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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.

Ashok Leyland hits 18-month low on weak December sales
Posted on 4th January 2019
Shares of Ashok Leyland slipped to their 18-month low of Rs 95.95 apiece, dipping 2 per cent on the BSE, and extending their 4 per cent fall in the past two days after recording weak December sales numbers. The stock of commercial vehicles (CV) manufacturer was trading at its lowest level since July 3, 2017.

Ashok Leyland in talks with global OEM to offer mobility solutions
Posted on 22nd December 2018
Hinduja flagship Ashok Leyland said that it is in advanced talks with a select few defence players (OEMs) in the US and Europe to offer its mobility solutions. The sompany, the largest mobility/logistic solutions provider for the Indian Army for more than three decades, sees huge opportunity not only in India but also in the overseas markets, given the wide offerings as well cost advantage it holds among peers.

Ashok Leyland, Israel's Elbit Systems sign MoU for high mobility vehicles
Posted on 12th December 2018
Ashok Leyland, flagship of the Hinduja Group, has signed a MoU with Israel-based Elbit Systems to provide High Mobility vehicles (HMV) for the latter's artillery guns and systems.

Elbit Systems is a high technology company globally engaged in a range of defence areas, including Land Systems, Artillery Systems and Platforms, Howitzers, Mortars and Ammunition.

Ashok Leyland reports 18% decline in M&HCV sales in November
Posted on 3rd December 2018
Ashok Leyland has reported an 18 per cent decline in M&HCV sales during the month of November 2018 at 8,718 units as against 10,638 units, a year ago. Light Commercial Vehicle (LCV) sales rose by 15 per cent to 4,403 units from 3,819 units, a year ago.

Total sales dropped by 9 per cent to 13,121 units from 14,457 units in November 2017.

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