Page 11 - Ashok Leyland

Ashok Leyland sales slip 2% to 12,518 units in December 2021

Hinduja flagship firm Ashok Leyland on Monday reported a 2 per cent decline in total commercial vehicle sales to 12,518 units in December 2021. The company had sold 12,760 units in the same month in 2020, Ashok Leyland said in a statement. Domestic sales were down 3 per cent at 11,493 units in the month under review, as against 11,855 units in December 2020, it added. However, medium and heavy commercial vehicle sales were up 9 per cent at 6,752 units in December 2021, compared to 6,173 units in the year-ago month. Sales of light commercial vehicles in the domestic market were down 17 per cent at 4,741 units, as against 5,682 units in December 2020, the company said.

Tata Motors, Bajaj Auto: Near-term headwinds may keep auto shares volatile

Going ahead, analysts at Motilal Oswal Financial Services see easing semiconductor supplies supporting PV wholesales, but the two-wheeler segment will take time to recover

Ashok Leyland ties up with Shriram Auto Mall to enter used vehicle business

Hinduja group flagship firm plans to use expertise in commercial vehicles to streamline market it is taking up.

Ashok Leyland announces new truck that has load flexibility, saves costs

The company said that the new product offers operational flexibility to customers to choose the option based on their load, offering best-in-class total cost of operation benefits.

Ashok Leyland's commercial vehicle sales slip 2% to 10,480 units in Nov

Hinduja flagship firm Ashok Leyland on Wednesday reported a 2% decline in total commercial vehicle sales to 10,480 units in November.

Vipin Sondhi steps down as CEO of Ashok Leyland; cites 'personal reasons'

Dheeraj Hinduja, to assist in business continuity and ensure a seamless transition

Ashok Leyland to focus on CNG and LNG products in green mobility push

Firm has dedicated existing testing facility in Hosur towards alternative fuel, aims to have complete portfolio of commercial vehicles in this space in next 2-3 years

Slew of products, starting with CNG and LNG planned; Ashok Leyland

Ashok Leyland today announced several initiatives to build a green mobility future

Ashok Leyland to strengthen presence in North-East; launches 3S dealership

: Hinduja Group flagship Ashok Leyland on Tuesday said it would open 10 outlets in the North Eastern parts of the country to strengthen its presence in the region and meet rising demand and inaugurated a dealership in Guwahati as part of the exercise. The Chennai-headquartered heavy commercial vehicle maker also delivered 33 full built 4,825 trucks to cement major Dalmia Cements in the city. "Our presence in the North East just got strengthened today with the inauguration of our state-of-the-art 3S (sales, service and spares) 18 bay dealership -- D R Brijmohan & Sons in Guwahati, Assam. Wishing the Team the very best", Ashok Leyland MD and CEO Vipin Sondhi said in a tweet. The dealership, spread across 1.15 lakh square feet, is located in Lokhra, the transport hub of Guwahati. "Ashok Leyland also has 10 upcoming outlets in Assam, Meghalaya, Arunachal Pradesh and Tripura to cater to the rising demand in North-East India", a company statement said. On the delivery of 33 fully built .

Ashok Leyland's quest for digital solutions gets data monetisation boost

The company is now carving out a new and future revenue stream through data monetisation

Driving the change: Ashok Leyland charts a global electric vehicle path

Plans to expand business to Europe, Africa, Southeast Asia, West Asia and Japan; draws roadmap to come up with end-to-end zero carbon mobility

M&HCV market share loss throws a wrench in Ashok Leyland stock

Demand revival, new launches and mix change could aid volumes, margins

Ashok Leyland arm Switch Mobility to supply 300 e-buses to Bengaluru

The fleet and charging infra will be supplied, run and maintained by Switch for 12 years on gross cost contract (GCC) basis under the FAME II Scheme

Ashok Leyland working on commercial vehicles powered by hydrogen

A team is currently engaged in developing hydrogen-powered commercial vehicles, an official said

Ashok Leyland seeks investors for EV arm; sets sight on used-vehicle biz

In the EV space, the firm plans to invest $150-200 million over five years and come out with its first electric light commercial vehicle in India by December end

Ashok Leyland Q2 net loss narrows to Rs 83 crore YoY, revenue up 57%

During the quarter, the company's raw material cost increased by 61 per cent from Rs 1,922 crore during Q2FY21 to Rs 3,093 crore in Q2FY22

Ashok Leyland inducts Shom Ashok Hinduja as additional director on board

The appointment based on the recommendation of the nomination and remuneration committee, is subject to the approval of the shareholders

Ashok Leyland posts 11% growth in vehicles sales at 11,079 units in October

The company had sold a total of 9,989 units in the same month last year

Ashok Leyland, Biocon look good on charts for a rebound: Ajit Mishra

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Vinay Rajani recommends buying these stocks; hold Nifty with stop at 18,000

The technical analyst from HDFC Securities suggests that Ashok Leyland has one of the strongest set-up on the charts in the auto space