Ashok Leyland Auto

Ashok Leyland strengthens retail presence in east with West Bengal outlet

Hinduja Group flagship company Ashok Leyland has set up a light commercial vehicle dealership in West Bengal, as part of plans to expand its footprint in the eastern region. With the setting up of new facility in Siliguri, the light commercial vehicle distribution network grew to more than 800 touch points, Ashok Leyland said. "We are excited to further strengthen our presence in this region. West Bengal and Eastern India at large, have been a key market for us. We have always recognized the potential this region has and we are excited about the opportunities that lie ahead in this geography. We have been working on creating a strong foothold in this region, and the new dealership in Siliguri will bolster our presence," said company Head-Light Commercial Vehicle Business, Viplav Shah in a statement on Thursday. The new channel partner 'Happie Trucking' has a sales facility at Eastern Bypass Road, SBM Warehouse, Siliguri while service and spares facility in Thakur Nagar, New ...

Ashok Leyland shares drop over 3% as October sales disappoint; details here

The fall in Ashok Leyland share price came on the back of weak October sales numbers

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 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, ...

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.

Ashok Leyland rallies 7% as management eyes solid growth post Q1 show

With healthy order wins in the buses segment in the recent past and stable growth trajectory, ICICI Securities said they are positive on the stock with long term investment horizon.

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 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 to make 1225 buses for Karnataka state transport undertakings

Company says order will strengthen its lead in Indian bus manufacturing

Undeterred by price rise, CV sales likely to set a new record in FY24

Buoyed by improving highway infrastructure, demand for buses has grown by more than 35%. Overcrowded trains are also adding to the growing road-based transport

Ashok Leyland bags order for 1,666 new buses from Tamil Nadu STUs

Ashok Leyland is the fourth-largest manufacturer of buses in the world and India's largest bus manufacturer

Ashok Leyland September sales: Total sales up 9% YoY to 19,202 units

Bus sales for the company more than doubled in domestic sales as Ashok Leyland dispatched 1,851 units in September, which is 119% more than the 847 units sold during the same period a year ago

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 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

Auto major Ashok Leyland secures defence sector orders worth Rs 800 crore

The two vehicles, FAT 4X4 and GTV 6X6 have special capabilities that will be used by the artillery to carry light and medium guns, respectively

To ensure driver comfort, Centre mandates air-conditioning in trucks

I wanted to introduce air conditioners in truck driver compartments from the day I took charge as Minister, Nitin Gadkari said

Escorts, Bajaj-Auto: Trading strategies for auto stocks post Feb sales nos

Auto index trades with a sluggish bias, may lose grip if falls below its 200-DMA