Commercial vehicle major Ashok Leyland (ALL) has picked up a 26% stake in Optare, a UK-based bus manufacturer. The long-term strategic co-operation will involve an investment of $7.5 million and is expected to support ALL?s efforts to accelerate technology, new product development and address new markets.
ALL has been negotiating with the $125-million Optare for over [...]
The 50:50 joint venture between John Deere India Pvt Ltd, a leading manufacturer and supplier of agricultural equipments, and Ashok Leyland, the flagship company of the Hinduja Group in India, will start production of construction equipment at Chennai by end-2010.
The green-field project will be initially manufacturing loader-backhoes and four-wheel drive loaders, a company official said. [...]
Nissan, which is gearing up for the commercial launch of the Micra next Wednesday, is simultaneously preparing the groundwork for its next small car being planned jointly with Ashok Leyland.
Even though the project is still in the concept stage, sources said small teams from Nissan have been talking to owners of the Maruti Alto to [...]
Hinduja Group flagship company Ashok Leyland today reported an over two-fold jump in total commercial vehicle sales to 8,400 units in June compared to the same month last year.
The company sold 3,966 units in the same month last year, Ashok Leyland said in a statement.
Domestic sales stood at 7,499 units in June against 3,478 units [...]
A fourth round of increase in automobile prices since January is on with firms such as General Motors, Ashok Leyland and Bajaj increasing rates to offset pressure from rising input costs, mainly that of steel and tyres.
Others such as Maruti Suzuki
, Tata Motors and Toyota Kirloskar are also evaluating options.
While Ashok Leyland today said it [...]
Ashok Leyland today has announced an increase in the prices of its medium and heavy duty vehicle models by about 3 per cent with immediate effect. This will translate into a rise of between Rs 20,000 in the cost of vehicle on some models up to Rs 50,000 on others. More
Courtesy:indiacar.net
Hinduja Group flagship company Ashok Leyland today reported an over three-fold jump in commercial vehicle sales at 6,502 units in May, compared to the same month last year.
The company had sold 1,977 units in the same month last year, Ashok Leyland said in a statement.
Domestic sales stood at 5,973 units in May against 1,697 units [...]
The Hinduja Group’s Ashok Leyland and Japanese Nissan Motor Company Tuesday said their joint venture will roll out light commercial vehicles (LCVs) in mid-2011.
The joint venture company, Ashok Leyland Nissan, is a 51:49 partnership between Ashok Leyland and Nissan Motor.
The company will make two models at Ashok Leyland’s plant at Hosur in Tamil Nadu and [...]
Japanese auto major Nissan Motor Company on Tuesday said it may partner with Hinduja Group flagship firm Ashok Leyland for launching a global compact car in India.
“That (compact car) is a segment in which we want to compete. We are in the conceptual phase… We are still talking to a number of potential partners,” Nissan [...]
Ashok Leyland counter on Wednesday created a 52-week high at Rs 68 on increased demand, but closed lower at Rs 67, with a gain of over 2 per cent. About 2.82 crore shares changed hands on the NSE and BSE.
The general perception of analysts about the April sales numbers and January-March quarter results has [...]
The Hinduja Group on Wednesday said the joint venture between flagship company Ashok Leyland and Nissan will roll out a light commercial vehicle in 2011.
“Things (JV with Nissan) are on schedule and everything is moving along. The first light commercial vehicle will be rolled out in 2011,” Hinduja Automotive Executive Vice- Chairman V Sumantran told [...]
Hinduja Group flagship company Ashok Leyland on Monday reported 97.43 per cent jump in its commercial vehicle sales at 10,067 units in March.
The company had sold 5,099 units in the same month last year, Ashok Leyland said in a statement.
In FY�10, Ashok Leyland sold 63,926 units as against 54,431 units in the previous fiscal, up [...]
Renault-Nissan strongly hinted on Tuesday that it might partner with commercial vehicle major Ashok Leyland (ALL) to produce a new passenger car which will be positioned between its ultra-low-cost car project (ULC) with Bajaj and the v-platform ‘Micra’ car. ( Watch )
The alliance has been engaged in discussion with the ALL team, among [...]
Automobile manufacturer Ashok Leyland�s monthly numbers for February stood at 7,869 units, while the sales doubled on year-on-year (YoY) basis. In an interview with CNBC-TV18, K Sridharan, Chief Financial Officer of the company says that they are maintaining their current year target of 64,000 units. He also expects the auto industry to grow by 15% [...]
Shares of Ashok Leyland gained following robust February sales numbers. The shares of the company are trading at Rs 53.45, up Rs 0.8, or 1.52% at the Bombay Stock Exchange
(BSE) on Thursday at 12:11 p.m.
According to media reports, the February sales figures of the company climbed over two-fold to 7,869 units from 3,245 units sold [...]