SHENU AGARWAL
Commercial vehicle sales surpass expectations, indicating strong economic activity Sales of commercial vehicles increased last quarter, driven by strong replacement demand and continued government infrastructure spending. More than 234,000 trucks and buses were sold in the local market in the three months ended June, exceeding exp...
09 Jul, 2024, 12.14 AM ISTAshok Leyland rolls out 'Sarathi Suraksha' policy The policy, classified as an 'Unnamed GPA (Group Personal Accident) policy' covers any driver operating an Ashok Leyland vehicle, providing comprehensive protection for the drivers. The comprehensive insurance policy covers accidental death, permane...
04 Jun, 2024, 04.33 PM ISTAshok Leyland Q4 Results: Net profit jumps 20% to Rs 900.41 crore Revenues from operations in the quarter under review stood at Rs 11,266.69 crore as compared to Rs 11,625.67 crore in the year-ago period.
24 May, 2024, 08.56 PM IST- ADVERTISEMENT
Ashok Leyland to unveil 5-6 new products under LCV segment: MD Earlier today, Ashok Leyland announced a 16.73 percent rise in consolidated net profit, reaching Rs 933.69 crore in the January-March 2024 quarter, compared to Rs 799.87 crore recorded in the corresponding period of the previous fiscal year.
24 May, 2024, 07.36 PM ISTAshok Leyland Q4 Results: Net profit rises 17% to Rs 934 crore Ashok Leyland reported a 16.73% increase in Q4 net profit to Rs 933.69 crore. FY24 net profit was Rs 2,696.34 crore with a revenue of Rs 45,790.64 crore. Managing Director Shenu Agarwal and Chairman Dheeraj Hinduja expressed optimism about the compa...
24 May, 2024, 02.29 PM ISTAshok Leyland reaches 3 million production milestone at Pantnagar plant Ashok Leyland, a Hinduja Group flagship company, has rolled out three million units from its Uttarakhand factory, marking a significant milestone in its vision to become one of the top 10 Commercial Vehicle (CV) manufacturers globally. The company's...
22 Feb, 2024, 05.18 PM ISTUP CM Adityanath lays foundation stone for green CV facility of Ashok Leyland Ashok Leyland said it plans to expand this capacity to 5,000 vehicles annually over the next decade, anticipating the growing demand for electric and other types of vehicles in the coming years.
20 Feb, 2024, 05.13 PM ISTAshok Leyland progressing well in network expansion in North & East Ashok Leyland in the first nine months of the financial year ending December 31, 2023 reported its highest turnover of Rs 27,100 crore, highest sales volume at 1,38,416 units, EBITDA of Rs 3,014 crore and Profit After Tax of Rs 1,718 crore.
11 Feb, 2024, 11.49 AM ISTAshok Leyland hands over keys of 14T Boss Electric truck to Billion E-Mobility Ashok Leyland has begun delivering its electric trucks, with the keys of the 14T Boss Electric Truck handed over to Billion E-Mobility at an event in New Delhi. The company's Managing Director and CEO, Shenu Agarwal, stated that this delivery marks ...
03 Feb, 2024, 02.57 PM ISTAshok Leyland achieves record sales at 1.98 lakh units in 2023 Ashok Leyland, a commercial vehicle maker, sold 1,98,113 units in CY 2023, surpassing its 2018 sales record of 1,96,579 units. The record achievement reflects the company's product versatility and strong market presence. The company plans to continu...
08 Jan, 2024, 01.35 PM ISTAshok Leyland bags order for 552 buses from Tamil Nadu transport entity Commercial vehicle major Ashok Leyland on Thursday said it has bagged an order to supply 552 buses from Tamil Nadu State Transport Corporation (TNSTC). The ultra-low entry (ULE) buses would be used for public transport, the company said in a stateme...
21 Dec, 2023, 12.28 PM ISTAshok Leyland open to external investment for its EV subsidiary "We are very keen on getting external investments also, but we want to make sure that we have the right strategic partner with us. I mean, we do it at the right valuation. So right now, the focus is to get Switch into a very, very strong mode by dev...
20 Nov, 2023, 12.11 AM ISTKeen to get external investment for EV arm Switch Mobility, waiting for right partner: Ashok Leyland MD Ashok Leyland's electric vehicle arm, Switch Mobility, seeks external investments cautiously, prioritizing the right strategic partner at the right valuation. The company remains open to individual investment until an ideal ally is secured, with a f...
19 Nov, 2023, 11.07 AM ISTAshok Leyland bags order for 1,282 buses from Gujarat state road transport corp Ashok Leyland has secured an order from the Gujarat State Road Transport Corporation (GSRTC) for 1,282 fully built buses. This is one of the largest orders from a state transport undertaking for a single original equipment manufacturer (OEM) and wil...
29 Sep, 2023, 01.31 PM ISTAshok Leyland to invest Rs 1000 crore in a greenfield plant in UP for making e-buses Ashok Leyland, the Hinduja Group's flagship company, has signed an agreement with the Uttar Pradesh Government to set up a greenfield plant for manufacturing electric buses. The company will invest Rs1000 crore into the facility, which will have the...
16 Sep, 2023, 05.12 PM ISTAshok Leyland bags orders worth Rs 800 crore from Indian Army Ashok Leyland has secured INR 800 crore worth of orders from the Indian Army, which include the procurement of specialist vehicles FAT 4x4 and GTV 6x6 for towing light and medium guns. The vehicles are scheduled to be delivered over the next 12 mont...
17 Jul, 2023, 01.34 PM ISTWe are very focussed on profitable growth: Shenu Agarwal, Ashok Leyland Quarter four has been very good. It has been a double digit EBITDA quarter and we hope that in FY24 we can maintain kind of a double digit EBITDA trajectory for the whole year, that is our focus.
24 May, 2023, 11.30 AM ISTAshok Leyland bags order of 1,560 trucks from VRL Logistics "VRL Logistics and Ashok Leyland have a longstanding association, Over the years VRL has worked very closely with us in developing new products and features suited to emerging needs of customers in the logistics industry," said Shenu Agarwal, Managi...
17 Apr, 2023, 12.56 PM ISTAshok Leyland working to bring EBITDA margins back to 14-15%; optimistic about Q1 too: Shenu Agarwal Ashok Leyland's focus is on profitability and getting back to its pre-Covid-19 peak EBITDA levels. The automaker aims to expand its reach, increase its market share, and expand its product portfolio. By working on alternative fuels, electric and hyd...
05 Apr, 2023, 02.51 PM ISTEscorts joins hands with Amul Group for manufacturing specialty tractor – Steeltrac The speciality tractor, designed to serve orchards and vineyards would eventually be exported to Asia, Europe and Latin America.
13 Apr, 2015, 07.54 PM IST