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Ashok Leyland ups shareholding in Optare to 99.08% to help arm slash debt burden
Posted on 26th October 2018
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
Posted on 1st October 2018
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
Posted on 8th September 2018
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
Posted on 25th August 2018
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
Posted on 24th August 2018
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.


ASHOK LEYLAND BAGS ORDER FOR 300 BUSES FROM BANGLADESH
Posted on 18th August 2018
Hinduja flagship firm Ashok Leyland on Friday said it had bagged an order from Bangladesh Road Transport Corporation (BRTC) for supply of 300 buses.

The order is for double decker buses which have been procured against a tender under Indian Line of Credit, the company said in a statement.


Ashok Leyland bags order for 300 double-decker buses from Bangladesh
Posted on 17th August 2018
Ashok Leyland has won an order of 300 double-decker buses from Bangladesh Road Transport Corporation (BRTC).

Leyland has to deliver the order within eight months.

Vinod K. Dasari, Managing Director of Ashok Leyland, said Bangladesh is one of the key export markets and this order further strengthens the company's position.


Ashok Leyland sales up by 27% in July; M&HCV sales rise by 22%
Posted on 1st August 2018
Ashok Leyland total sales up 27 per cent at 15,199 Units in July 2018 from 11,981 units, a year ago.

The M&HCV sales up 22 per cent to 10,996 Units from 9,026 Units, while Light Commercial Vehicle Sales rose by 42 per cent to 4,203 units from 2,955 units.


Ashok Leyland slumps 14% on demand worries
Posted on 19th July 2018
Shares of Ashok Leyland on Wednesday slumped nearly 14% as analysts expressed concerns over demand uncertainty and high competition after the government brought in new axle norms for load carrying capacity.

The stock plunged 13.93% to settle at Rs 110.60 on BSE. During the day, it tanked 14.90% to Rs 109.35.


Ashok Leyland Q1 net surges 233% to Rs 370 cr
Posted on 18th July 2018
Riding on a favourable base effect, Ashok Leyland (ALL) on Tuesday beat analysts estimates by posting a 233% year-on-year growth in its net profit at Rs 370 crore during the April-June quarter.

This is the company’s highest quarterly growth in over two years. During the period, the company’s revenue increased 47% to Rs 6,250 crore, which was below estimates.


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