Ashok Leyland

Ashok Leyland sales jump 48% in December

Chennai - Auto major Ashok Leyland reported 48 percent jump in sales at 9,290 units in December 2014.

The Hinduja Group company had sold 6,275 units during the same month of 2013.

Sales of medium and heavy commercial vehicles soared 85 percent in December 2014 to 7,210 units as against 3,890 units sold during the same month of previous year, the Chennai-based automaker said in a statement.

On sales of light commercial vehicles, the company witnessed 13 percent decline in December 2014, to 2,080 units from 2,385 units sold in December 2013.

Ashok Leyland to launch 'Jan Bus' in Kolkata this week: MD

Ashok-Leyland-Jan-BusChennai: Commercial vehicle maker Ashok Leyland has lined up a number of new launches this fiscal which include the formal launch of 'Jan Bus' in Kolkata on July 30, a top official said.

"There are many products. A whole slew of launches. We have variants of Bus, lot more of Captain. Jan Bus is being launched on 30th (July) in Kolkata, first time, a national launch in collaboration with the government. We are very happy about that..." Ashok Leyland, Managing Director, Vinod K Dasari told reporters.

Ashok Leyland introduces 2015 models in Saudi Arabia

Ashok_LeylandDubai - Ashok Leyland, a market leader in staff transport solutions category in Saudi Arabia, is launching the 2015 models this month.

A company statement said it has established itself as the primary choice for commercial transport not only at the construction sites but also in school and staff transport segments.

Falcon series of air-conditioned and non-air conditioned buses with options of 56/66/83 seats are flagship products and have proved their utility.

Ashok Leyland gets order to supply 2,200 buses to Sri Lanka

Ashok-LeylandNew Delhi: Hinduja Group flagship company Ashok Leyland has received an order for supplying 2,200 buses to Sri Lanka.

The company said it will supply the buses within the next six months.

This is the one of the largest purchase by the Sri Lankan Transport Board (SLTB), as the government aims to modernise its existing fleet and significantly improve the country's public transport network, Ashok Leyland said in a statement.

Ashok Leyland’s non-executive vice chairman Dr. Sumantran resigns

Ashok Leyland’s non-executive vice chairman Dr. Sumantran resignsIndian commercial vehicles maker Ashok Leyland Ltd. confirmed on Thursday that its Board of Directors accepted the resignation of Non-Executive Vice Chairman Dr.  V.  Sumantran.

Mr.  Sumantran, one of the most prominent faces of Hinduja Automotive Ltd. as well as Ashok Leyland Ltd, will step down as non-executive vice chairman of the truck maker on 31st of March this year.  He has also stepped down from the role as vice chairman of Hinduja Automotive Ltd.

Ashok Leyland reports 26% decline in January sales; shares slip

Ashok LeylandStock in Ashok Leyland slipped nearly 2 per cent yesterday after the mid-cap commercial vehicles maker announced a steep decline in January sales.

The Hindujas-run commercial vehicles maker said its January sales slipped 26 per cent year-on-year to 7,847 units in January 2014. Sales of medium and heavy commercial vehicles slipped 19 per cent to 5,530 units in January this year over January last year; while sales of light commercial vehicles tumbled 37 per cent to 2,317 units.

Ashok Leyland to launch LCV variants

Ashok-LeylandChennai, Jan 30 : Commercial vehicle major Ashok Leyland would soon launch variants of its light commercial vehicles (LCV) to address different market segments, said a senior company official here Thursday.

"We will be launching variants to our existing LCVs, targeting different segments. The LCV segment is marked by high volumes with low margins," said vice chairman V. Sumantran after launching two new vehicles.

He said the two new LCVs - truck Partner and bus MiTR - would fill the void in the company's product line up.

Ashok Leyland announces VRS for all categories of its executives

Ashok-LeylandIn a bid to align costs to decline in activity levels, commercial vehicle giant Ashok Leyland has announced a voluntary retirement scheme (VRS) for all categories of its executives.

Chennai-headquartered Ashok Leyland, which has more than 5,000 executives on its payrolls, said that the proposed VRS was applicable to all categories of executives. The company also claimed that any employee who opts for the scheme would be given adequate compensation package.

Ashok Leyland expects new CV ‘Boss’ to arrest decline in sales

Ashok Leyland expects new CV ‘Boss’ to arrest decline in salesHeavy vehicle maker Ashok Leyland hopes that its newly launched intermediate commercial vehicle `Boss' would help the company arrest the sharp decline in its overall sales and expand its market share in the South as well as West.

The Hinduja Group flagship firm launched took wraps off the Boss in Chennai, India, on Wednesday. Meant to haul loads of 9-13 tones, the Boss, according to the company's claims, is a blend of strength, ruggedness and the comfort of a car.

Ashok Leyland to launch new passenger vehicle, LCV

Ashok Leyland to launch new passenger vehicle, LCVChennai, Oct 10 : Commercial vehicle major Ashok Leyland Ltd will soon launch a 13-seater passenger carrier vehicle and a light commercial vehicle (LCV) which will have goods carrier and ambulance variants, said a senior company official.

"We will soon be launching Dost Express - a 13-seater passenger carrying vehicle. We will also launch another LCV named Partner," Ashok Leyland's vice chairman V. Sumantran told reporters here Thursday launching multi-purpose vehicle (MPV) STILE.

