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Ashok Leyland hits over 5-year low on HLFL stake purchase proposal
Posted on 20th March 2020
Shares of Ashok Leyland were under pressure for the second straight day on Friday, plunging 15 per cent to hit an over five-year low of Rs 41.10, on the BSE, after the company announced acquisition of around 19 per cent stake in its subsidiary Hinduja Leyland Finance (HLFL). The stock has tanked 36 per cent in the past two trading days, and was quoting at its lowest level since September 2014.

Nifty Auto hits 6-year low; Maruti tumbles 11%, Ashok Leyland plunges 19%
Posted on 19th March 2020
Shares of auto companies were trading with up to 19 per cent cut on the NSE on Thursday as panic selling continued amid growing fears of economic dislocation due to pandemic Coronavirus (Covid-19).

Nifty Auto index hit a six-year low today. At 10:33 am, the index was trading 7.5 per cent lower at 5,102 levels with 14 out of 15 components declining. In comparison, the benchmark Nifty50 index was hovering around 8,000 levels, down 466 points or 5.5 per cent.

Ashok Leyland domestic M&HCV sales down by 47%; bus sales rise 36%
Posted on 2nd March 2020

Ashok Leyland reported a 47 per cent drop in the total medium and heavy commercial vehicle (M&HCV) domestic sales during the month of February 2020 at 6,745 units as against 12,621 units, a year ago.

The drop came due to the truck business, which dropped by 58 per cent to 4,706 units from 11,117 units, while domestic bus sales rose by 36 per cent to 2,039 units from 1.504 units.


Ashok Leyland sales slump 40 per cent in January to 11,850 units
Posted on 3rd February 2020

Hinduja group flagship firm Ashok Leyland on Monday reported 39.9 per cent decline in total vehicles sales at 11,850 units in January.

The company had sold 19,741 units in the same month last year, Ashok Leyland said in a regulatory filing.

Total domestic vehicles sales stood at 10,850 units in January against 18,533 units in the year-ago period, registering a decline of 41.4 per cent.


Ashok Leyland slips 7% after standalone profit before tax slumps 97% in Q2
Posted on 11th November 2019
Shares of Ashok Leyland slipped up to 7.2 per cent to Rs 71 in the morning deals on the NSE on Monday, after the company reported weak September quarter earnings. The commercial vehicle major logged a 97 per cent drop in standalone profit before tax at Rs 19.11 crore during Q2FY20, as compared to Rs 670.8 crore during same quarter last year.

At 9:43 AM, the stock was trading 3.2 per cent lower at Rs 74.05. In comparison, the benchmark Nifty50 was 0.19 per cent down at 11,885-mark. Nearly 2.05 shares changed hands on the NSE and BSE till the time of writing of this report.


Auto slowdown: Ashok Leyland M&HCV domestic sales drop by 50% in October
Posted on 1st November 2019

Ashok Leyland has reported a 50 per cent drop in domestic M&HCV sales during the month of October 2019 to 4,565 units as against 9,062 units, a year ago.

The biggest drop was in trucks, whose sales declined by 59 per cent to 3,335 units in October from 8,124 units in the same month a year ago. Bus sales in October, on the other hand, were up 31 per cent to 1,230 units, from 938 units the previous year.


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).

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