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Ashok Leyland Limited Related news

Ashok Leyland reports 18% decline in M&HCV sales in November

Ashok Leyland reports 18% decline in M&HCV sales in November

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.

Analyst Corner: Retain ‘buy’ on Ashok Leyland, target price Rs 135

Analyst Corner: Retain ‘buy’ on Ashok Leyland, target price Rs 135

The EBITDA margin at 10.6% for Q2FY19 missed our/consensus estimates by 60 bps on lower realizations and higher commodity costs. The bigger surprise was resignation of Vinod Dasari with effect from March 31, 2019. Dheeraj Hinduja will take over as the executive Chairman till the Board finds a suitable replacement.We expect FY20 earnings to benefit from a confluence of factors (higher volumes, lower discounts, higher operating leverage) on BS6 pre-buy.

Ashok Leyland MD-CEO Vinod K Dasari resigns, to stay on till March 2019

Ashok Leyland MD-CEO Vinod K Dasari resigns, to stay on till March 2019

Ashok Leyland managing director (MD) and CEO Vinod K Dasari resigned from his post on Tuesday. He tendered his resignation at the board meeting held to announce the audited results of the company, a Hinduja Group flagship, for the second quarter.

The board of directors in-principle accepted his resignation. But he was asked to continue till March-end 2019 for finding a successor as well as smooth transition.

Ashok Leyland gears up for Electric Vehicle onslaught, lines up four products for rollout in 2019

Ashok Leyland gears up for Electric Vehicle onslaught, lines up four products for rollout in 2019

Ashok Leyland, a Hinduja Group flagship, is betting big on the electric vehicle (EV) front. The company is gearing up to launch at least four EV products in 2019, including a bus, a light commercial vehicle (LCV), a last-mile connectivity product and a medium vehicle.

The company also hinted at its entry into the ‘shared transit’ model on global lines with an electric disruptive vehicle which will be for both urban and rural markets.

Ashok Leyland posts 17% increase in October sales at 15,149 units

Ashok Leyland posts 17% increase in October sales at 15,149 units

Commercial vehicle major Ashok Leyland registered a 17 per cent increase in auto sales in October, with total sales of Light Commercial Vehicle (LCV) and Medium and Commercial Vehicle (M&HCV) at 15,149 units.

M&HCV sales rose 7 per cent to 9,797 units as compared to 9,140 units, a year ago.

Ashok Leyland ups shareholding in Optare to 99.08% to help arm slash debt burden

Ashok Leyland ups shareholding in Optare to 99.08% to help arm slash debt burden

UK-based bus maker Optare has said its parent company Hinduja flagship Ashok Leyland (ALL) has increased its shareholding in Optare to 99.08% from 98.31% during 2017-2018 to convert Optare’s debt to equity, resulting in significantly lower levels of debt. John Fickling, the non-executive chairman of Optare, in the company’s latest annual report, revealed that Optare will have continued integration with ALL to deliver export opportunities and material savings.

Ashok Leyland reports 21% jump in M&HCV sales at 14,232 units in September

Ashok Leyland reports 21% jump in M&HCV sales at 14,232 units in September

Ashok Leyland has reported a 21 per cent jump in M&HCV sales during the month of September 2018 at 14,232 units as against 11,805 units, during the same month last year.

Company's Light Commercial Vehicle (LCVs) sales rose by 44 per cent, 5141 units from 3,566 units, a year ago.

Ashok Leyland to merge virtual and physical testing

Ashok Leyland to merge virtual and physical testing

This week the global 3D software company Dassault Systèmes announced, at its 3DExperience forum in Bengaluru, that Ashok Leyland, India’s second largest commercial vehicle manufacturer, has expanded its use of the 3DExperience platform by adopting the Global Validation, Proven Performance (GVPP) industry solution experience.

Ashok Leyland bags order to supply Tracked Combat Vehicle to armed forces

Ashok Leyland bags order to supply Tracked Combat Vehicle to armed forces

Ashok Leyland has bagged an order to supply Tracked Vehicles for the Indian armed forces. The tender is meant for developmental work and marks Ashok Leyland's foray into tracked vehicle business.

As per the scope of the work, the company will collaborate with Combat Vehicles Research and Development Establishment (CVRDE)

Ashok Leyland bags order to supply Tracked Combat Vehicle to armed forces

Ashok Leyland bags order to supply Tracked Combat Vehicle to armed forces

Ashok Leyland has bagged an order to supply Tracked Vehicle space for the Indian armed forces. The tender is meant for developmental work and marks Ashok Leyland's foray into tracked vehicle business.

As per the scope of the work, the company will collaborate with Combat Vehicles Research and Development Establishment (CVRDE), Chennai for the manufacturing, assembly and testing of lightweight clutch for the design and development of weight optimised 1500hp Automatic Transmission for Main Battle Tanks.

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