Chennai, Ashley Design and Engineering Services (ADES), part of the Hinduja Group?s flagship company Ashok Leyland, has been renamed as Defiance Technologies.
This ?re-branding?, Ashok Leyland hopes, will resonate well with potential customers in the US, who are familiar with the Detroit-based Defiance Testing and Engineering, a company that Ashok Leyland acquired last year.
Defiance Testing and […]
Slackening demand for commercial vehicles (CVs) has forced Ashok Leyland (ALL), the Hinduja Group flagship, to cut its working to three days a week until next month. In a tacit acknowledgement that the global slowdown is creeping in on Indian corporates, the company said on Thursday: “In the last few weeks, the medium and heavy-duty […]
The stock price of auto companies Tata Motors and Ashok Leyland dipped sharply on Thursday as the companies said they would cut production to adjust to the fall in demand and piling inventories.
While Tata Motors fell by more than 12 per cent on Thursday, Ashok Leyland slipped by more than nine per cent.
Tata Motors announced […]
Ashok Leyland today said that during the last few weeks, medium and heavy duty commercial vehicles market
has been facing problems of inadequate funding and higher interest cost. Consequently, market demand has come down. More
Courtesy: indiacar.net
The analysts at Emkay say that Ashok Leyland`s Q2FY09 numbers were ahead of their expectation at operating level. While the net sales at Rs 18.7 billion (6.9% YoY growth) was in line with the expectation, adjusted EBIDTA at Rs 1.5 billion (6.1% YoY decline) was ahead of the estimates by 10%. More
Courtesy: indiacar.net
Hinduja Group flagship Ashok Leyland witnessed drop in net profit for its second quarter primarily due to doubling of interest costs and losses on account of foreign exchange fluctuations.
Sales were higher. Raw material cost as a percentage of net sales during the quarter increased to 89 per cent against 82 per cent during the same […]
Ashok Leyland Ltd, India’s second-biggest bus and truck maker, has formed a joint venture with John Deere for construction equipment, it sai d on Tuesday, to tap a growing focus on infrastructure. More
Courtesy: indiacar.net
UK-based NRI business conglomerate, Hindujas, which is stepping up its commercial vehicle manufacturing business in the country, have not ruled out the possibility of making passenger cars.
“We are not averse (to making cars) and are open to investments in that sector, said Hinduja Group Chairman Srichand P Hinduja. More
Courtesy: indiacar.net
Japanese automobile major Nissan Motor Company and Hinduja Group’s flagship Ashok Leyland are looking to fortify their management teams for Light Commercial Vehicle joint venture. Ashok Leyland has formed a JV with Nissan Motor Company in the light commercial vehicles segment. With an investment of about Rs 2,300 crore (575 million dollar), the JV has […]
Ashok Leyland and Japanese automobile major Nissan on Monday inked a pact with the Tamil Nadu government for setting up a manufacturing facility in Chennai to roll out 0.19 million light-range vehicles, reports Business Line. More
Courtesy: www.indiacar.net