In a Q&A, Vipin Sondhi says the ministry's move will help the industry strengthen its product offerings, and give suppliers a chance to participate with OEMs
The commercial vehicle maker had posted a net profit of Rs 274.96 crore for the April-June 2019 quarter
All that happened in the markets today
Ready to expand company's presence in India and multiple overseas markets, says Ashok Leyland chairman
This Metrodecker is a part of the 107 Metrodecker EVs order Optare has received since the product was launched 18 months ago, Ashok Leyland said
Light Commercial Vehicle (LCV) sales dropped by 32 per cent to 2783 units from 4.083 units
Palmer will be taking over from John Fickling, who is stepping down as Chairman due to personal reasons
The high court directed the Union government to file a counter affidavit and rejoinder while listing the matter after five weeks for hearing
The company reported a net loss of Rs 57 crore in Q4FY20 against a net profit of Rs 806 crore in the year-ago quarter.
Discounts from suppliers, no BS-VI inventory and better raw material cost management also helped on the gross margin front.
The domestic market outlook for the truck industry this fiscal depends on when the Covid-19 lockdown is lifted while currently vehicle production is on, senior officials of Ashok Leyland Limited said.
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The company lost 200 basis points market share in M&HCVs in FY20
Company foresees demand picking up, asserts it has not laid off anyone
For fiscal year 2019-20, the company posted a consolidated net profit of Rs 459.80 as compared with Rs 2,194.60 crore in 2018-19
The SGX Nifty was up around 60 points at 7:30 AM, and was indicating an open above 10,300 levels for the Nifty today
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A total of 147 companies, including Apollo Hospitals, Ashok Leyland, and Bank of India are scheduled to announce their quarterly results today
With subdued demand for new vehicles in short term, higher demand is expected for repairs and maintenance of existing fleet
An important innovation in the automobile sector in recent years, albeit restricted to passenger vehicles including four- and two-wheelers, had been customisation