Page 25 - Ashok Leyland

Ashok Leyland increases stake in UK-based Optare by 23%

The UK arm is one of the leading manufacturers of single decker, double-decker buses and electric buses

Road ahead might be better for Ashok Leyland

Commercial vehicle (CV) major Ashok Leyland had a below expectation performance for the quarter ending September on most parameters. However, the road ahead is expected to be better, with analysts believing it should do well in the second half of 2017-18.Net sales at Rs 6,047 crore (up 31 per cent year-on-year), operating profit at Rs 609 crore (up 13.5 per cent) and net profit at Rs 334 crore (up 13.5 per cent) were below the Bloomberg consensus estimates of Rs 6,178 crore, Rs 680 crore and Rs 384 crore, respectively.The management said this was satisfactory in the current market condition. Demonetisation, shift to BS-IV emission norms and the new goods and services tax (GST) affected industry volumes in the past few quarters.Volumes rebounded in the September quarter, the second (Q2) of this financial year; Leyland's grew 22 per cent over a year to 26,964 units. Its best quarter in terms of volume but operational performance took a hit due to unusual industry trends. Industry ...

Ashok Leyland Q2 net profit up 14% at Rs 334 cr, exports up 39%

Managing Director Vinod K Dasari said the robust market share growth despite all the challenges exemplified Ashok Leyland's technological leadership

Ashok Leyland tries waterways to send cargoes to Bangladesh

A ship carrying 185 trucks was flagged by Union Minister for Shipping, Road Transport and Highways Nitin Gadkari from Chennai Port to Mongla Port, Bangladesh

Ashok Leyland receives stay order against disqualification of its directors

Ashok Leyland has said that it has received a stay order from the High Court of Delhi against the direction of Ministry of Corporate Affairs disqualifying its directors from acting as directors of the companies. There were reports that the name of Vinod Dasari, managing director of the company, has found its place in the list of directors diqualified by the MCA earlier.The company, in a regulatory filing without naming the director, said that the directors of the company has filed a petition on October 10, 2017, with the High Court of Delhi and the Court has stayed the MCA's direction till the next date of hearing, which is November 1, 2017. The matter has also been brought to the Notice of the Board of Directors of the company, it said.According a report, Dasari, along with other industry stalwarts including Pawan Goenka, managing director of Mahindra and Mahindra Ltd, Srinivasan Sandilya, from Eiocher Motors were directors in a firm which did not submit its annual returns for three .

Ashok Leyland's sales up by 28% in September

Ashok Leyland reported a 27.53 per cent jump in total sales

Ashok Leyland hits new high; stock surges 42% in H1FY18

So far in September 2017, the stock rallied 13% against 1% decline in the S&P BSE Sensex

Multiple growth triggers for Ashok Leyland

Ashok Leyland has gained 20 per cent on the bourses over the past month on expectation of a recovery in volume growth in the second half of the current financial year and, more important, additional market share gains in the commercial vehicle (CV) space. It is also taking other steps to help propel growth rates. After having gained 11 percentage points in market share in the medium and heavy CV (M&HCV) space over the past five years, it is expected to add a further 100-200 basis points (bps) over FY17-19. IDFC Securities believes the company will expand market share by an incremental 100 bps over the next three years due to new products, improved services to fleet owners and expansion of distribution network. Quant Broking's analysts peg the extra market share gain at 210 bps over FY17-19, given the success of its BS-IV range of vehicles and product pipeline in both medium and heavy CVs.Domestic growth so far in the year has been disappointing, with year-to-date volumes declining

Ashok Leyland signs MoU with Russian, Indian firms for defence supply

To provide tracked vehicle solutions to Indian armed forces

Ashok Leyland aims to build big business around LCVs, launches 'DOST +'

BS ReporterHyderabad, 4 September: Hinduja Group's flagship company Ashok Leyland on Monday announced the launch of 'Dost +'- the new light commercial vehicle(LCV) from its stable. It would be launched nationally in a phased manner starting with Telangana.Viewed as an important game changer in the country's commercial vehicle market, the new LCV targets the upper end of the small commercial vehicle space in the 2-3.5 tonne segment, according to the company. Its new product launch comes at a time the LCV sales in India grew 20 percent in the first five months of the current financial year, while there was a corresponding 20 percent dip in medium to heavy vehicle sales volumes. "There is a headroom for further growth of LCV segment in India in line with the global trend. We want to grow and establish ourselves as a full-fledged player with multiple models targeting each addressable segment in LCV space. That is reason why we had acquired the LCV business from our JV partners," Nitin ..

