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Ashok Leyland Ennore plant workers protest over bonus issue
Posted on 17th August 2019
Hinduja group flagship firm Ashok Leyland Limited (ALL) is in for another challenging time.

Amidst slowdown blues and suspended production at its plants due to weak demand, workers’ union at the company’s Ennore plant (the mother plant set up in 1960s) went on a day’s sit-in-dharna on Friday, protesting against the management’s refusal to meet the union’s demand on bonus issue. However, the plant’s production has not been hit, said sources in the know.

Ashok Leyland: Maintain ‘buy’ with TP of Rs 87
Posted on 7th August 2019
Q1 EBITDA margin at 9.4% was in line with our estimate (ahead of consensus by 60 bps), but revenue/PAT missed. Management remained non-committal on volume growth number for FY20 (earlier was expecting 10-12% industry growth) given the continued demand weakness.

While demand recovery remains crucial, it has initiated Rs 5-bn cost reduction program which should aid margin.

Ashok Leyland embarks on cost-cutting route to stay fit, maintain margins
Posted on 2nd August 2019
Hinduja group flagship Ashok Leyland Ltd (ALL) has said it has decided to prune costs across verticals to not only stay fit in the volatile market conditions but also maintain its earnings before interest, tax, depreciation and amortisation (Ebitda)/profitable margins at a decent level.

Ashok Leyland Q1 profit dips 44 per cent to Rs 247 crore
Posted on 1st August 2019
Commercial vehicle major Ashok Leyland posted a 44% dip in consolidated profit at Rs 247 crore in the first quarter of current fiscal. The company had posted a profit of Rs 443.32 crore in the April-June quarter a year ago.

The company's consolidated revenue from operations declined 8% during the quarter under review to Rs 6,612.42 crore from Rs 7,193.79 crore in the corresponding quarter of 2018-19.

Ashok Leyland dips 4% on closing Pantnagar plant due to weak demand
Posted on 16th July 2019
Shares of Ashok Leyland dipped up to 4 per cent to trade at Rs 82.10 per share in the early morning deals on Tuesday after the company announced closure of its Pantnagar plant due to weak demand and outlook for the industry.

In a regulatory filing, the heavy vehicle manufacturer said that the plant will remain closed between July 16 and July 24.

Ashok Leyland appoints two new COOs, CFO given additional responsibility
Posted on 21st June 2019
Ashok Leyland on Thursday announced organisational changes by elevating two senior officials as chief operating officers and appointing a head for electric vehicle business. However, the company did not announce any name for the position of MD & CEO, which fell vacant after Vinod K Dasari quit in November 2018.

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.

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