Ashok Leyland sales down 24 percent in August

Ashok-LeylandChennai, Sep 2 : Commercial vehicle maker Ashok Leyland Monday said its sales slid 24 percent in August as compared to the like month of 2012.

In a statement here, the company said it sold 7,139 units last month. The offtake was 9,432 units in August 2012.

The company experienced fall across segments - small, medium and heavy commercial vehicles.

For the period April-August 2013, the company has sold 37,609 units, down from 46,704 units sold during comparable period previous year.(IANS)

Ashok Leyland launches Neptune engine

Ashok-LeylandChennai, Aug 23 : Commercial vehicles major Ashok Leyland Ltd Friday announced the launch of its own Neptune family of engines to be fitted its vehicles in a phased manner.

In a statement issued here, the company said: The future-ready Neptune engine will be available in BS-III (Bharat Stage) and BS-IV versions and is also package protected for BS-V and BS-VI."

According to the company, the modular sub-system design ensures maximum vehicle uptime and better noise, vibration and harshness (NVH) characteristics.

Ashok Leyland unveils multi-purpose vehicle Stile

Ashok Leyland unveils multi-purpose vehicle StileHinduja Group's Ashok Leyland Ltd recently introduced the world to its new multi-purpose vehicle (MPV) called Stile, which has been developed by Ashok Leyland-Nissan Motor Co joint venture.

Scheduled to hit the roads later this year, the Ashok Leyland Stile will be rolled out of Nissan's Oragadam-based manufacturing facility.

The Stile will be available in Diesel as well as CNG versions. With seating options of 2 and 3 rows, the vehicle will target urban and rural areas, panel vans, hotel shuttles, taxi service, ambulance service and more.

Ashok Leyland posts Rs.141 crore loss in first quarter

Ashok-LeylandChennai, July 16 : Commercial vehicles maker Ashok Leyland closed the first quarter with a turnover of Rs. 2,363.81 crore and net loss of Rs. 141.75 crore as against a turnover of Rs. 3,026.89 crore and a net profit of Rs.
66.94 crore posted during the corresponding period the previous year.

"What we are experiencing is one of the harshest and steepest of downturns and while we are combating it, the situation also affords us an opportunity to streamline our processes towards becoming a leaner and far more customer-oriented organisation," Vinod K. Dasari, managing director, said here Tuesday.

Ashok Leyland sales dip 16 percent

Ashok-LeylandChennai, June 1 : Commercial vehicle manufacturer Ashok Leyland's sales slid 16 percent in May as compared to the number of vehicles it sold during May 2012, the company said Saturday.

A statement here said the company sold 7,267 units in May 2013, down from 8,655 in May 2012.

The company experienced a major fall in its medium and heavy duty vehicles segment where the sales volume went down by 22 percent.

In the case of small commercial vehicle Dost, Ashok Leyland saw one percent increase in volume to 2,355 units last month compared to May 2012. (IANS)

Ashok Leyland announces organisational revamp

Ashok Leyland announces organisational revampAshok Leyland, India's second largest CV manufacturer, has announced its decision to revamp its organisational structure classified into three different units, viz. truck, bus and power solutions.

Vinod K Dasari, managing director of Ashok Leyland, said that the decision to classify the company into three divisions had been taken in a bid to improve customer experience and shareholder value.

Dasari also announced that each of the three planned divisions would have an independent head, but wouldn't be a separate strategic business division.

Ashok Leyland records 42% fall in net profit

Ashok Leyland records 42% fall in net profitAshok Leyland, a leading commercial vehicle maker in India, has recorded a fall of 42 per cent in net profits to Rs. 150.03 crore during the first quarter of the year.

The company had recorded a net profit of Rs. 258.73 crore during the same period of the previous year. The total revenues were recorded at Rs. 3,728 crore and the total sales stood at 23,602 units during the January to March, 2013 period. Experts have said that the company faced lower earnings due to low operating margins, low utilization levels and high discounts in the country.

Ashok Leyland to launch three vehicles, invest Rs.600 crore in 2013-14

Ashok-Leyland-StileChennai, May 10 : Commercial vehicle major Ashok Leyland Ltd will be launching three new vehicles, including a passenger carrier, and investing around Rs. 600 crore this year while rejigging its organisational structure in line with its mission to be one of the top 10 truck-makers and top five bus-makers in the world, said a top company official.

Ashok Leyland reports Q3 profit on one-time gains

Ashok-LeylandIndia's commercial vehicle maker Ashok Leyland Ltd has reported a year-on-year increase of around 11 per cent in net profit for the third-quarter of current fiscal, thanks to an exceptional gain.

The country's second-largest maker of trucks and buses said its net profit jumped to Rs 74 crore in the three months through December 2012, from Rs 67 crore in the corresponding period of the previous year.

However, net sales slipped 18 per cent from Rs 2,903.5 crore in the third quarter of last fiscal to Rs 2,380.5 crore in the same quarter of this fiscal.

Ashok Leyland reports net profit of Rs 143 crore, shares rise

Ashok Leyland reports net profit of Rs 143 crore, shares riseIndia's second-biggest bus and truck maker, Ashok Leyland has recorded a net profit of Rs 143 crore during the July-September quarter.

Even as the second quarter profit is 7 percent below the profits recorded in the same quarter of the previous year, it is much higher than the market expectation of Rs 84 crore. The sales of the company increased 5 percent to Rs
3,222 crore compared to analyst expectation of Rs 3,213 crore.

Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate

Syndicate content