaS business, will invest Rs 300 cr

Electric mobility as a service 'important part' of commercial electric vehicle business, says conglomerate

Ashok Leyland to acquire OHM India as part of EV plan, to invest Rs 300 cr

Hinduja group flagship firm Ashok Leyland on Monday said it will fully acquire OHM Global Mobility Pvt Ltd from OHM International Mobility Ltd and will invest Rs 300 crore into the acquired entity. OHM Global Mobility Pvt Ltd (OHM India) is a wholly-owned subsidiary of OHM International Mobility Ltd UK (OHM UK) and the promoter, Hinduja Automotive Ltd, directly holds 20 per cent and indirectly through other subsidiaries holds 43.23 per cent in OHM UK, Ashok Leyland said in a regulatory filing. The acquisition is a part of the company's EV strategy to engage in the business of eMaaS (e-Mobility as a Service). This would likely result in enhancing the operational efficiency and synergy, it added. OHM India is envisaged to operate in transportation, logistics operation and management and eMaaS. "The company also proposes to infuse fresh equity or preference capital of up to Rs 300 crore in one or more tranches into OHM India for its business requirements," Ashok Leyland said. OHM Ind

REC, Supreme stocks surge on MSCI Global Standard Indexes inclusion

The other inclusions - IDFC First Bank, PFC, Ashok Leyland, Cummins India, Astral and HDFC AMC - were on the expected lines. ACC was the only exclusion

MSCI Global Standard Index review: PFC, REC among 8 entrants; ACC excluded

According to a Nuvama Alternative and Quantitative Research, PFC and HDFC AMC are likely to see inflows of $203 million and $153 million, respectively

Ashok Leyland July sales: Total sales up 11% YoY, bus sales up 56%

Year-to-date domestic sales for the ongoing financial year stood at 53,314 units which was up 7% from 49,839 units during the same period last year

Ashok Leyland embarks on cross-country expedition marking 75th anniversary

Commercial vehicle manufacturer Ashok Leyland has embarked on a 'Dream Drive' expedition that would cover cities and dealerships across the country marking its 75th anniversary celebrations, the company said on Monday. As many as 10 vehicles would be traversing across cities including Bengaluru, Mumbai, Leh, Kolkata, Dibrugarh, on five different routes commemorating the occasion. The Hinduja Group company is headquartered in Chennai. "As we embark on the 'Dream Drive' to mark the 75th year anniversary celebrations of Ashok Leyland, we reflect upon the journey that has run parallel to the development of our nation," company executive chairman Dheeraj Hinduja, who flagged off the event on Sunday, said in a company statement. "The 'Dream Drive' represents our renewed pledge to further shape the future of the CV industry to support India's economic development for years to come," he added.

Sensex drops 888pts, Nifty below 19,750; Infy sinks 8%, HUL, RIL up to 3.5%

Closing Bell on July 21, 2023: The benchmarks snapped their 6-day winning run. Among sectoral indices, the Nifty IT index shed 4 per cent, followed by the Nifty FMCG index (down 1 per cent)

Ashok Leyland Q1 net up 25x to Rs 584 cr; plans Rs 800 cr capex in FY24

Better show propelled by 20-fold surge in sales volume across segments, one-time deferred tax credit of Rs 172 crore

Ashok Leyland Q1FY24 results: Net profit jumps 747%, revenue up 13%

The Ebitda margin in Q1FY24 expanded by 560 basis points to 10% from 4.4% YoY

Indian truckmakers eye electric as one of the ways to tackle pollution

15 companies including Amazon.com Inc., Nestle SA and India's Aditya Birla Group joined forces to advance the electrification of the nation's truck fleet

Defence order wins, market share gains positive for Ashok Leyland

Muted sequential Q1 performance may cap near-term upsides

Stocks to watch: IndusInd Bank, Ashok Leyland, Patanjali Foods, Ircon, IOC

Stocks to watch on July 18, 2023: From Ashok Leyland to Tata Elxsi, check out the top stocks to watch in Tuesday's trading session

Ashok Leyland bags major orders worth Rs 800 crore from Indian Army

Ashok Leyland vehicles, especially the 7.5 tonne Stallion, have formed the backbone of the army's logistics supply chain since the Kargil conflict in 1999

Ashok Leyland bags orders worth Rs 800 cr to supply defence vehicles

Company will deliver to the Indian Army field artillery tractor and gun-towing vehicle