Page 3 - Hinduja Group

Ashok Leyland unveils new tipper for construction, mining segments

Hinduja group flagship Ashok Leyland has unveiled the AVTR 4825 tipper equipped with a H6 engine aimed at serving the construction and mining segments, the company said on Friday. AVTR is the company's first modular truck platform that offers a range of trucks in the 19-55 tonne gross vehicle of weight (GVW) portfolio and has a slew of cabin and load body options for customers based on their requirements. "These tippers score high on fluid efficiency, durability and reliability. The powerful H6 4V engine, along with heavy duty drive-lines, delivers best-in-class performance with optimum gradability suitable for all construction and mining-related surface transportation," said Ashok Leyland head-medium, heavy commercial vehicle Sanjeev Kumar. The tippers are powered by the 250 hp H-series 4V 6-cylinder engine with the company's i-Gen6 technology that enhances the engine performance while ensuring lower cost of ownership. The drivability, reliability and faster turnaround time on rou

Switch Mobility sees e-bus market tripling to 6,000 units next year

Switch India has already secured an order of 200 electric double decker buses in Mumbai and is looking at a dominant space in the electric double decker segment, across key regions in the country

Stocks to Watch: LIC, ONGC, Max Health, Hero Moto, Zee Entertainment, M&M

State-owned insurance behemoth Life Insurance Corporation (LIC) reported a net profit of Rs 682.88 crore in the April-June quarter (Q1) of FY23, driven by its non-par business.

India at 75: From Ambanis to Bajaj - 20 doyens who shaped India's business

Each one of them has played a key role in the building of India, taking ideas and giving them wings. Here's a look at 20 leaders of India Inc who are inseparable from the idea of India

Ashok Leyland Q1 profit at Rs 68 cr Q1 on strong volumes vs year-ago loss

The company is planning to invest Rs 750 crore in each of the next two years and is in the final round of talks to raise funds for its EV arm Switch Mobility

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.

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

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

Hinduja Global Solutions Q4 profit jumps to Rs 5,686 cr on one-off gains

Hinduja Global Solutions said it consolidated profit after tax jumped multi-fold to Rs 5,686 crore for March, mainly on account of gains from divestment of its healthcare services business.

UK Rich List 2022: Hindujas on top, David and Simon Reuben in third spot

Sir James Dyson and his family are third on the list with wealth estimated at GBP 23 billion.

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 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

Sensex falls 149 pts; SmallCap index sheds 2% amid tepid global cues

Closing Bell: Hindalco, UPL, Sun Pharma, Adani Ports, Divis Labs, and TCS were the top drags, down up to 3.45 per cent

Stocks to Watch: IndiGo, RIL, Hinduja Global, Federal Bank, Brightcom

Auto shares are likely to be in focus as car makers are looking to ramp up production by an average 18-20 per cent in the March quarter, as the shortage of semiconductor eases.

Hinduja group's UK firm bags health agency contract worth GBP 211 mn

HGS UK will provide customer support to UK citizens for two years, with an option to extend the contract

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 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

Hinduja Global Solutions to consider share buyback, stock gains 5%

After having announced a 1:1 bonus issue, the company's board will now meet on January 14 to consider and explore potential mergers & acquisition opportunities, and quantum/ timings for share buyback.

Hinduja Group's £1.2 billion old war office project is making waves

OWO was once the heartbeat of UK's defence ministry & later an oft-featured building in Bond films

Hinduja Global Solutions shares tank 20% on likely promoter loan

On Friday, the stock fell to Rs 2,855 a share, dragging its market valuation to Rs 5,967 crore.