Passenger vehicle sales drop for first time in 2.5 years

Passenger vehicle sales drop for first time in 2.5 years

Passenger vehicle sales fell for the first time in two and a half years in July amid sluggish demand and high dealer inventory, reflecting a broader slowdown in consumer spending across sectors after a two-year post-pandemic boom. While industry body Society of Indian Automobile Manufacturers (SIAM) will issue official sales only later this month, industry … Read more

Ashok Leyland | Ashok Leyland share price: Ashok Leyland MD on Q1 results, plans to list subsidiaries & more

Ashok Leyland | Ashok Leyland share price: Ashok Leyland MD on Q1 results, plans to list subsidiaries & more

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

Ultratech Cement, Ashok Leyland among 13 stock ideas ahead of Union Budget – Budget Picks

Ultratech Cement, Ashok Leyland among 13 stock ideas ahead of Union Budget – Budget Picks

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

Ashok Leyland MSTC: Ashok Leyland wins order worth Rs 981.45 crore from Maharashtra State Transport Corp

Ashok Leyland MSTC: Ashok Leyland wins order worth Rs 981.45 crore from Maharashtra State Transport Corp

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 bags single largest order of 2,104 fully built buses from Maharashtra government

Ashok Leyland bags single largest order of 2,104 fully built buses from Maharashtra government

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

Commercial vehicle sales surpass expectations, indicating strong economic activity

Commercial vehicle sales surpass expectations, indicating strong economic activity

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

Car sales lose pace in June, SUVs stay in front

Car sales lose pace in June, SUVs stay in front

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

Auto sector sees resilient two-wheeler growth amidst mixed performance in PVs and CVs for June 2024

Auto sector sees resilient two-wheeler growth amidst mixed performance in PVs and CVs for June 2024

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

Volume Shocker: MFs lap up over 1 crore share of these 6 stocks in May 2024 – MF Watch

Volume Shocker: MFs lap up over 1 crore share of these 6 stocks in May 2024 – MF Watch

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

Ashok Leyland rolls out ‘Sarathi Suraksha’ policy

Ashok Leyland rolls out ‘Sarathi Suraksha’ policy

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