Page 9 - Ashok Leyland

Ashok Leyland June total sales up 5% at 15,221 units, CV sales jump 10%

Commercial vehicles maker Ashok Leyland on Monday reported a 5 per cent rise in total vehicle sales in June at 15,221 units. In the year-ago period, total vehicle sales of the company stood at 14,531 units. Total domestic sales were higher by 7 per cent at 14,363 units as against 13,469 units a year ago, the company said in a statement. Domestic medium and heavy commercial vehicle sales were at 9,274 units as compared to 8,399 units in June last year, a growth of 10 per cent, it added. Sales of light commercial vehicles in the domestic market marginally increased to 5,089 units from 5,070 units in June 2022, the company said.

Expect commercial vehicle industry to grow by 8-10%: Ashok Leyand

Ashok Leyland expects the domestic commercial vehicle industry to grow by 8-10 per cent this fiscal aided by record government spending on infrastructure projects and strong replacement demand emanating from core industries. In his address to shareholders in the company's Annual Report for 2022-23, Ashok Leyland Chairman Dheeraj G Hinduja said the commercial vehicle sales this fiscal were expected to exceed the previous peak attained in 2018-19. He noted that the Chennai-based commercial vehicle maker is fully prepared to take advantage of the anticipated opportunities without compromising on market share and profitability targets. "Moving on, it is reasonably expected that in FY24, the demand is expected to exceed pre-COVID levels of 2018-19," he noted. Government infrastructure spending, strong replacement demand and healthy traction from core industries like steel, cement and mining are expected to drive growth, Hinduja said. The company remains optimistic about its ability to b

Ashok Leyland hits record high in subdued market; rallies 8% in two days

The company said it has partnered with 'Aidrivers' for producing autonomous electric terminal trucks to address the Net Zero emissions needs of the port industry

Steady outlook, margin expansion put Ashok Leyland in the fast lane

But some brokerages are cautious, saying M&HCV upcycle may be near its peak

Heavy volumes lift Ashok Leyland 6%; investors pin hopes on better margins

The management expects margins to remain in double digits in FY24E on the back of pricing discipline, softening in commodity prices, and operating leverage gains

Ashok Leyland, Aidrivers to make autonomous truck model for port operations

Companies says first such electric platform in country will help port industry in zero emission

Ashok Leyland seeks pre-pandemic sales volume in FY24 with new launches

Company expects 'highest peak' in sales as MHCV industry grows, says a senior executive

Ashok Leyland, Cholamandalam ink pact to offer dealer financing solutions

Hinduja group flagship Ashok Leyland on Tuesday said it has entered into a strategic partnership with Cholamandalam Investment and Finance Company Ltd to offer financing to dealers. The alliance between the automotive major and the financial institution aims to provide 130 Ashok Leyland dealerships nationwide with an array of comprehensive inventory funding options to address working capital requirements of dealers. "This MoU will facilitate financing solutions for Ashok Leyland's dealers, wherein Cholamandalam will offer its range of financial products across the country," the heavy commercial vehicle maker said in a statement here. "Our dealerships are an essential touchpoint for our customers and play a key role in providing them with the best experience in terms of sales and after-sales support. Hence it is imperative for us to support them in maintaining a good inventory continuously," Ashok Leyland International Operations, Defence and Power solutions President (LCV) Amandeep

Ashok Leyland total sales decline 1% on-year at 13,134 units in May

Commercial vehicles maker Ashok Leyland on Thursday reported a 1 per cent decline in total sales at 13,134 units in May. The company had posted total sales of 13,273 units in May 2022, Ashok Leyland said in a statement. Domestic sales were lower by 1 per cent last month at 12,378 units as against 12,458 units in the year-ago period, it added. Exports were at 756 units as compared with 815 units in May last year, down 7.23 per cent.

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Stock market live updates: The SGX Nifty, on Tuesday, indicated a firm start as it quoted 18,359 levels, up 24-odd points

Ashok Leyland Q4 results: Profit falls 17% to Rs 751 crore, revenue up 33%

The company's consolidated revenue from operation rose by 32.95 per cent to Rs 11,626 crore for the March quarter

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Ashok Leyland Apr sales rise 10% to 12,974 units, exports marginally down

Commercial vehicles maker Ashok Leyland on Tuesday reported a 10 per cent increase in total sales at 12,974 units in April 2023, as compared to the same month last year. The company had registered total sales of 11,847 units in the same month a year ago, Ashok Leyland said in a regulatory filing. Domestic sales also rose 10 per cent last month at 12,366 units, as compared to 11,197 units in April 2022. Exports were marginally down at 608 units last month, as compared to 650 units in the year-ago period.

Ashok Leyland takes digital route with 'Re-AL' to tap used vehicle biz

Hinduja Group flagship company Ashok Leyland has rolled out an e-marketplace 'Re-AL' for used commercial vehicles segment, the automajor said on Saturday. The e-marketplace facility would help customers to exchange their existing vehicles and upgrade to a truck or a bus offered by Ashok Leyland. "The used commercial vehicle industry is ripe for disruption. Leveraging our digital platform, there are many opportunities for us to provide customer centric solutions," Ashok Leyland MD and CEO Shenu Agarwal said. The city-based heavy commercial vehicle maker, in a statement, said it hopes to increase transparency in the otherwise disorganised used vehicle ecosystem. The digital service would offer customers with a range of features allowing them to select preferred vehicles of their choice along with validated documents. "This used vehicle e-marketplace solution marks a significant milestone in our digital transformation journey," the CEO said. Ashok Leyland President, Medium and Heavy

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At 23,926 units, Ashok Leyland reports 19% rise in sales in March 2023

Hinduja Group flagship Ashok Leyland has reported a 19 per cent rise in its sales in domestic and overseas markets at 23,926 units, the company said on Monday. The city-based heavy commercial vehicle maker had sold 20,123 units in the corresponding month of last year. Cumulative sales made by the auto major till March 2023 grew by 50 per cent to 1,92,205 units from 1,28,326 units sold in the corresponding period of last year, Ashok Leyland said in a statement. Total sales of medium, heavy and light commercial vehicles sold in March in the domestic market grew by 23 per cent to 22,885 units from 18,556 units sold in the same month of last year. Cumulative sales of medium, heavy and light commercial vehicles till March in the domestic market grew by 54 per cent to 1,80,916 units from 1,17,312 units made last year, the company said.

Ashok Leyland MHCV volume 91% in FY23, sees industry demand gaining

Company increases market share in commercial vehicle segment, credits 'development initiatives in key industries'

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Ashok Leyland unveils all-women production line at Tamil Nadu plant

Heavy commercial vehicle maker Ashok Leyland has unveiled a new production line that would produce engines at its manufacturing facility in Hosur completely operated by women employees, the company said on Friday. The initiative to introduce an all-women production line is to promote women empowerment and encourage them take up roles in manufacturing industry. Ashok Leyland, the flagship company of Hinduja Group, has set up this new line with 80 women employees. "At Ashok Leyland, diversity and inclusion has always been a priority, and we have been providing equal opportunities irrespective of gender and ethnicity. Giving women these opportunities would enhance not only their lives, but also the lives of their families and community," Ashok Leyland Managing Director and CEO Shenu Agarwal said. "This initiative is in line with our brand philosophy of 'Koi Manzil Door Nahin' as we aim to up skill and generate employment for these women..we recognise the importance of establishing a ..