Page 18 - Ashok Leyland

GST reduction, scrappage policy to help revive CV industry: Ashok Leyland

Auto industry body SIAM has been urging the government to reduce the GST rate on vehicles from 28 to 18 per cent, and to introduce an incentive-based scrappage policy

Ashok Leyland launches range of modular trucks customers can restyle

Company says the new model would allow it faster turnaround along with better market coverage.

Ashok Leyland domestic sales decline 90% at 1,277 units amid Covid-19

No M&HCV buses were sold in May; company resumed operations recently after the government relaxed the lockdown norms

PM's reforms-cum-stimulus will help CV industry: Ashok Leyland's Sondhi

The company commenced operations across its facilities

Measures to attract FDI must be backed with proper infra: Ashok Leyland MD

Comment comes at a time when Centre and various State governments are aiming to attract companies looking at shifting their operations out of China

With economic activity in deep freeze, truckmakers wait for signs of thaw

Balance-sheet squeeze makes purchase of trucks impractical, they say

Commercial vehicle makers report zero sales in April amid Covid-19 lockdown

Ashok Leyland has reported zero sales of M&HCV in the month of April as against 8,918 units, in the same month a year ago

Ashok Leyland reports zero sales in April as lockdown adds to woes

M&HCV truck sales in April 2019 was 7,517, bus sales was 1,401, while LCV sales stood at 4,224 units

Scrappage scheme would give demand a boost: Ashok Leyland MD & CEO

A good scrappage policy could help improve efficiency of our transport fleet, reduce pollution and also help boost demand, said Vipin Sondhi

Ashok Leyland acquires 3.36% share in subsidiary Hinduja Leyland Finance

The acquisition is part of the 6.99% acquisition approved by the board of directors at a meeting held on March 21

Ashok Leyland acquires 3.36% share in Hinduja Leyland Finance

The acquisition is part of the 6.99 per cent acquisition approved by the Board at the meeting held on March 21, 2020.

Ashok Leyland to resume operations at Alwar, Bhandara, Pantnagar plants

Company will restart production in line with demand after preparing supply chain.

Competitors join hands to tide over supply-chain challenges amid lockdown

Towards the end of last week, at least three such tie-ups were announced

Auto stocks decline as March sales plunge amid coronavirus lockdown

At the index level, the Nifty Auto index was down 1.4 per cent as compared to 1.3 per cent decline in the Nifty50 index

Ashok Leyland domestic sales skid 91% in March, Eicher total sales dip 83%

Eicher's commercial vehicle (CV) sales dropped by 81 per cent to 1,409 units during the month from 7,329 units, a year ago

Ashok Leyland picks 3.62% stake in Hinduja Leyland Finance for Rs 202 cr

It may be noted that Ashok Leyland decided to acquire 9% stake in HLFL as against its original plan to acquire 19%

Ashok Leyland to cut investment in Hinduja Leyland Finance to Rs 390.49 cr

The AL board continues to believe that the proposal to raise the shareholding in HLFL was consistent with the philosophy to prevent any future dilution based on HLFL's growth plans

Ashok Leyland hits over 5-year low on HLFL stake purchase proposal

Ashok Leyland on Wednesday announced that it would acquire around 7 per cent stake from the existing private equity investor Everstone and around 12 per cent from promoter owned entity

Ashok Leyland shares fall 26%, touch a fresh 52-week low of Rs 47.25

A month later, now, the company announced that it would invest Rs 1,200 crore to buy stake in HFL

Ashok Leyland to acquire additional 19% stake in Hinduja Leyland Finance

The cost of acquisition will be not be exceeding Rs 1,200 crore, on cash consideration