Page 20 - Ashok Leyland

Ashok Leyland's sales up by 28% in September

Ashok Leyland reported a 27.53 per cent jump in total sales

Ashok Leyland hits new high; stock surges 42% in H1FY18

So far in September 2017, the stock rallied 13% against 1% decline in the S&P BSE Sensex

Multiple growth triggers for Ashok Leyland

Ashok Leyland has gained 20 per cent on the bourses over the past month on expectation of a recovery in volume growth in the second half of the current financial year and, more important, additional market share gains in the commercial vehicle (CV) space. It is also taking other steps to help propel growth rates. After having gained 11 percentage points in market share in the medium and heavy CV (M&HCV) space over the past five years, it is expected to add a further 100-200 basis points (bps) over FY17-19. IDFC Securities believes the company will expand market share by an incremental 100 bps over the next three years due to new products, improved services to fleet owners and expansion of distribution network. Quant Broking's analysts peg the extra market share gain at 210 bps over FY17-19, given the success of its BS-IV range of vehicles and product pipeline in both medium and heavy CVs.Domestic growth so far in the year has been disappointing, with year-to-date volumes declining

Ashok Leyland signs MoU with Russian, Indian firms for defence supply

To provide tracked vehicle solutions to Indian armed forces

Ashok Leyland aims to build big business around LCVs, launches 'DOST +'

BS ReporterHyderabad, 4 September: Hinduja Group's flagship company Ashok Leyland on Monday announced the launch of 'Dost +'- the new light commercial vehicle(LCV) from its stable. It would be launched nationally in a phased manner starting with Telangana.Viewed as an important game changer in the country's commercial vehicle market, the new LCV targets the upper end of the small commercial vehicle space in the 2-3.5 tonne segment, according to the company. Its new product launch comes at a time the LCV sales in India grew 20 percent in the first five months of the current financial year, while there was a corresponding 20 percent dip in medium to heavy vehicle sales volumes. "There is a headroom for further growth of LCV segment in India in line with the global trend. We want to grow and establish ourselves as a full-fledged player with multiple models targeting each addressable segment in LCV space. That is reason why we had acquired the LCV business from our JV partners," Nitin ..

Ashok Leyland's August sales up 25% at 13,634 units

For the period between Apr to Aug 2017, total sales rose by 3% to 54,113 units from 52,554 units

Ashok Leyland and IIT Madras to research battery tech for electric vehicles

Ashok Leyland has partnered with IIT Madras to carry R&D activities for strengthening battery engineering and related sub-parts, especially for Electric Vehicles. IIT Madras is the first institution to set up such an initiative to develop the Electric Mobility ecosystem in India with industry participation.Ashok Leyland will sponsor the Centre of Battery Engineering (CoBE) at IIT Madras. Karthick Athmanathan, Head, Electric Vehicles and e-Mobility Solutions, Ashok Leyland, said that with this initiative in battery engineering, ALL to be participants in India's aggressive push to stay ahead of the curve as far as electric mobility is concerned.CoBE at IITM will be a key partner in the country's electric mobility vision and will help to understand this technology better and stay ahead of global players. It may be noted, in August, Ashok Leyland has formed a strategic alliance with SUN Mobility, promoted by Chetan Maini, founder of Reva and Uday Khemka to develop electric mobility ...

Ashok Leyland eyes Rs 1,000 cr revenue from digital platforms

Ashok Leyland's digital market place consists of four apps

Ashok Leyland bags Rs 650 cr order for 3,019 buses

Order is one of the largest from a state transport undertaking

Ashok Leyland bags Rs 650 crore order from KSRTC for 3,019 buses

Ashok Leyland, flagship of the Hinduja Group, has bagged an order worth Rs 650 crore from KSRTC.The order to supply 3019 buses is one of the largest from a State Transport Undertaking for a single OEM, would be executed in the current financial year which would help Ashok Leyland in furthering its leadership position in buses. Vinod K. Dasari, Managing Director, Ashok Leyland, said, "We are very happy to receive the confirmation of this order from KSRTC. Our ability to bring value to customers like KSRTC, is a testament to our superior technology and innovation, combined with low costs." T. Venkataraman, Senior Vice President, Global Buses, Ashok Leyland, said. "Our buses are durable, robust, and employ the latest in technology. The cost of ownership and the product experience which we can deliver is the best in the industry. Our in-depth understanding of what works for our markets and customers is what differentiates us and has helped us win this order from KSRTC." This order will .

