Page 8 - Ashok Leyland

Ashok Leyland Q2 net profit increases to Rs 199 cr as sales improve

Hinduja group flagship Ashok Leyland has reported a profit after tax of Rs 199 crore for the second quarter ended September 30, aided by robust sales across segments. It had posted a net loss of Rs 83 crore in the September 2021 quarter, the commercial vehicle major stated in a late-night regulatory filing on Thursday. Revenues in the period under review stood at Rs 8,266 crore compared to Rs 4,458 crore a year ago, it added. Ashok Leyland's domestic MHCV (medium and heavy commercial vehicles) volume rose to 25,475 units in the second quarter against 11,988 units in the year-ago period, it said. It helped the company achieve market share gains of 9.6 per cent in the quarter, Ashok Leyland said. Similarly, the company stated that its light commercial vehicle sales volume increased by 28 per cent to 17,040 units against 13,328 units in the same period last fiscal. Export volumes (MHCV & LCV) for the September quarter surged 25 per cent to 2,780 units against 2,227 units a year ...

Odisha inks MoU with Ashok Leyland to develop driving training institutes

The upcoming facility will help enhance the HMV driving skills of the drivers particularly in mining areas of Odisha

Switch Mobility aims to be in EV markets around the globe: CEO

Markets will come back after geopolitical turbulence and each company will have to make its own strategy, says Mahesh Babu

Ashok Leyland October total sales rise 34% to 14,863 units, exports decline

Commercial vehicles maker Ashok Leyland on Tuesday reported a 34 per cent rise in total sales at 14,863 units in October 2022. The company had sold 11,079 units in the same month last year, Ashok Leyland said in a statement. Domestic sales were at 13,860 units, as against 10,043 units in the year-ago month, registering a growth of 38 per cent, it added. Exports were marginally down at 1,003 units, as compared to 1,036 units in October last year.

Hinduja Leyland Fin raises Rs 910 cr from qualified institutional buyers

The Company's board of directors approved the allotment of Issuance of 65 million equity shares of Rs 10 each at an issue price of Rs 140 per share aggregating to the total of Rs 910 crore

Stocks to watch: TCS, Ashok Leyland, AU SFB, Adani Ports, NMDC, IDBI Bank

Stocks to watch today: TCS reported an 8 per cent rise in consolidated net profit to Rs 10,431 crore in Q2FY23; AU SFB re-appointed R V Verma as its non-executive chairman.

Ashok Leyland, IIT Madras tie up to develop hybrid EVS using turbine tech

While the main powertrain will be the electric motor, the onboard power would be generated by a micro gas turbine developed jointly by NCCRD and Aerostrovilos Energy, an IITM-incubated start-up

Tata Motors, Ashok Leyland, Eicher eye up to 17% gains, charts show

Tata Motors' stock gained 161 per cent in 2021, and reached its new 52-week high of Rs 536.70. However, the stock has been tepid so far in 2022 and seen testing the 200-DMA

Sensex sinks 770 pts, Nifty gives up 17,550 amid global sell-off; PSBs soar

CLOSING BELL: Reliance Industries tanked 3 per cent today, contributing nearly 30 per cent of the losses on the Sensex

Ashok Leyland bags order for supplying 1,400 school buses in UAE

Indian company says deal win by distribution partners 'reaffirms faith' in its buses

Ashok Leyland total vehicle sales jumps 51% to 14,121 units in Aug

Commercial vehicle maker Ashok Leyland's total vehicle sales, including exports, grew 51 per cent on an annual basis to 14,121 units in August, the company said on Thursday. The Hinduja Group flagship had sold a total of 9,360 vehicles in August 2021. The total medium and heavy Commercial Vehicle (M&HCV) sales were up 81 per cent year-on-year and touched 8,379 units from 4,632 units sold in August 2021, with truck volumes growing 70 per cent at 7,325 units, as against 4,297 units a year ago. The light commercial vehicle (LCV) sales volumes stood at 5,742 units during August, growing 21 per cent over 4,728 vehicles in the same month last year, it added. The domestic vehicle sales increased 58 per cent to 13,301 units in the month under review, from 8,400 units in the year-ago period, the company said.

