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Stock corner: Maintain ‘buy’ on Ashok Leylands, target price Rs 79
Posted on 15th October 2019
Ashok Leyland (AL) has corrected significantly (price erosion of more than 60% from its highs of `167). We believe its CMP has priced in most of the negative factors (liquidity issues due to the NBFC crisis, one of the worst demand slowdowns, axle load norms) that led to the decline. We believe having priced in most of the negative factors, the sequential increase in vehicle sales due to discounts, festive season buying and pre-BS6 buying would start reflecting in prices as month-on-month demand picks up.

Ashok Leyland's domestic sales drop 57% in September to 7,851 units
Posted on 1st October 2019

Ashok Leyland reported a 57 per cent drop in domestic vehicle sales in September to 7,851 units from 18,078 units in the year-ago period.

The company's domestic sales of medium and heavy commercial vehicles (M&HCV) slumped 69 per cent to 4,035 units from 13,056 the previous year, while those of M&HCV trucks were down 74 per cent to 3,131 units from 11,837 units.


Ashok Leyland extends output cut at Ennore for five more days
Posted on 27th September 2019
Ashok Leyland (ALL) has decided to have more production holidays in view of the continuing slump in the auto sector. With no relief in sight, including the CV industry, at the recently concluded GST Council meet in Goa coupled with no sign of early revival in the demand, the CV major on Thursday announced 5 more non-working days at its mother plant in Ennore, Chennai.

Ashok Leyland signs bonus pact with union
Posted on 14th September 2019
Hinduja group flagship Ashok Leyland (ALL) on Friday announced that it has signed a memorandum of understanding with Ashok Leyland Employees Union (ALEU), the recognised union, for an ex-gratia/bonus amount of Rs 1.75 lakh for the unionised category of employees at its Ennore plant (the mother plant) for the year 2018-19 (April 2018 to March 2019).

Five Ashok Leyland plants to see shutdown in September
Posted on 10th September 2019
On account of weak demand, commercial vehicle manufacturer Ashok Leyland on Monday announced that five of its plants would observe non-working days in September.

According to the filing by the commercial automobile giant, the Ennore plant will shut operations for 16 days. The number of non-working days will be 1-2 at the Hosur plant, five at CPPS and 10 each at Alwar and Bhandara. Pantnagar will see 18 non-working days.


Ashok Leyland announces non-working days
Posted on 9th September 2019
Hinduja Group flagship firm Ashok Leyland on Monday announced non-working days at its various manufacturing facilities following weak demand. “Following are the non-working days at our various plant locations during September 2019 due to continued weak demand for our products”, the company said in a BSE filing.

Ashok Leyland to absorb production holidays at Chennai plant
Posted on 6th September 2019
Hit hard by a whopping 50% decline in its August domestic sales, coupled with no sign of an early recovery in demand, Hinduja group flagship Ashok Leyland (ALL) has once again decided to absorb production holidays at its Ennore plant (the mother plant) in Chennai.

After absorbing August 16, 17, 24, 27 and 31 (and August 26 as the 6th day non-working day) as non-working days earlier, the company has decided to go for more production holidays at the plant.


Ashok Leyland plans light commercial vehicles range in sub-5 tonne segment
Posted on 4th September 2019
NEW DELHI : India’s third-largest commercial vehicle maker, Ashok Leyland, plans to develop a range of light commercial vehicles (LCVs) in the sub-5 tonne category. The move will help the company further consolidate its position in the LCV segment, while reducing its dependency on medium and heavy commercial vehicles (MHCVs).

Ashok Leyland truck sales drops 70% in Aug; total M&HCV sales slide 63%
Posted on 3rd September 2019
Ashok Leyland on Tuesday reported a 70 per cent drop in M&HCV truck sales in the domestic market during the month of August to 3,336 units from 11,135 units, a year ago. Total sales of M&HCVs, including buses, dropped by 63 per cent to 4,585 units from 12,420 units in the previous year.

The sales of light commercial vehicle fell 12 per cent to 3,711 units in August 2019 from 4208 units in August last year. Total vehicle sales, including all these categories, declined 50 per cent to 8,296 units from 16,628 units in August, last year.


Ashok Leyland goes for more output cuts at Ennore plant
Posted on 24th August 2019
Hinduja group flagship Ashok Leyland has announced more production holidays at its Ennore plant (the mother plant) in Chennai.

After absorbing August 16 & 17 as non-working days (production holidays), the company has on Friday informed the employees that August 24 (Saturday), August 27 and August 30 as non-working days and August 26 will be a 6th day non-working day.


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