Page 4 - Ashok Leyland

Ashok Leyland soars to a 4-year high, up 6% ahead of June quarter results

The demand for MHCV Trucks is expected to increase, driven by pickup in fleet utilization levels and supported by replacement demand in-line with recovery in economic activity and government spending.

Stocks to watch: HDFC, Sun Pharma, Dr Reddy's, STFC, TVS Motor, SpiceJet

Stocks to watch today: HDFC, Sun Pharma, and Cipla will report their June quarter results on Friday, July 29; Dr Reddy's saw 108 per cent YoY rise in consolidated net profit to Rs 1,187.6 crore in Q1.

Ashok Leyland expands AVTR tractor segment with two new launches

With this launch, Ashok Leyland becomes the first Indian firm to offer tractors with 41.5T gross combination weight (GCW) and 43.5T GCW in two-axle configuration, the company said in a statement.

Ashok Leyland tie up with Adani Capital for strategic financing partnership

Adani Capital will work towards catering to the customers' needs through CV loans with easy monthly repayment plans, best suited for customers

Hinduja Leyland Finance to merge with group firm NxtDigital in 9 months

NxtDigital handles broadband, digital cable television, content syndication, teleshopping

Ashok Leyland reports 125% growth in total sales; 14,351 units sold in June

Commercial vehicle maker Ashok Leyland on Friday reported 125 per cent growth in total sales at 14,351 units in June as compared to the year-ago period. The company had registered a total sales of 6,448 units in June 2021, Ashok Leyland said in a statement. The total M&HCV sales, including exports, rose 238 per cent at 9,354 units in June 2022 as against 2,764 units in June 2021. The LCV total sales during the period under review stood at 5,177 units, which was 41 per cent higher compared to 3,684 units in the same month of 2021, it said. M&HCV domestic sales, including buses, grew 255 per cent at 8,399 units. The same stood at 2,364 units in the preceding year.

Here's why Vinay Rajani recommends buying Timken India, Ashok Leyland

The technical analyst from HDFC Securities recommends going long on the Nifty with a stop at 15,500.

Stocks to watch: SBI, IDBI Bank, Hero Moto, Bajaj Electricals, NTPC, Cipla

Stocks to watch today: SBI and IDBI Bank have raised their interest rates on retail term deposits, subject to different tenors; LIC hiked stake in Hero MotoCorp to 11.2 per cent from 9.1 per cent.

Ashok Leyland arm Switch Mobility to raise $300 mn, unveils e-bus platform

Firm currently has orders for over 600 buses, is betting big on govt tenders and sees market for e-buses growing 10x in next 2-3 years

Ashok Leyland unveils 8-wheel truck AVTR 2620, adds to full range of trucks

The new product would offer excellent operational flexibility to customers to choose the option based on their load, best in class Total Cost of Operation benefits, the company claimed in a statement

Auto companies ring up higher net sales, profits in March quarter

Semiconductor shortage and high commodity prices dent margins

'Semiconductor shortage to ease off after 6 months': Dheeraj Hinduja

Executive chairman of Ashok Leyland says commercial vehicles sector will revive and steel prices will soften in some three months.

Ashok Leyland Q4 net profit drops 58% to Rs 158 cr; revenue jumps 22%

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 ...

Stocks to Watch: ITC, Lupin, Ruchi Soya, Manappuram Finance, JSW, Biocon

Stocks to Watch: The US markets suffered the biggest one-day sell-off in almost two years -Investors worry about inflation and its impact on earnings and prospects for monetary policy tightening

Ashok Leyland's Switch Mobility to invest Rs 1,000 cr in new plant in south

The company is also in talks with financial investors to raise over $200 million for its expansion

Truck, bus sales by top-5 manufacturers up 64% to 65,540 units in April

Though growth was seen across segments, big sales push came from small CVs used for last-mile delivery as demand from e-commerce firms remained strong

Ashok Leyland reports 42% rise in total commercial vehicle sales in April

The company had sold 8,340 units in the same month last year, Ashok Leyland said in a regulatory filing

Ashok Leyland arm lines up £300-million electric vehicle investment

"We are delighted that the Prime Minister has commended the investment Switch is making to become a leader in electric transportation as an example of the benefits of UK-India collaboration

Ashok Leyland partners Mahindra First Choice for used commercial vehicles

Pre-owned or re-purposed vehicles sector is experiencing exponential and consistent growth since the beginning of the pandemic

Ashok Leyland to enter used commercial vehicles business

The phygital platform, as part of the partnership, will facilitate exchange and proper disposal and purchase of old commercial vehicles