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Ashok Leyland reports 12% decline in Q4 net profit at Rs 652.99 cr
Posted on 24th May 2019
Commercial vehicle major Ashok Leyland Friday reported 12.12 per cent decline in net profit at Rs 652.99 crore for March quarter, 2018-19.

The company posted a profit of Rs 743.12 crore for the same period of 2017-18.

Ashok Leyland ready to ride on Elon Musk's India dream
Posted on 20th May 2019
Tesla CEO Elon Musk who has been moving back and forth on his India dream for couple of years and unable to take the next big step now has an invitation from commercial vehicles major Ashok Leyland.

Musk wants to make India his next big market but the question lingers: Will the electric car ever run on the bumpy 'desi' roads?

Ashok Leyland bags ₹80 crore order from Senegal
Posted on 16th May 2019
New Delhi: Hinduja flagship firm Ashok Leyland on Thursday said it has bagged an order from Senegal, an African nation, to supply 400 minibuses worth 10.06 million euros (about ₹80 crore).

This order comes from Senbus Industries, a company assembling urban buses in Dakar, the Senegalese Capital, Ashok Leyland said in a statement.

Ashok Leyland reports 7.5% growth in sales at 13,626 units in April
Posted on 2nd May 2019
Commercial Vehicle major Ashok Leyland has posted a 7.5 per cent growth in sales during the month of April, 2019, at 13,626 units compared to 12,677 units during same month a year ago.

Domestic sales grew 10 per cent to 13,141 units during the month, compared to 11,951 units during same month last year, driven by bus and LCV growth.

Ashok Leyland: Sales of domestic trucks down 4%
Posted on 1st March 2019
Ashok Leyland has reported a two per cent drop in medium and heavy commercial vehicle (M&HCV) domestic sales in February 2019 at 12,621 units as compared to 12,874 units, a year ago.

While trucks dropped by four per cent to 11,117 units from 11,577, the bus segment grew by 16 per cent to 1,504 units from 1,297 units.

Ashok Leyland net profit drops 21% at Rs 380 crore in December quarter
Posted on 20th February 2019
Ashok Leyland, the commercial vehicle (CV) maker from the Hinduja Group, reported a 21.5 per cent decline in net profit at Rs 380.8 crore during the quarter ended December 31, 2018, as compared to Rs 484.9 crore during the same quarter of last year. Total income declined 12.3 per cent to Rs 6,346 crore.

Gopal Mahadevan, chief financial officer, said: “Cumulative growth in TIV (total industry volume) till December was 25 per cent, which is significant.

Ashok Leyland launches new Guru 1010 ICV, Boss 1616 and 1916 medium-duty trucks
Posted on 19th February 2019
Ashok Leyland on Monday launched new variants of intermediate commercial vehicle (ICV) GURU 1010 and a medium duty vehicle (MDV) Boss 1616 and 1916.

While GURU 1010 is 10 tonne gross vehicle weight (gvw) , Boss will come in 16 and 19 tonne gvw. The company is betting on providing better profitability to the customer with the new variants by providing better operational efficiency in terms of driver comfort and fuel efficiency.

Ashok Leyland hits 20-month low on growth concerns
Posted on 22nd January 2019
Shares of Ashok Leyland continued under pressure, hitting a 20-month low of Rs 86.55 apiece, down 4.5 per cent on the BSE, on concerns of a slowdown in vehicle sales.

The market price of the country's second largest commercial vehicle (CV) manufacturer was trading at its lowest level since May 25, 2017.

Ashok Leyland set to ply 50 electric buses for Ahmedabad BRTS by May
Posted on 17th January 2019
In a first in the country, Hinduja Group-owned Ashok Leyland is all set to ply 50 electric buses by May for Ahmedabad Janmarg Limited (AJL), which manages Bus Rapid Transit System (BRTS) in the Gujarat’s biggest city.

As per the contract, Ashok Leyland would run entire fleet of electric buses for the first seven years with a provision of two years extension, said Karthick Athmanathan, head – EV & eMobility Solutions.

Ashok Leyland bags orders for 2,580 buses from STUs
Posted on 10th January 2019
Ashok Leyland on Wednesday confirmed that it has bagged orders from IRT (Institute of Road Transport) Chennai, UPSRTC (Uttar Pradesh State Roadways Transport Corporation) and CTU (Chandigarh Transport Undertaking) for manufacturing a total of 2,580 buses. These orders are among the largest from state transport undertakings (STU’s) for a single OEM. All these buses are likely to be dlivered before March 2019.

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