Ashok Leyland Limited has sold shares worth Rs 165.37 crore in lnduslnd Bank Limited. According to company's announcement Ashok Leyland sold 18 lakh shares of Rs 10 each held in IndusInd Bank Ltd in the open market during the period between September 25-29, 2015 at a net price of Rs 918.76 per share.

Ashok Leyland balance sheet shows as on March 31, 2015 the company held 50,63,923 shares in IndusInd Bank.

Chennai: Ashok Leyland Ltd, the country’s second largest commercial vehicle manufacturer, expects to double its revenue from exports in the next five years.

A week ago, soon after the company announced better-than-expected earnings in the June quarter, Gopal Mahadevan, its chief financial officer, said the firm will improve its revenue from exports to one-third of total revenue from the current 15% in the next three-five years.

The National Green Tribunal today flayed Delhi Transport Corporation (DTC) for running its air conditioned buses without passengers for a major part of the day.

Irked at improper maintenance of the DTC buses, the green panel also issued notice to the Tata Motors and Ashok Leyland, which supply buses, and directed their senior-most official to be present on next date of hearing.

Commercial vehicle manufacturer Ashok Leyland has posted a net profit of Rs 159.32 crore during the quarter ended June 30, 2015, as compared to net loss of Rs 47.95 crore for the same period of last year.

The total income from operations stood at Rs 3,841.21 crore during the quarter, as against Rs 2,477.80 crore posted during the corresponding quarter of previous fiscal year, an increase of 55 per cent.

Commercial vehicles maker, Ashok Leyland Limited (ALL), is embarking on a "platform strategy" to regain the market share that it lost in the domestic light commercial vehicle (LCV) segment, according to its president (LCV, defence) Nitin Seth.

"Our target is to go back to the 18% market share, which we used to hold earlier. Towards this, we are looking at bringing in more variants based on our existing three platforms -- DOST (LCV), Partner (mini-truck) and MiTR (mini-bus)," he told Business Standard.

Shares of Ashok Leyland were trading higher by nearly 3% at Rs 76 on the National Stock Exchange (NSE) after the company reported a 41% year-on-year (yoy) increase in total sales of commercial vehicles at 10,461 units in June 2015. The company had sold 7,411 units in the same month last year.

Sales of heavy and medium commercial vehicles (M&HCV) rose by 46% yoy at 8,048 units, while that of light commercial vehicles (LCV) sales rose by 26% at 2,413 units in June, the company said in a filing to the BSE.

NEW DELHI: Hinduja Group's flagship company Ashok Leyland today said its light commercial vehicle (LCV) 'Dost' has crossed one lakh sales mark.

In less than three years since Ashok Leyland and Nissan formed a joint venture to manufacture LCVs, the company has rolled out the 1,00,000th unit of Dost, Chennai-based Ashok Leyland said in a statement.

Ashok Leyland today said it will seek shareholder approval to raise money through Qualified Institutional Buyers (QIBs) and other routes.

While the company didnot mention the amount it wants the raise, it said the funds will be used to support capex, as working capital and for investment in joint ventures etc.

Commercial vehicle major Ashok Leyland's standalone net profit in 2014-15 rose to Rs 335 crore from Rs 29 crore in the prior year. Total income climbed 36 per cent to Rs 13,562 crore in 2014-15 from Rs 9,943 crore in 2013-14. The company's share of the medium and heavy commercial vehicle market increased to 29 per cent during 2014-15 from 26 per cent in 2013-14.

Commercial vehicles major Ashok Leyland Ltd has posted a growth fo 40% in sales during the month of May, 2015, selling 9294 units compared to 6632 units sold during May, last year.

The sales of medium and heavy commercial vehicles (M&HCV) grew by 41%, to 6892 units during May, this year, compared to 4884 units during the same month of previous year.

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