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 […]
Hinduja group-owned auto company Ashok Leyland will invest Rs 3,000 crore in the next three years on various expansion projects, its managing director R Seshasayee said on Thursday.
The company had earlier scaled down its investment plans due to the economic slowdown to Rs 2,000 crore against a proposed Rs 3,200 crore.
�This investment will not only […]
Hinduja group-owned auto company Ashok Leyland will invest Rs 3,000 crore in the next three years on various expansion projects, its managing director R Seshasayee said on Thursday.
The company had earlier scaled down its investment plans due to the economic slowdown to Rs 2,000 crore against a proposed Rs 3,200 crore. More
Courtesy : […]
Hinduja Group company Ashok Leyland today said it will invest Rs 3,000 crore in the next three years on various projects, including
its light commercial vehicle joint venture with Japanese automaker Nissan.
“We had cut back our investment due to the market conditions. Now, we are activating the investment again as the market has come back. We […]
Nissan is in talks with Ashok Leyland to develop a global small car costing under $5,000 (Rs 2.5 lakh).
Mr Colin Dodge, Executive Vice-President of Nissan, told reporters at the Geneva Motor Show that the Indian company’s engineering skills could make this project a reality.
The two are in an alliance for light commercial vehicles and the […]
Commercial vehicle major, Ashol Leyland is gradually moving up the value chain in the bus segment by going in for more fully-built bus units. Currently, 40% of the buses sold are built by itself. The company is keen to increase this to 90% in three years. By 2011, ALL hopes to build 18,000-20,000 buses a […]
Ashok Leyland has reported a net profit of Rs 105 crore for the quarter ended December 2009, which is six times that in the corresponding quarter of last year.
The October-December quarter of 2008 was the worst period of the recession and hence the �base effect’ partly explains the jump in net profit.
�The phenomenal improvement in […]
Auto maker Ashok Leyland today said it will have no joint branding with Japan’s Nissan for light commercial vehicles to be manufactured by a joint venture between the two firms.
Ashok Leyland and Nissan had announced three JVs in 2007 for making light commercial vehicles (LCVs), powertrains and developing technology, and setting up of a plant […]
Commercial vehicle maker Ashok Leyland (Q,N,C,F)* said it expects a double-digit growth in sales during this fiscal on the back of a strong demand, reports agency sources.
The medium and heavy commercial vehicle segment has recovered in sales and is witnessing a robust growth.
“We expect the industry to grow in at least double digit during the […]