The Company will collaborate with CVRDE for the manufacturing, assembly and testing of lightweight clutch for the design and development of weight optimised 1500hp Automatic Transmission
The heavy commercial vehicle major claimed that the Innoline engines makes the maintenance simpler for the mechanics and gives a hassle-free service to customers
Leyland have to deliver the order within eight months
M&HCV sales up by 22 per cent to 10,996 Units from 9,026 Units
The stock has slipped over 34% from its 52-week high of Rs 168 touched on May 8, 2018
Nissan' exit from the light commercial vehicle joint venture has helped speed up consolidation and growth for the company
The company's focus on less cyclical segments such as spares, defence and exports is expected to improve their share to 19% of revenue over the next three years, from 16% now
Ashok Leyland is one of the leading suppliers of logistics vehicles to the Indian Army
Ashok Leyland is also keen to project itself as an experiential brand
Ashok Leyland Vehicles Ltd (formerly Ashok Leyland Nissan Vehicles Ltd) had reported a loss of Rs 24.9 mn the previous financial year
T E NARASIMHANAfter having a good year, country's second largest commercial vehicle major Ashok Leyland has said it is bullish about 2018-19 and it would outpace industry growth, which is expected to be around 10 per cent in Fiscal 2019.Dheeraj G Hinduja, chairman, Ashok Leyland said that 2017-18 has been another year of stellar performance by ALL when it pushed the limits even further with the highest ever sale of 174 ,873 units , crossing the 100,000 Medium & Heavy Commercial Vehicles ( M & H C V ) truck sale in a y ear and rolling out 200,000th Light Commercial Vehicles ( L C V ) on the road.Achieving a record revenue of Rs 262.48 billion and a record profit of Rs 15. 63 billion together with sustaining he market share gains in a competitive environment is quite commendable.In a letter to shareholders, he said, there were some tail winds during the year in the form of GDP growth at 7.4 % , thrust in infrastructure and road construction, proliferation in logistics activities
The company has announced acquisition of the JV companies from Nissan on November 25, 2016, following the LCV Joint Venture they entered into did not proceed as was expected
In the past two weeks, Ashok Leyland has underperformed the market by falling over 18% as compared to 1.2% decline in the S&P BSE Sensex
The company has increased prices by around 2 per cent to offset commodity price increase, said Vinod K Dasari, MD, Ashok Leyland
The net profit for the same period last year was Rs 4.76 billion, on a standalone basis
The company sold around 20,000 vehicles last year, of which around 13,500 units were in the domestic market.
Ashok Leyland Managing Director Vinod K Dasari said the company grew by 50 per cent last year
At the end of today's trade, the stock was quoted at Rs 145.45 per unit, up 3.14 per cent on the BSE
We have won 12 of the 15 tenders we participated in last year, said Ashok Leyland Head (Defence)
We have won 12 of the 15 tenders we participated in last year, said Ashok Leyland Head (Defence)