Page 26 - Ashok Leyland

Ashok Leyland seems in top gear with market share, margin gains

Ashok Leyland ended FY17 on a strong note, delivering better than estimated financials for the quarter ended March. The strong results saw the stock gain 4.6 per cent in trade on Thursday. Boosted by higher volumes and realisations, net sales at Rs 6,618 crore were up 11 per cent over the year-ago quarter and better than the consensus estimate of Rs 6,515 crore. A major part of the volume gain came from the medium and heavy commercial vehicle (M&HCV) segment, which grew by nearly 10 per cent. Light CVs, lagging, were up two per cent. The higher M&HCV volumes were largely due to the pre-buying of BS-III emisison standard vehicles in March, with the company selling about 15,000 units, highest for a month in a little over two years.The company also outdid analyst expectations on the operating front, reporting a profit of Rs 727 crore. Operating profit margin at 11 per cent for the quarter were better than the 10.3 per cent pegged by analysts. Gopal Mahadevan, chief financial ...

Ashok Leyland swings back into profit in Q4 as vehicle sales grow

Ashok Leyland said sales of medium and heavy commercial vehicles rose 10% to 38,643 units

Ashok Leyland's quality climb

How the commercial vehicle maker achieved a quality turnaround

Ashok Leyland expects to increase defence business to Rs 5,000 cr

Hinduja Group flagship firm Ashok Leyland is looking at growing the defence business to Rs 5,000 crore from around Rs 500 crore in the coming years.Vinod K Dasari, managing director, Ashok Leyland said that in short-term, i.e. in the next five years ALL plans to grow the defence business by 3X. He was talking on the sidelines after showcasing indigenously developed Intelligent Exhaust Gas Recirculation (iEGR) technology for BS4 engine."We have developed capablities to bid for 20-25 per cent of the tenders of the Indian army as against one per cent earlier," said Amandeep Singh, who heads the defence business in Ashok Leyland.The company has bagged tenders for mine protected vehicle and bullet proof vehicles from the security agencies and targets threefold business increase from its defence vertical, he said.Speaking about Light Commercial Vehicle, Nitin Seth, president - LCV, Ashok Leyland said that company plans to double its market to 30 per cent in the domestic LCV business. To ...

Ashok Leyland hopes to be among top 10 M&HCV players in 3 yrs

The company is setting up new manufacturing facilities at Andhra Pradesh and Telegana

Won't incur any loss due to SC ban on BS-III vehicle sales: Ashok Leyland

Commercial vehicle major Ashok Leyland said that it will not have any financial effect due to Supreme Court's ban on the sale of BS-III vehicles.Vinod K Dasari, managing director, Ashok Leyland said that the company had 10,664 BS-III vehicles and 90 per cent of that was with the company.ALL dealers don't carry stocks beyond more than 5-7 days and always it has been cash and carry.The moment Supreme Court order came in, the company told the dealers not to panic and the company would back them, said Dasari after showcasing indigenously developed Intelligent Exhaust Gas Recirculation (iEGR) technology for BS4 engine.Dasari said that though it was painful, financially the company will not have any impact since the retro-fitment loss of around Rs 20 crore can be easily taken from the aftermarket.He narrated, company sold around six lakh BS-III vehicles over the years, around 5-10 per cent of vehicles are replacing engines every year which translates to around 30,000 engines an year."Net ...

Ashok Leyland plans to set up a facility in Jharkhand

Commercial vehicle major Ashok Leyland Ltd (ALL) is planning to set up a new facility in the state of Jharkhand. This will be the first major automobile investment in the State, which has identified the sector one of the key drivers to put Jharkhand as one of the industrial hubs in the country.While both Government and company did not comment about investment, sources said that to start with the company may look at investment of around Rs 500 crore and will later increase the investment based on the demand.Sanjay Kumar, principal secretary to the chief minister of Jharkhand confirmed the development and said that senior members of Hinduja Family met the Chief Minister and held discussions. He did not share more details.Company's spokesperson said "still in planning stage. Further details will emerge after due process of studying the market potential".The company has manufacturing footprint spread across the globe with eight plants; including one at Ras Al Khaimah (UAE).In India they ..

Increased truck sales, new models help Leyland claw back market share

Among the top three commercial vehicle (CV) makers, only Ashok Leyland gained market share in the medium and heavy (M&HCV) segment during the December quarter. The other two, Tata Motors and Eicher, saw a dip.Leyland's share rose to 34 per cent, from 30.2 per cent in the same quarter a year before. Tata Motors' dropped to 51.6 per cent, from 54 per cent a year before. Eicher's dropped to 10.2 per cent, from 11.6 per cent, according to Kotak Institutional Equities research, based on data from the Society of Indian Automobile Manufacturers.Gopal Mahadevan, chief financial officer at Leyland, said the rise was driven by improvement in the truck market share by 4.8 percentage points. Truck volumes saw an increase across zones and product segments. Leyland's introduction of new vehicles in the intermediate CV space, Guru and Sunshine, helped in the growth. And, expansion of its network.Its capacity utilisation was also best in the industry during 2016; in M&HCV, it was 75 per ...

Ashok Leyland eyes a third of ICV market share

Company to also focus on expanding its international footprint to mitigate risk from cyclic nature of CV market

Ashok Leyland sets its sights higher as Nissan JV ends

The automaker has set a target to increase its market share to 30 per cent from 22 per cent today

In a joint venture, Ashok Leyland opens new assembling facility in Dhaka

The project is a collaboration between the company and IFAD Autos of Bangladesh

Ashok Leyland sales up by 8% in January 2017

The company has sold 12,056 units in January 2017 as compared to 11,208 units, in January 2016

Ashok Leyland Q3 net profit dips 13% to Rs 185.88 cr

The company said that Q3 has been quite challenging due to the steep increase in material cost

Ashok Leyland launches new LCV 'Partner' after Nissan break up

The vehicle will be made available to customers through the firm's 375 outlets across the country

Will look into deploying our own LCV products: Nitin Seth

Interview with Ashok Leyland's President (LCV & defence)

Ashok Leyland's December sales down by 12% at 10,731 units

Sales of medium and heavy commercial vehicles fell by 9% to 8,782 units in December

Ashok Leyland expects good growth in Q4, says CFO

Ashok Leyland's total sales were up 3% during April to November

Ashok Leyland completes acquisition of LCV business from Nissan JV

Ashok Leyland buys out Nissan's stake in 3 JVs for Rs 3

Ashok Leyland's Pantnagar facility bags global quality management award

The global award is the oldest and most recognised quality award in the world and is conferred upon companies with established processes of management for business operations

Ashok Leyland: Margins major positive

Despite sales volumes falling by 10 per cent in Q2, earnings were ahead of estimates