The city-based commercial vehicle maker has been adjusting production at its facilities over the last few months following the automobile slowdown
Companies expect recovery in second half of fiscal as BS VI approaches, claim banks and NBFCs showing greater interest in financing
Ashok Leyland is currently India's largest and the world's fourth largest bus manufacturer
Tata Motors, Mahindra & Mahindra, Bharat Forge and Ashok Leyland from the Nifty Auto index climbed 3 per cent each on the National Stock Exchange.
Early this month, Ashok Leyland said it would observe non-working days ranging from 0-12 days during month of November 2019.
Total income declined 48% to Rs 3,975 cr; company cites 53% drop in industry volumes
Saugata Gupta of Marico to be independent director, while Vipin Sondhi, formerly of JCB, will join Hinduja Group's leadership team
In core areas like modular vehicles, BS VI and a new LCV platform, we have not slowed.
Dheeraj Hinduja is positive the bad times are over and hopes to see his company become a top-10 CV player going forward
The firm has evolved an indigenous mid-NOx technology for BS-VI vehicles, will also introduce a Modular Vehicle Platform to meet the diverse needs of customers
Company reports a 50% drop in domestic M&HCV sales in October, led mainly by a decline in truck volumes
The biggest drop was in trucks, whose sales declined by 59 per cent to 3,335 units in October from 8,124 units in the same month a year ago
The firm's sales declined across categories in September
Domestically, sales of medium and heavy commercial vehicles (M&HCV) slumped 69 per cent to 4,035 units from the 13,056 in the past year
Ashok Leyland has agreed to give 5.42% of the profit of 2018-19 as bonus to employees
Union has earlier demanded 10% payout, but company stood firm on its offer of 5% and at the end of talks, both parties agreed to 5.423%
The company's Pantnagar plant will have as many as 18 non-working days in September, while the Ennore unit would have 16.
The company this week reported a 70 per cent drop in M&HCV truck sales in the domestic market during the month of August
It sold 3,336 units of M&HCV trucks in August as compared to 11,135 units, a year ago.
From sales of medium and heavy commercial vehicles falling by over half in Aug to the GST Council considering a breather for hybrid vehicles in its upcoming meeting, here is today's top business news