Shenu Agarwal, MD & CEO, Ashok Leyland, says they have three or four highly significant subsidiaries with great potential for value creation. First, there is Hinduja Leyland Finance which is going public. Additionally, Hinduja Housing Finance, a wholly-owned subsidiary of Hinduja Leyland Finance, is also performing well and has significant potential for value creation in … Read more
Indian Railway Finance Corporation Share Price 203.6 11:05 AM | 19 Jul 2024 -2.22(-1.08%) One97 Communications Share Price 430.9 11:05 AM | 19 Jul 2024 -14.41(-3.24%) YES Bank Share Price 25.2 11:05 AM | 19 Jul 2024 -0.56(-2.14%) ITC Share Price 478.9 11:05 AM | 19 Jul 2024 8.65(1.84%) HDFC Bank Share Price 1610.25 11:05 … Read more
Mumbai: Ashok Leyland, the Hinduja group flagship has bagged an order for 2104 Viking passenger buses worth Rs981.45 crore from the Maharashtra State Road Transport Corporation (MSRTC), the company said in a statement. The company will execute the order—the single largest one from the state corporation for supply of BSVI OBD II (on board diagnostic) … Read more
Ashok Leyland has announced that the company has secured the single largest fully built bus order from the Maharashtra State Road Transport Corporation (MSRTC) for 2,104 units of Viking passenger buses. According to a press release, the total consideration for this order is approximately Rs 981.45 Crores. The execution period for this contract spans from … Read more
Sales of commercial vehicles – a barometer of economic activity – surpassed expectations last quarter driven by strong replacement demand and continued government spending on infrastructure. As per industry estimates, more than 234,000 trucks and buses were sold in the local market in the three months ended June, a 4.5% rise from 224,000 vehicles sold … Read more
Passenger vehicle sales in India stayed in the slow lane for the third straight month in June mainly due to a high base and easing of post-pandemic pent-up demand. June sales rose 3.7% from a year earlier but fell marginally from May. As per industry estimates, 340,784 cars, sedans and utility vehicles were sold last … Read more
Mumbai: Wholesale volumes across various segments of the automobile industry in June 2024 are anticipated to reflect a subdued trend, primarily attributed to the absence of wedding dates, according to Anand Rathi report. Analysts project a mixed performance with two-wheeler (2W) volumes showing resilience, while passenger vehicles (PVs) and commercial vehicles (CVs) are expected to … Read more
Jun 17, 2024, 01:36:38 PM IST In its latest mutual funds analysis, ETMarkets has highlighted stocks that saw a significant increase in the number of shares held by mutual fund holdings in May from the month of April. Approximately 36 stocks observed an increase of over 1 crore shares in May. To further narrow down … Read more
Heavy commercial vehicle manufacturer Ashok Leyland has launched the ‘Sarathi Suraksha’ Policy aimed at safeguarding the driver community, which insurance coverage of up to Rs 10 lakh.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 … Read more
Ashok Leyland shares zoomed nearly 6% on BSE today to their new all-time high of Rs 222.80 after reporting a 20% year-on-year (YoY) increase in its Q4 net profit at 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 … Read more
