Page 22 - Ashok Leyland

Ashok Leyland eyes partnerships in EV space in bid to pare huge R&D costs

In traditional internal combustion engine segment, however, Hinduja group flagship firm would like to go on in its own

Ashok Leyland eyes CIS countries, Africa for setting up assembly plants

Commercial vehicle major Ashok Leyland is looking to set up more assembly plants overseas, including the CIS region and African countries, as part of plans to scale up its global operations, a top company official said. The company is banking on its new range of medium and heavy commercial vehicles (M&HCV) and light commercial vehicles (LCVs) to help it enter new regions beyond its traditional stronghold such as the Middle East, SAARC countries and pockets of Africa. The Chennai-based Hinduja flagship firm is in the process of developing a new modular platform on which it plans to roll out its future medium and heavy products from next year. The company, which has earmarked a capex of Rs 1,500 crore for various projects during the current fiscal, is also working on a separate platform for light commercial vehicles (LCVs). The company expects to roll out the new range of products from April next year. "In some markets where volumes are promising we can also put some assembly ...

Ashok Leyland: Sales of domestic trucks down 4%

Total vehicles sales in the domestic market during the month grew one per cent to 17,352 units in February 2019

Heavy discounting, muted demand likely to impact Ashok Leyland's margins

Ashok Leyland's volume performance is expected to remain subdued over the next few months

Ashok Leyland net profit drops 21% at Rs 380 crore in December quarter

The company says it is looking for ways to overcome a dependence on one segment of products

Ashok Leyland Q3 net profit dips 21 pc to Rs 381 cr, says hopeful about LCV

The company's total income declined by 12.3 per cent to Rs 6346.04 crore during the quarter, compared to Rs 7232.39 crore in the corresponding quarter of previous year.

Laid path to make Ashok Leyland great company from average: MD Vinod Dasari

In a Q&A, the CV man of the South, as he is known, talks about his 14-year stint at the company, and the road map he laid to catapult it into big league

Ashok Leyland hits 20-month low on growth concerns

The stock was down 4.5% at Rs 86.55, trading at its lowest level since May 25, 2017, on the BSE.

Ashok Leyland hits 18-month low on weak December sales

The stock was down 6% in past three days, trading at Rs 95.95, its lowest level since July 3, 2017 on the BSE.

Ashok Leyland acquires 27.25% more stake in AAL; shareholding ups 76.25%

Shares of Ashok Leyland Wednesday ended 2.44 per cent down to Rs 100.05 apiece on the BSE

Ashok Leyland's M&HCV sales drop by 29% in December; LCV sales grow by 27%

Total sales dropped by 20 per cent in December 2018 to 15,493 units from 19,251 units

Ashok Leyland, Israel's Elbit Systems sign MoU for high mobility vehicles

The integrated systems are targeted for worldwide export markets

Ashok Leyland could be worst affected as brokerages lower M&HCV estimates

If the pressure on M&HCV continues, analysts are expected to revise their volume and earnings estimates downwards for the current year

Ashok Leyland falls 4% as November auto sales decline

The stock dipped 4% to Rs 107 on the BSE, close to its 52-week low of Rs 103 after the commercial vehicle major registered a 9% decline in auto sales in November.

Ashok Leyland reports 18% decline in M&HCV sales in November

Ashok Leyland's total sales dropped by nine per cent to 13,121 units from 14,457 units in November 2017.

We're well on track to meet BS-VI emission norms, says Ashok Leyland

Hinduja group's flagship firm Ashok Leyland Monday said it is well on track to meet the upcoming BS-VI emission norms across its medium and heavy commercial vehicles (M&HCV) range. The Chennai-based company said it has achieved internal milestone regarding the development of BS-VI emission technology across its M&HCV range. "We have now achieved our internal milestone on emission capability for our entire range of M&HCV vehicles," Ashok Leyland Senior VP Product Development N Saravanan said in a regulatory filing. The company's new technology continues to build upon the successfully proven iEGR engine platform, he added. "We are now well on track in our preparedness for the 2020 launch," Saravanan said. In 2016, the government had announced that India would skip BS-V norms altogether and adopt BS-VI norms. It had stated that from April 1, 2020, only vehicles complying with the latest emission norms would be manufactured, while giving three months time to automobile firms ..

Ashok Leyland says its medium, heavy commercial vehicles ready for BS-VI

Company continues to build upon the proven iEGR engine platform

Dasari's sudden exit from Ashok Leyland may cause some short-term concerns

Ashok Leyland's share price fell 10.5 per cent on Wednesday to close at Rs 106.60 on the BSE, their lowest in a little over a month. The market was partly reacting to the announcement that Vinod K Dasari, managing director and chief executive officer (MD & CEO), would resign after 14 years with the commercial vehicle (CV) and defence equipment maker. The company's September quarter results having missed analysts' estimates was also responsible for the stock's fall.Dasari's decision not only surprised the market but even the company's chairman, Dheeraj Hinduja, who said he was "surprised" and that it was "unexpected". Dasari had said, "It is not a knee-jerk reaction to any issue but an amicable separation. I have decided to pursue other interests."Brokerage houses were divided on the development. Nomura maintained a 'neutral' rating on the stock, while stating Dasari's resignation might cause some short-term concerns. Chirag Shah of Edelweiss Research recommended a 'buy', stating ..

Ashok Leyland shares down by 8%, after MD & CEO Vinod K Dasari quits

In the interim, the company's Chairman Dheeraj Hinduja will oversee the responsibilities as Executive Chairman

Ashok Leyland falls 9% after Vinod Dasari steps down as CEO

The stock dipped 9% to Rs 108 on BSE in early morning trade after Vinod K Dasari quit as Managing Director and Chief Executive Officer of the company, effective March 31, 2019.