Ashok Leyland well poised to drive up market share, margins

Despite near-term disappointment due to muted Q1, multiple drivers will help company outpace rivals

Ashok Leyland reaches highest market share ever in Q1 at 34.7%

Country's second largest commercial vehicle maker Ashok Leyland has achieved its highest ever market share of 34.7 per cent during the first quarter ended June 2017. The major contributor is iEGR (Exhaust Gas Recirculation) technology for BS-VI engines launched in April 2017, said Dheeraj G Hinduja chairman of the company.He said despite all difficult situations and increase in competition the company has increased its market share, which is not an easy task, due to the investments the company made in technology, plants and products.Hinduja said, the company is positioned well to capture the upsides owing to developments in the economic and business environment, some of which are local phenomena and some triggered by global trends."There is growing confidence that we are on track to consolidate our market gains in India sustainably and pioneer market relevant technologies in our field," said Hinduja.Vinod K Dasari, managing director, Ashok Leyland said that the company has got ...

Ashok Leyland's total sales rise 11% to 12,330 units in June

The M&HCV sales rose to 9,202 units and LCV sales rose to 3,128 units in June

Ashok Leyland bets on fully built trucks to boost top line

As the battle for market share in the medium and heavy commercial vehicles (MHCV) gains momentum, players like Ashok Leyland Ltd (ALL) are enhancing focus on fully built units (FBUs) in the trucks segment. From a current share of 20 per cent, ALL aims to take the share of FBUs in its overall sales to 50 per cent within the next two to three years. FBUs are basically ready-to-use trucks customised for the type of good to be transported. The company is in talks with its supplier partners to develop more FBUs. Anuj Kathuria, president, global trucks, ALL said "We plan to offer more and more ready to use vehicles to our customers. We are already working with our supplier partners on the same. This would help improve the topline as the ticket size would increase." At present, FBUs account for nearly 20 per cent of its truck sales, and in the next two to three years ALL plans to take this up to 50 per cent of its vehicle sales, Kathuria informed. ALL has a manufacturing capacity of about ...

Ashok Leyland gains after block deal

At 09:21 am; around 10.98 million shares changed hand on the BSE in single block deal.

Ashok Leyland seems in top gear with market share, margin gains

Ashok Leyland ended FY17 on a strong note, delivering better than estimated financials for the quarter ended March. The strong results saw the stock gain 4.6 per cent in trade on Thursday. Boosted by higher volumes and realisations, net sales at Rs 6,618 crore were up 11 per cent over the year-ago quarter and better than the consensus estimate of Rs 6,515 crore. A major part of the volume gain came from the medium and heavy commercial vehicle (M&HCV) segment, which grew by nearly 10 per cent. Light CVs, lagging, were up two per cent. The higher M&HCV volumes were largely due to the pre-buying of BS-III emisison standard vehicles in March, with the company selling about 15,000 units, highest for a month in a little over two years.The company also outdid analyst expectations on the operating front, reporting a profit of Rs 727 crore. Operating profit margin at 11 per cent for the quarter were better than the 10.3 per cent pegged by analysts. Gopal Mahadevan, chief financial ...

Ashok Leyland swings back into profit in Q4 as vehicle sales grow

Ashok Leyland said sales of medium and heavy commercial vehicles rose 10% to 38,643 units

Ashok Leyland's quality climb

How the commercial vehicle maker achieved a quality turnaround

Ashok Leyland expects to increase defence business to Rs 5,000 cr

Hinduja Group flagship firm Ashok Leyland is looking at growing the defence business to Rs 5,000 crore from around Rs 500 crore in the coming years.Vinod K Dasari, managing director, Ashok Leyland said that in short-term, i.e. in the next five years ALL plans to grow the defence business by 3X. He was talking on the sidelines after showcasing indigenously developed Intelligent Exhaust Gas Recirculation (iEGR) technology for BS4 engine."We have developed capablities to bid for 20-25 per cent of the tenders of the Indian army as against one per cent earlier," said Amandeep Singh, who heads the defence business in Ashok Leyland.The company has bagged tenders for mine protected vehicle and bullet proof vehicles from the security agencies and targets threefold business increase from its defence vertical, he said.Speaking about Light Commercial Vehicle, Nitin Seth, president - LCV, Ashok Leyland said that company plans to double its market to 30 per cent in the domestic LCV business. To ...

Ashok Leyland hopes to be among top 10 M&HCV players in 3 yrs

The company is setting up new manufacturing facilities at Andhra Pradesh and Telegana