Ashok Leyland Auto

Auto index trades with a sluggish bias, may lose grip if falls below its 200-DMA

Hinduja group flagship Ashok Leyland has showcased seven advanced mobility solutions at the Auto Expo 2023 in New Delhi, the city-based heavy commercial vehicle-maker said on Wednesday

Shenu joins Ashok Leyland from Escorts Kubota Ltd, where he was president

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The company has also achieved a market share of 32 per cent in Q2FY23

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

Commercial vehicle maker Ashok Leyland on Monday said its total vehicle sales, including exports, jumped 58 per cent year-on-year to 13,625 units in July. The company had sold a total of 8,650 vehicles in the same month last year, Ashok Leyland said in a statement. Sales of Medium & Heavy Commercial Vehicles (M&HCV), which include trucks and buses, rose 113 per cent to 8,148 units last month compared to 3,822 units sold in July 2021. The Light Commercial Vehicle (LCV) segment sales also increased 13 per cent to 5,477 units last month in comparison to July 2021 sales of 4,828 vehicles, Ashok Leyland said. Total domestic sales (M&HCV+LCV) during the previous month stood at 12,715 units, an increase of 56 per cent over 8,129 units in July 2021, the company said.

Commercial vehicle major Ashok Leyland Ltd closed the first quarter of FY23 with an after tax profit of Rs 68 crore.

Analysts also believe that the government's export duty hike on steel and plastic bodes well for the auto sector due to elevated commodity inflation.

Hinduja group flagship Ashok Leyland on Thursday reported a 58.14 per cent decline in consolidated net profit at Rs 157.85 crore in the fourth quarter ended March 2022, pulled down by higher expenses. The company had posted a consolidated net profit of Rs 377.13 crore in the same quarter of the previous fiscal, Ashok Leyland said in a regulatory filing. The commercial vehicles maker posted a consolidated revenue from operations at Rs 9,926.97 crore in the fourth quarter as compared to Rs 8,142.11 crore in the year-ago period. Total expenses were higher at Rs 9,429.55 crore as against Rs 7,831.21 crore earlier, with cost of materials and services shooting up to Rs 6,580.81 crore from Rs 5,481.04 crore in the corresponding quarter of the previous fiscal. The company also incurred exceptional items outgo of Rs 266.71 crore in the fourth quarter on various fronts, including impairment in value of goodwill and net assets of subsidiaries, loss of valuation of investment and voluntary ...

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Ashok Leyland stock has witnessed a decent correction from Rs 143 level and bottomed out near the significant 200-DMA level of Rs 116

Hinduja group flagship Ashok Leyland on Monday said it has curtailed production at its manufacturing plants due to dip in demand with second wave of Covid-19 sweeping across the country.

Company claims it is India's first 4-axle truck with 40.5 tonne GVW

The company had reported a net profit of Rs 28 crore in October-December quarter of 2019-20

Total M&HCV sales dropped by 2 per cent to 6,839 units in January 2021 from 6,949 units, a year ago

Hinduja group flagship firm Ashok Leyland on Monday reported an 11 per cent increase in total vehicles sales at 13,126 units in January. The company had sold 11,850 units in the corresponding month a year ago, Ashok Leyland said in a regulatory filing. Total domestic vehicles sales stood at 12,359 units in January against 10,850 units in the year-ago period, registering an increase of 14 per cent. Medium and heavy commercial vehicles (M&HCV) sales in the domestic market were down 2 per cent at 6,839 units last month as compared with 6,949 units in the year-ago month, it added. Light commercial vehicle sales in the domestic last month stood at 5,520 units as compared with 3,901 units in January 2020, up 42 per cent, the company said.

Total vehicles sales rose by around 14 per cent to 11,857 units from 10,378 units

Analysts expect a gradual revival by the end of FY21, led by a low base, replacement demand and pick-up in economic activity

Auto major has posted Rs 806 cr profit in year-ago quarter