Page 19 - Ashok Leyland

Ashok Leyland up 3% on order win of Rs 1,000 million for 10x10 vehicles

The stock was trading 3.3% higher at Rs 150 on the BSE after the company said it has won an order from the Ministry of Defence for 10x10 vehicles to carry the Smerch Rockets

DefExpo 2018: Ashok Leyland targets Rs 50 billion from defence business

The company is gearing up to develop solutions for around 20% of the Army's expenditure

Ashok Leyland sales up 23% in March at 22,453 units, FY18 sales rise 21%

Light commercial vehicles sales jumped by 58%

Ashok Leyland increases prices of all vehicles by 2% to beat growing cost

The proposed price increase will be effective April 1, 2018

Ashok Leyland, extends gains, hits new high

The stock has outperformed the market by gaining 8% in past one month, as compared to 3.6% decline in the S&P BSE Sensex.

Ashok Leyland hits fresh high ahead of February sales figures

The stock hit a new high of Rs 142 has outperformed the market by surging 13% thus far in February against 5% decline in the S&P BSE Sensex.

Ashok Leyland to invest Rs 1 billion in electric vehicle technology

First product prototype to be showcased this week at AutoExpo 2018

Smooth road ahead for Ashok Leyland; strong growth to drive earnings faster

Healthy growth coupled with improving profitability will drive earnings faster

Ashok Leyland eyes 5-fold increase in light CVs' export; to invest Rs 4 bn

It's targeting all Gulf countries, Russia, Ukraine and lot of West African countries that follow left-hand drive

Ashok Leyland signs pact with Israel-based Phinergy for electric CVs

Phinergy has developed technology solutions for the use of aluminium air batteries for electric vehicles

Ashok Leyland finds growth triggers in the rising demand for M&HCVs

What could also add to revenues and margins of Ashok Leyland are exports, which currently constitute 10 per cent of revenues, and sales to the defence sector

Ashok Leyland launches West African HQ at Ivory Coast, introduces 4 models

Company announced investments in Africa; launch of four products -- Captain, Boss, Hawk and Mitr

Ashok Leyland to invest Rs 400 crore in new models

Leading commercial vehicles maker and Hinduja Group flagship Ashok Leyland said it would invest Rs 400 crore over the next two years on developing new products, including left driven trucks."We are coming up with a new product every six months, so the next product would be launched in April or May next year. Ashok Leyland would invest Rs 400 crore on new models in the next two years. The new products are also targeted for export markets", Nitin Seth, president (light commercial vehicles), Ashok Leyland Ltd.Presently, Ashok Leyland exports five per cent of its total volumes. The vehicles are primarily exported to Russia and Ukraine.The company is working on left driven commercial vehicles to tap the potential export markets in Gulf countries and Africa."Globally, 80 per cent of the market for commercial vehicles is left driven. We are eyeing the Gulf Cooperation countries like Saudi Arabia and Qatar as well as Africa for exports of light commercial vehicles (LCVs). The market size for .

Ashok Leyland up 4% on pact with Hino Motors to develop BS-VI engines

Ashok Leyland will utilise Hino's engine technology for Ashok Leyland's EURO-VI development and will support in development of Hino's engine parts purchasing in India for global operation.

Ashok Leyland, Hino ink pact to develop BS-VI engines

Hinduja flagship firm Ashok Leyland today said it has inked a pact with its long-standing Japanese partner Hino to jointly develop BS-VI compliant engines. The companies have entered into a mutual cooperation agreement (MCA) where Ashok Leyland will utilise Hino's engine technology for Euro-VI development and will support Hinos engine parts' purchasing in India for global operation, the Chennai-based firm said in a statement. Hino and Ashok Leyland have had a cooperative agreement for engine production in India since 1986. By the latest MCA, both companies will leverage each other's strengths in diesel engines to enhance competitiveness. Hino Motors President & CEO Yoshio Shimo said the cooperation with Ashok Leyland takes advantage of the strengths that the two companies have cultivated. "Hino will enhance its global competitiveness by utilising Ashok Leyland's parts procurement capabilities in India," he added. India in 2015 decided to leapfrog to Euro-VI emission

Ashok Leyland increases stake in UK-based Optare by 23%

The UK arm is one of the leading manufacturers of single decker, double-decker buses and electric buses

Road ahead might be better for Ashok Leyland

Commercial vehicle (CV) major Ashok Leyland had a below expectation performance for the quarter ending September on most parameters. However, the road ahead is expected to be better, with analysts believing it should do well in the second half of 2017-18.Net sales at Rs 6,047 crore (up 31 per cent year-on-year), operating profit at Rs 609 crore (up 13.5 per cent) and net profit at Rs 334 crore (up 13.5 per cent) were below the Bloomberg consensus estimates of Rs 6,178 crore, Rs 680 crore and Rs 384 crore, respectively.The management said this was satisfactory in the current market condition. Demonetisation, shift to BS-IV emission norms and the new goods and services tax (GST) affected industry volumes in the past few quarters.Volumes rebounded in the September quarter, the second (Q2) of this financial year; Leyland's grew 22 per cent over a year to 26,964 units. Its best quarter in terms of volume but operational performance took a hit due to unusual industry trends. Industry ...

Ashok Leyland Q2 net profit up 14% at Rs 334 cr, exports up 39%

Managing Director Vinod K Dasari said the robust market share growth despite all the challenges exemplified Ashok Leyland's technological leadership

Ashok Leyland tries waterways to send cargoes to Bangladesh

A ship carrying 185 trucks was flagged by Union Minister for Shipping, Road Transport and Highways Nitin Gadkari from Chennai Port to Mongla Port, Bangladesh

Ashok Leyland receives stay order against disqualification of its directors

Ashok Leyland has said that it has received a stay order from the High Court of Delhi against the direction of Ministry of Corporate Affairs disqualifying its directors from acting as directors of the companies. There were reports that the name of Vinod Dasari, managing director of the company, has found its place in the list of directors diqualified by the MCA earlier.The company, in a regulatory filing without naming the director, said that the directors of the company has filed a petition on October 10, 2017, with the High Court of Delhi and the Court has stayed the MCA's direction till the next date of hearing, which is November 1, 2017. The matter has also been brought to the Notice of the Board of Directors of the company, it said.According a report, Dasari, along with other industry stalwarts including Pawan Goenka, managing director of Mahindra and Mahindra Ltd, Srinivasan Sandilya, from Eiocher Motors were directors in a firm which did not submit its annual returns for three .