Tag: Ashok Leyland

Andrew Palmer joins Optare Plc board as non-exec chairman: Ashok Leyland

Before joining Hinduja Group, Palmer has led transformations at two of the global vehicle brands, Nissan and Aston Martin.

July 18, 2020

Ashok Leyland reports zero sales in April

The company had sold a total of 13,626 units in the domestic and export markets in April 2019.

May 5, 2020

Disruption in supply chains pose real challenge for auto sector, says Ashok Leyland chief

Ashok Leyland said it is difficult for the industry to reboot even in a phased manner due to disruptions in supply chain.

April 30, 2020

Ashok Leyland to enter Russia with a local partner

Hinduja said LCV's share in achieving that target will also be major.

November 4, 2019

Ashok Leyland total sales fall 35% YOY, stocks down by 2%

Ashok Leyland Ltd is currently trading at Rs 87.45 low by Rs1.95 or 2.18 per cent from its previous closing of Rs 89.4 on the BSE.

November 1, 2019

After Maruti, Ashok Leyland to observe ‘no-working day’ in 5 factories

According to reports, Ennore plant in Chennai will have 16 non-working days, Hosur 1, 2 and CPPS five days, Alwar and Bhandara Maharashtra 10 days and Pantnagar UP will have 18 non-working days.

September 9, 2019

Ashok Leyland sales dropped by 47 per cent in August

In a statement issued here, the company said that it sold a total of 9,231 units in August, down from 17,386 units sold during the corresponding month in 2018.

September 3, 2019

Hinduja Group added Vipin Sondhi to global leadership team

He will join the group by December 2019 from JCB, where he is currently MD and CEO India, South East Asia and Pacific, and a member of the global executive leadership team, Hinduja Group said in a statement.

August 30, 2019

Ashok Leyland signs pact with Israeli firm for electric vehicle

Commercial vehicles major Ashok Leyland Ltd on Wednesday announced it has signed a Letter of Intent (LoI) with Phinergy of Israel to secure long-term arrangements for its electric vehicle plans. In a statement here, Ashok Leyland said: “With the intention of providing varying Energy Management solutions to the customers, Ashok Leyland and Phinergy will work towards the …

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January 17, 2018

I-T raids over 50 places in NCR, recovers Rs 7 cr

The Income Tax Department on Saturday raided over 50 premises belonging to a leading auto spare parts manufacturing firm in the National Capital Region and recovered cash worth Rs seven crore, officials said. An I-T official requesting anonymity said that the searches were carried out at offices and properties of the Jai Bharat Maruti Group …

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October 7, 2017

Ashok Leyland sales up 25% in August

Commercial vehicles major Ashok Leyland on Friday said it sold 13,634 vehicles last month, up by 25 per cent as compared to corresponding month in 2016. In a statement issued here, the company said it closed last month by selling 13,634 units as against 10,897 units sold during August 2016. The company has sold a …

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September 1, 2017

Ashok Leyland bags orders from security agencies

Bagging contracts for mine-protected and bullet-proof vehicles from security agencies, Ashok Leyland is targeting three-fold business increase from its defence vertical, a top company official has said. The company will be investing around Rs.600 crore towards capital expenditure in setting up plants in Andhra Pradesh and Telangana in India and Ivory Coast in West Africa. …

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April 21, 2017

Hinduja Foundries to be amalgamated with Ashok Leyland

The Board of Directors of Ashok Leyland Ltd on Wednesday approved the amalgamation Hinduja Foundries with itself, a company statement said. Hinduja Foundries (formerly Ennore Foundries) is in the business of grey iron castings and supply of automotive components. The swap ratio approved by the board is that 100 equity shares of Rs.10 each fully …

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September 14, 2016

Charlie Hebdo slammed for Italy earthquake cartoon

Satirical French magazine Charlie Hebdo was slammed on social media for a cartoon depicting victims of the recent central Italy earthquake as pasta dishes. The latest edition of the French publication features a cartoon entitled "Earthquake, Italian-style", which depicts victims of last week’s 6.2-magnitude quake with varying degrees of injury, each likened to an Italian …

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September 3, 2016