Page 5 - Ashok Leyland

Ashok Leyland July sales: Total sales up 11% YoY, bus sales up 56%

Year-to-date domestic sales for the ongoing financial year stood at 53,314 units which was up 7% from 49,839 units during the same period last year

Ashok Leyland embarks on cross-country expedition marking 75th anniversary

Commercial vehicle manufacturer Ashok Leyland has embarked on a 'Dream Drive' expedition that would cover cities and dealerships across the country marking its 75th anniversary celebrations, the company said on Monday. As many as 10 vehicles would be traversing across cities including Bengaluru, Mumbai, Leh, Kolkata, Dibrugarh, on five different routes commemorating the occasion. The Hinduja Group company is headquartered in Chennai. "As we embark on the 'Dream Drive' to mark the 75th year anniversary celebrations of Ashok Leyland, we reflect upon the journey that has run parallel to the development of our nation," company executive chairman Dheeraj Hinduja, who flagged off the event on Sunday, said in a company statement. "The 'Dream Drive' represents our renewed pledge to further shape the future of the CV industry to support India's economic development for years to come," he added.

Sensex drops 888pts, Nifty below 19,750; Infy sinks 8%, HUL, RIL up to 3.5%

Closing Bell on July 21, 2023: The benchmarks snapped their 6-day winning run. Among sectoral indices, the Nifty IT index shed 4 per cent, followed by the Nifty FMCG index (down 1 per cent)

Ashok Leyland Q1 net up 25x to Rs 584 cr; plans Rs 800 cr capex in FY24

Better show propelled by 20-fold surge in sales volume across segments, one-time deferred tax credit of Rs 172 crore

Ashok Leyland Q1FY24 results: Net profit jumps 747%, revenue up 13%

The Ebitda margin in Q1FY24 expanded by 560 basis points to 10% from 4.4% YoY

Indian truckmakers eye electric as one of the ways to tackle pollution

15 companies including Amazon.com Inc., Nestle SA and India's Aditya Birla Group joined forces to advance the electrification of the nation's truck fleet

Defence order wins, market share gains positive for Ashok Leyland

Muted sequential Q1 performance may cap near-term upsides

Stocks to watch: IndusInd Bank, Ashok Leyland, Patanjali Foods, Ircon, IOC

Stocks to watch on July 18, 2023: From Ashok Leyland to Tata Elxsi, check out the top stocks to watch in Tuesday's trading session

Ashok Leyland bags major orders worth Rs 800 crore from Indian Army

Ashok Leyland vehicles, especially the 7.5 tonne Stallion, have formed the backbone of the army's logistics supply chain since the Kargil conflict in 1999

Ashok Leyland bags orders worth Rs 800 cr to supply defence vehicles

Company will deliver to the Indian Army field artillery tractor and gun-towing vehicle

Ashok Leyland June total sales up 5% at 15,221 units, CV sales jump 10%

Commercial vehicles maker Ashok Leyland on Monday reported a 5 per cent rise in total vehicle sales in June at 15,221 units. In the year-ago period, total vehicle sales of the company stood at 14,531 units. Total domestic sales were higher by 7 per cent at 14,363 units as against 13,469 units a year ago, the company said in a statement. Domestic medium and heavy commercial vehicle sales were at 9,274 units as compared to 8,399 units in June last year, a growth of 10 per cent, it added. Sales of light commercial vehicles in the domestic market marginally increased to 5,089 units from 5,070 units in June 2022, the company said.

Expect commercial vehicle industry to grow by 8-10%: Ashok Leyand

Ashok Leyland expects the domestic commercial vehicle industry to grow by 8-10 per cent this fiscal aided by record government spending on infrastructure projects and strong replacement demand emanating from core industries. In his address to shareholders in the company's Annual Report for 2022-23, Ashok Leyland Chairman Dheeraj G Hinduja said the commercial vehicle sales this fiscal were expected to exceed the previous peak attained in 2018-19. He noted that the Chennai-based commercial vehicle maker is fully prepared to take advantage of the anticipated opportunities without compromising on market share and profitability targets. "Moving on, it is reasonably expected that in FY24, the demand is expected to exceed pre-COVID levels of 2018-19," he noted. Government infrastructure spending, strong replacement demand and healthy traction from core industries like steel, cement and mining are expected to drive growth, Hinduja said. The company remains optimistic about its ability to b

Ashok Leyland hits record high in subdued market; rallies 8% in two days

The company said it has partnered with 'Aidrivers' for producing autonomous electric terminal trucks to address the Net Zero emissions needs of the port industry

Steady outlook, margin expansion put Ashok Leyland in the fast lane

But some brokerages are cautious, saying M&HCV upcycle may be near its peak

Heavy volumes lift Ashok Leyland 6%; investors pin hopes on better margins

The management expects margins to remain in double digits in FY24E on the back of pricing discipline, softening in commodity prices, and operating leverage gains

Ashok Leyland, Aidrivers to make autonomous truck model for port operations

Companies says first such electric platform in country will help port industry in zero emission

Ashok Leyland seeks pre-pandemic sales volume in FY24 with new launches

Company expects 'highest peak' in sales as MHCV industry grows, says a senior executive

Ashok Leyland, Cholamandalam ink pact to offer dealer financing solutions

Hinduja group flagship Ashok Leyland on Tuesday said it has entered into a strategic partnership with Cholamandalam Investment and Finance Company Ltd to offer financing to dealers. The alliance between the automotive major and the financial institution aims to provide 130 Ashok Leyland dealerships nationwide with an array of comprehensive inventory funding options to address working capital requirements of dealers. "This MoU will facilitate financing solutions for Ashok Leyland's dealers, wherein Cholamandalam will offer its range of financial products across the country," the heavy commercial vehicle maker said in a statement here. "Our dealerships are an essential touchpoint for our customers and play a key role in providing them with the best experience in terms of sales and after-sales support. Hence it is imperative for us to support them in maintaining a good inventory continuously," Ashok Leyland International Operations, Defence and Power solutions President (LCV) Amandeep

Ashok Leyland total sales decline 1% on-year at 13,134 units in May

Commercial vehicles maker Ashok Leyland on Thursday reported a 1 per cent decline in total sales at 13,134 units in May. The company had posted total sales of 13,273 units in May 2022, Ashok Leyland said in a statement. Domestic sales were lower by 1 per cent last month at 12,378 units as against 12,458 units in the year-ago period, it added. Exports were at 756 units as compared with 815 units in May last year, down 7.23 per cent.

Stocks to Watch today, May 24: Adani Group, Max Health, Biocon, Manyavar

Stocks to watch on May 24, 2023: Cummins, Hindalco, India Cements, LIC, National Aluminium, Nykaa and Oil India among prominent companies scheduled to announce Q4 results on Wednesday.