The Chennai-based company, which trails leader Tata Motors Ltd, will launch its iBus this year and also extend its range of tractors, it said in a statement. Leyland earlier on Thursday reported a better-than-expected 5 percent rise in its fiscal fourth-quarter net profit to 1.81 billion rupees from 1.72 billion a year earlier. Read more
Courtesy: economictimes.indiatimes.com
Archive for the 'Ashok Leyland' Category
“We are still considering it (acquiring Valeo) but we are not very sure whether we will be able to close it or not,” Ashok Leyland Chief Financial Officer K Sridharan told reporters on the sidelines of the CFO Asia Summit here. Read more
Courtesy: economictimes.indiatimes.com
German co to setup heavy truck manufacturing plant in Pune
Published April 23rd, 2008 in Ashok Leyland. 2 Comments“The plant would make commercial vehicle transmissions for heavy trucks and agriculture and construction components for the domestic market,” ZF Board Member Wolfgang Vogal told reporters.
The plant would be commissioned by the middle of 2009 and the company is in the “process of acquiring land” in Pune. More
Courtesy: indiacar.net
Ashok Leyland doubles investment in Uttaranchal to Rs 20 bn
Published February 27th, 2008 in Ashok Leyland. 0 CommentsRead more
Courtesy: www.indiacar.net
Ashok Leyland to develop mine-protected vehicle
Published February 17th, 2008 in Ashok Leyland. 0 CommentsAshok Leyland Ltd is working on developing a mine-protected vehicle and is in talks with overseas firms to partner it in the project, a senior official said on Saturday.
“It will not only be for the Indian market, but also for overseas markets. That is the reason why we are looking for a technical partner,” B. Khaitan, special director for specialist vehicles, said on the sidelines of a defence exhibition. More
Courtesy: www.indiacar.net
Emkay has recommended a BUY on Ashok Leyland (Q, N,C,F)* (CMP: Rs 37) with a target price of Rs 54.
The analysts at Emkay say that Ashok Leyland reported its Q3FY08 numbers in line with their expectations. Net sales grew by 1.3% YoY to Rs 18 billion backed by spare parts and defense sales and approximately 4% pricing action during preceding 12 months. However, EBIDTA has registered a declined by 10% YoY to Rs 1.7 billion. This is largely due to significant increase in the employee cost, which increased by 29% YoY on account of employee addition as well as wage revisions. In fact, increase in wage costs overshadowed the efforts of the company on the raw material as well as other expenses front. Higher depreciation charge and rising interest costs resulted in adjusted net profit to decline by 17.5% YoY to Rs 916 million. Read more
Courtesy:www.indiacar.net
Renault-Bajaj tie-up: We have no objection, says Ashok Leyland
Published January 10th, 2008 in Bajaj auto, Ashok Leyland and Renault. 0 CommentsHinduja Group?s Indian flagship company Ashok Leyland said it did not have an objection to a possible Renault-Bajaj tie-up for a light commercial vehicle even as the company is inching close to finalising the site for the plant to be set up in joint venture with Nissan Motors.
The Renault-Nissan combine has been announcing a rash of new joint ventures for manufacturing passenger and commercial vehicles in India.
It may be recalled that Ashok Leyland and Nissan Motor Company had signed a Heads of Agreement (HoA) for the formation of three joint venture companies supporting the Light Commercial Vehicle (LCV) business three months ago. More
Courtesy:www.indiacar.net
Hinduja group flagship Ashok Leyland (ALL) has developed the country?s first 1-litre-percylinder, 6-cylinder CNG engine for buses, employing multi-point fuel injection (MPFI).
The CNG technology pioneer has brought out the engine series that conform to Euro IV emission standards. This is the outcome of the in-house R&D efforts of the company that rolled out the first CNG bus engine in the country a decade ago.
?With this engine, we step into the more challenging phase of transient cycles mandated in the Euro-IV norms of the future,? said Ashok Leyland MD R Seshasayee on Wednesday. More
Courtesy:www.indiacar.net
Daimler to hold 60% stake in bus & truck JV with Hero
Published December 27th, 2007 in Tata Motors, DaimlerChrysler India, Nissan, Ashok Leyland and Eicher motors. 0 CommentsGerman auto major Daimler will hold 60% stake in its commercial vehicle joint venture in India with the Hero group holding the remaining 40%. The total investment in the project will be around Rs 3,500 crore, although the final numbers are still being worked out. Daimler’s investment in the venture will be around Rs 1,650 crore. This pegs the equity component of the Rs 3,500-crore project at around Rs 2,750 crore.
While Daimler and Hero had announced plans for a JV earlier this month, but they did not give out the details then. These figures were communicated by the German company to the government last week. The proposed Rs 3,500-crore investment makes this JV the biggest of the four commercial vehicle partnerships announced this year, namely Tata-Iveco, Nissan-Ashok Leyland and Volvo Eicher. More
Courtesy:economictimes.indiatimes.com
Truck-makers hope for sales to pick-up in ‘08
Published December 18th, 2007 in Tata Motors and Ashok Leyland. 0 CommentsReeling under a severe downturn for the past one year, commercial vehicle (CV) majors are keeping their fingers crossed over an upswing in demand in 2008. Higher capex plans by top industrial sectors, adoption of BS III norms from 2010 and pressure on state transport unions (STUs) to upgrade their fleet are expected to trigger growth, industry officials said. More
Courtesy:economictimes.indiatimes.com
