Page 5 - Ashok Leyland

Ashok Leyland total vehicle sales rise 17% to 20,123 units in March

Hinduja Group flagship Ashok Leyland on Friday reported a 17 per cent year-on-year growth in its total vehicle sales, including exports, at 20,123 units in March. The company had sold a total of 17,231 vehicles in March 2021, Ashok Leyland said in a statement. Total Medium and heavy commercial vehicle (M&HCV) sales spiked 26 per cent to 13,990 units in March 2022, as compared to 11,101 units in March 2021. Total LCV sales during the reporting month stood flat at 6,133 units, it stated. The company had sold a total of 6,130 light commercial vehicles (LCVs) in March 2021. Total domestic sales grew 18 per cent in the previous month to 18,556 units, as against 15,761 units clocked in March 2021, with M&HCV sales recording 29 per cent growth at 12,734 units, while the LCV sales declined 1 per cent at 5,822 units, as against 5,860 units sold in March 2021, as per the statement.

Ashok Leyland tanks 22% in 1 week on margin concerns; hits 15-month low

The company's raw material costs in Q3 rose to 77.9 per cent of sales, up 120 bps quarter-on-quarter

War fallout! M&M, TaMo, Ashok Leyland can fall up to 12% on chip shortage

The Nifty Auto index has broken key support levels, and looks weak on the weekly charts indicating a downside of 5 per cent.

Ashok Leyland CV sales up 7% in Feb to 14,657 units

Hinduja flagship firm Ashok Leyland on Tuesday reported a 7 per cent rise in commercial vehicle sales to 14,657 units in February.

Stocks to Watch: Indian Hotels, TCS, Dabur, Bosch, Ashok Leyland, Insurance

Insurance related stocks could see some action as the India Protection Quotient (IPQ) survey 4, stated that term insurance ownership has gone up from 36 per cent to 43 per cent in the last two years.

Ashok Leyland mulls EV plant; lines up Rs 500 cr for alternative fuel tech

Bullish on the future of green mobility, the Hinduja Group flagship Ashok Leyland plans to set up a new manufacturing facility in the country to roll out electric vehicles, according to a top company official. The Chennai-based firm has also lined up a Rs 500 crore investment to develop powertrains based on alternative fuels like CNG, hydrogen and electric for its commercial vehicles range. The company has already announced a USD 200 million (nearly Rs 1,500 crore) investment through its UK-based arm Switch Mobility for electric mobility. The commercial vehicle company aims to expand its electric vehicle portfolio as well as develop new engines keeping in mind the changing market requirements in the domestic as well as international markets. "In Spain, we are coming up with a manufacturing facility and R&D centre and there are plans to grow this over the next few years. In India, we will be optimising the facilities that are available with Ashok Leyland. "But I'm sure very soon we

Ashok Leyland expects turnaround in CV business, 30% market share in FY23

Having endured a few very tough quarters, the commercial vehicle major has seen its overall market share hovering around 24-25 per cent

Ashok Leyland in talks to raise $200 mn-$300 mn for EV arm Switch Mobility

The company said it is in talks with investors for both Switch and e-mobility as a service. Last July, US-based drivetrain-maker Dana had bought 1% stake in Switch for $18 mn

Ashok Leyland back in the black with Rs 6 crore net profit in Q3

The firm has posted a loss of Rs 19 crore during October to December period of the previous financial year

Ashok Leyland wants to be the leader in CNG commercial vehicles

The share of commercial vehicle has constantly increased and is currently at 10 percent of the industry

Ashok Leyland to supply 200 trucks to Bangladesh government

The company said it had won the tender floated by the Bangladesh government for 135 fully-built trucks, comprising 3T truck, hydraulic beam lifter and Sewerage sucker.

Ashok Leyland to supply 200 trucks to Bangladesh for highway works

Company is a leading commercial vehicle brand in Bangladesh and has more than 50 touch points there.

Auto shares on fast-track; TVS Motor, Hero MotoCorp rally up to 5%

At 10:42 am; Nifty Auto index, the top gainer among sectoral indices, was up 1.6 per cent, as compared to 0.39 per cent decline in the Nifty50 index.

Budget has laid road map for long term development: Ashok Leyland

The Union Budget presented by Nirmala Sitharaman has laid the road map for long-term development over the next 25 years, a top official of city-based Hinduja Group flagship Ashok Leyland said

Switch Mobility picks Valladolid for European market manufacturing unit

The new and technical centre will house the production of its first electric bus, a 12-metre vehicle, designed specifically the European market

Aidrivers, Ashok Leyland to develop clean, greener autonomous vehicles

Aidrivers will provide AI-enabled autonomous solutions while Ashok Leyland will provide vehicle platforms; the partners will work to explore target markets and opportunities for cooperation

Ashok Leyland sales slip 2% to 12,518 units in December 2021

Hinduja flagship firm Ashok Leyland on Monday reported a 2 per cent decline in total commercial vehicle sales to 12,518 units in December 2021. The company had sold 12,760 units in the same month in 2020, Ashok Leyland said in a statement. Domestic sales were down 3 per cent at 11,493 units in the month under review, as against 11,855 units in December 2020, it added. However, medium and heavy commercial vehicle sales were up 9 per cent at 6,752 units in December 2021, compared to 6,173 units in the year-ago month. Sales of light commercial vehicles in the domestic market were down 17 per cent at 4,741 units, as against 5,682 units in December 2020, the company said.

Tata Motors, Bajaj Auto: Near-term headwinds may keep auto shares volatile

Going ahead, analysts at Motilal Oswal Financial Services see easing semiconductor supplies supporting PV wholesales, but the two-wheeler segment will take time to recover

Ashok Leyland ties up with Shriram Auto Mall to enter used vehicle business

Hinduja group flagship firm plans to use expertise in commercial vehicles to streamline market it is taking up.

Ashok Leyland announces new truck that has load flexibility, saves costs

The company said that the new product offers operational flexibility to customers to choose the option based on their load, offering best-in-class total cost of operation benefits.