Ashok Leyland's August sales up 25% at 13,634 units

For the period between Apr to Aug 2017, total sales rose by 3% to 54,113 units from 52,554 units

Ashok Leyland and IIT Madras to research battery tech for electric vehicles

Ashok Leyland has partnered with IIT Madras to carry R&D activities for strengthening battery engineering and related sub-parts, especially for Electric Vehicles. IIT Madras is the first institution to set up such an initiative to develop the Electric Mobility ecosystem in India with industry participation.Ashok Leyland will sponsor the Centre of Battery Engineering (CoBE) at IIT Madras. Karthick Athmanathan, Head, Electric Vehicles and e-Mobility Solutions, Ashok Leyland, said that with this initiative in battery engineering, ALL to be participants in India's aggressive push to stay ahead of the curve as far as electric mobility is concerned.CoBE at IITM will be a key partner in the country's electric mobility vision and will help to understand this technology better and stay ahead of global players. It may be noted, in August, Ashok Leyland has formed a strategic alliance with SUN Mobility, promoted by Chetan Maini, founder of Reva and Uday Khemka to develop electric mobility ...

Ashok Leyland eyes Rs 1,000 cr revenue from digital platforms

Ashok Leyland's digital market place consists of four apps

Ashok Leyland bags Rs 650 cr order for 3,019 buses

Order is one of the largest from a state transport undertaking

Ashok Leyland bags Rs 650 crore order from KSRTC for 3,019 buses

Ashok Leyland, flagship of the Hinduja Group, has bagged an order worth Rs 650 crore from KSRTC.The order to supply 3019 buses is one of the largest from a State Transport Undertaking for a single OEM, would be executed in the current financial year which would help Ashok Leyland in furthering its leadership position in buses. Vinod K. Dasari, Managing Director, Ashok Leyland, said, "We are very happy to receive the confirmation of this order from KSRTC. Our ability to bring value to customers like KSRTC, is a testament to our superior technology and innovation, combined with low costs." T. Venkataraman, Senior Vice President, Global Buses, Ashok Leyland, said. "Our buses are durable, robust, and employ the latest in technology. The cost of ownership and the product experience which we can deliver is the best in the industry. Our in-depth understanding of what works for our markets and customers is what differentiates us and has helped us win this order from KSRTC." This order will .

Ashok Leyland well poised to drive up market share, margins

Despite near-term disappointment due to muted Q1, multiple drivers will help company outpace rivals

Ashok Leyland reaches highest market share ever in Q1 at 34.7%

Country's second largest commercial vehicle maker Ashok Leyland has achieved its highest ever market share of 34.7 per cent during the first quarter ended June 2017. The major contributor is iEGR (Exhaust Gas Recirculation) technology for BS-VI engines launched in April 2017, said Dheeraj G Hinduja chairman of the company.He said despite all difficult situations and increase in competition the company has increased its market share, which is not an easy task, due to the investments the company made in technology, plants and products.Hinduja said, the company is positioned well to capture the upsides owing to developments in the economic and business environment, some of which are local phenomena and some triggered by global trends."There is growing confidence that we are on track to consolidate our market gains in India sustainably and pioneer market relevant technologies in our field," said Hinduja.Vinod K Dasari, managing director, Ashok Leyland said that the company has got ...

Ashok Leyland's total sales rise 11% to 12,330 units in June

The M&HCV sales rose to 9,202 units and LCV sales rose to 3,128 units in June

Ashok Leyland bets on fully built trucks to boost top line

As the battle for market share in the medium and heavy commercial vehicles (MHCV) gains momentum, players like Ashok Leyland Ltd (ALL) are enhancing focus on fully built units (FBUs) in the trucks segment. From a current share of 20 per cent, ALL aims to take the share of FBUs in its overall sales to 50 per cent within the next two to three years. FBUs are basically ready-to-use trucks customised for the type of good to be transported. The company is in talks with its supplier partners to develop more FBUs. Anuj Kathuria, president, global trucks, ALL said "We plan to offer more and more ready to use vehicles to our customers. We are already working with our supplier partners on the same. This would help improve the topline as the ticket size would increase." At present, FBUs account for nearly 20 per cent of its truck sales, and in the next two to three years ALL plans to take this up to 50 per cent of its vehicle sales, Kathuria informed. ALL has a manufacturing capacity of about ...

Ashok Leyland gains after block deal

At 09:21 am; around 10.98 million shares changed hand on the BSE in single block deal.