Ashok Leyland rallies 5% on bagging order for 1,400 school buses in UAE

The stock surpassed its previous high of Rs 158.15 touched on August 1, 2022. It was trading close to its record high of Rs 168 touched on May 8, 2018

Stocks to watch: Biocon, SpiceJet, PNB, NTPC, Ashok Leyland, Coffee Day

Stocks to watch today: Biocon received 11 observations in Form 483 for their Bengaluru and Mayalsia facilities from the USFDA; Ashok Leyland won orders from major fleets for 1,400 school buses in UAE.

Ashok Leyland bags mega order for fleet of 1,400 school buses in UAE

Ashok Leyland, the flagship brand of the Hinduja Group, on Wednesday announced bagging orders from major fleets for 1,400 school buses in the UAE, the company's largest ever supply of school buses in this country. The total fleet deal for the GCC-made buses has been bagged by Chennai-based Ashok Leyland's UAE distribution partners, Swaidan Trading - Al Naboodah Group. Most of the supplies will be made to Emirates Transport and STS Group, a statement from the company said. However, the value of the order was not disclosed. The world's fourth largest bus manufacturer also said that the 55-seater Falcon bus and 32-seater Oyster bus - will be supplied from Ashok Leyland's USD 50 million state-of-the-art manufacturing facility in Ras Al Khaimah, UAE, which is the only certified local bus making facility in the entire Gulf Cooperation Council (GCC) region. Dheeraj Hinduja, Executive Chairman, Ashok Leyland said this is a historic moment for Ashok Leyland in UAE. This is a testament to t

Sensex adds 1564pts, Nifty tops 17750 in broad-based rally; financials lead

CLOSING BELL: Benchmark indices clocked their biggest intra-day gain since May 20 as broad-based buying emerged across sectors

CV volumes to stay resilient as demand recovery takes hold in FY23

Margin pressures may continue on competitive pressures, input cost inflation

Stocks to watch: RIL, L&T Tech, ICICI Bank, Axis Bank, Lupin, Ashok Leyland

Stocks to watch today: ICICI Bank, Axis Bank, and IDFC First Bank have increased interest rates on deposits worth Rs 2 crore & above; BPCL plans to scale up renewable energy portfolio to 10 GW by 2040

Ashok Leyland adds to Bada Dost range, will launch e-LCVs in six months

With superior power, mileage, payload, load body length and loading space, the Bada Dost i1 and Bada Dost i2 help customers earn more profit per trip

Ashok Leyland unveils new tipper for construction, mining segments

Hinduja group flagship Ashok Leyland has unveiled the AVTR 4825 tipper equipped with a H6 engine aimed at serving the construction and mining segments, the company said on Friday. AVTR is the company's first modular truck platform that offers a range of trucks in the 19-55 tonne gross vehicle of weight (GVW) portfolio and has a slew of cabin and load body options for customers based on their requirements. "These tippers score high on fluid efficiency, durability and reliability. The powerful H6 4V engine, along with heavy duty drive-lines, delivers best-in-class performance with optimum gradability suitable for all construction and mining-related surface transportation," said Ashok Leyland head-medium, heavy commercial vehicle Sanjeev Kumar. The tippers are powered by the 250 hp H-series 4V 6-cylinder engine with the company's i-Gen6 technology that enhances the engine performance while ensuring lower cost of ownership. The drivability, reliability and faster turnaround time on rou

Switch Mobility sees e-bus market tripling to 6,000 units next year

Switch India has already secured an order of 200 electric double decker buses in Mumbai and is looking at a dominant space in the electric double decker segment, across key regions in the country