Mumbai: Commercial vehicle maker Ashok Leyland on Tuesday reported a 10 per cent year-on-year drop in its sales including exports at 17,233 units in September. The company’s total vehicle sales in September 2023 stood at 19,202 units, according to a statement. Sales of medium and heavy commercial vehicles (M&HCVs), including exports, during the previous month … Read more
The National Stock Exchange (NSE) on Friday deferred the implementation of same-day transaction settlement or T+0 rolling settlement cycle in the capital market segment. The new date will be announced by the exchange via a separate circular. “Trading in T+0 rolling settlement cycle in Capital Market segment Go LIVE deferred This is in reference to … Read more
Mahindra & Mahindra, which leads India’s pick-up truck market with a 51% share, is looking to enter Southeast Asia and step up presence in South Africa with its latest Veero range. “We have been selling the Scorpio pick-ups in several markets including mature markets like South Africa. The Veero will give us access to many … Read more
The grey market premium (GMP) on Kross’ shares have reduced by half to Rs 24 from Rs 50 ahead of the listing of the stock on September 16, Monday. This is a 10% premium over the issue price of Rs 240 per share. The three-day initial public offering (IPO) which ended on September 11 got … Read more
The initial public offering (IPO) of Kross Ltd., which opened for subscription on Monday, was subscribed 2.56 times on Tuesday, the second day of the bidding process. The highest demand was driven by the retail investors, booking the issue by 3.87 times, followed by the non-institutional investors, subscribing to the issue by 2.87 times. The … Read more
Kross Ltd has raised around Rs 150 crore from 19 anchor investors ahead of its IPO. The company has allotted 62.49 lakh shares at Rs 240 apiece, which is the upper end of the price band. Marquee anchor investors who participated in the round include EastSpring Investments, Matthews Asia Funds, LIC MF, ICICI Prudential, Axis … Read more
The IPO of Kross Ltd, a diversified company specializing in the manufacturing and supply of trailer axles and suspension assemblies, will open for subscription on September 9. The three-day issue will close on September 11, with bidding for anchor investors scheduled for one day on September 6. The Rs 500 crore IPO of the Jamshedpur-based … Read more
Leading automakers including Maruti Suzuki, Hyundai Motor India and Tata Motors Tuesday said they will extend discounts on new vehicle purchases against scrapped vehicles, under the government’s Voluntary Fleet Modernisation Programme (VVMP) scheme. These discounts will be extended for a limited period of one year by passenger vehicle makers, and two years by commercial vehicle … Read more
“There are no signs of bearishness, no signs of divergences. So, nothing on the charts as of now. So, let us make the best till it lasts,” says Vishal Malkan, malkansview.com. When are we going to hit that record high level? It seemed like a when and not an if but that when is also … Read more
Commercial vehicle maker Ashok Leyland has been seeing a high number of enquiries from fleet operators amid the segment going through a consolidation phase, the company has said. The company is also expecting the medium and heavy commercial vehicle (MHCV) segment to grow in a single-digit this fiscal as against earlier estimates of a flat … Read more
