Sharekhan

Ashok Leyland Ltd

Thu 13/03/2025,15:59:24 | NSE : ASHOKLEY

₹ 196.630.52 (0.27%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 196.70

Previous Close

₹ 196.11

Volume

5293921

Mkt Cap ( Rs. Cr)

₹57740.94

High

₹ 198.20

Low

₹ 195.52

52 Week High

₹ 264.65

52 Week Low

₹ 157.55

Book Value Per Share

₹ 35.11

Dividend Yield

2.51

Face Value

₹ 1.00

What’s Your Call?

Collective community sentiment on Ashok Leyland Ltd

Your Vote -

Buy

73.09%

Hold

16.99%

Sell

9.91%

73.09%

299135 users have voted

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Buy Order Quantity

100%

Sell Order Quantity

0%

Bid Price

Qty

196.63

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Bid Total

48

Bid Price

Qty

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Bid Total

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Option Chain

Analyzes market sentiment, predicts Ashok Leyland Ltd' movement.

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News

Media spotlight triggers stock stock attention, sentiment.

  • Ashok Leyland - Monthly Business Updates

    3 Mar 2025, 8:50AM Ashok Leyland Limited has informed the Exchange regarding Monthly Business Updates for the month of February 2025
  • Ashok Leyland registers 2% growth in February sales

    3 Mar 2025, 12:19PM Ashok Leyland reported a 2% year-on-year increase in total sales, reaching 17,903 units in February 2025, up from 17,632 units in the same month last
  • Ashok Leyland - Announcement under Regulation 30 (LODR)-Monthly Business Updates

    3 Mar 2025, 8:49AM Sales Volume - February 2025
  • Ashok Leyland - Copy of Newspaper Publication

    19 Feb 2025, 9:50PM Ashok Leyland Limited has informed the Exchange about Copy of Newspaper Publication
  • Ashok Leyland - Bagging/Receiving of orders/contracts

    19 Feb 2025, 11:13AM Ashok Leyland Limited has informed the Exchange about Bagging/Receiving of orders/contracts
  • Ashok Leyland - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

    19 Feb 2025, 2:32PM Order for supplying 320 Nos. of BS VI Diesel Fuel type 12M Low Floor Fully Built Buses to Tamilnadu State Transport Corporation
  • Ashok Leyland - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

    19 Feb 2025, 11:11AM Order for supplying 320 Nos. of BS VI Diesel Fuel Type 12M Low Floor Fully Built Buses to Tamilnadu State Transport Corporation
  • Ashok Leyland - Analysts/Institutional Investor Meet/Con. Call Updates

    18 Feb 2025, 6:17PM Ashok Leyland Limited has informed the Exchange about Transcript
  • Ashok Leyland - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    18 Feb 2025, 6:13PM Earnings call Transcript
  • Ashok Leyland - Notice Of Shareholders Meetings-XBRL

    18 Feb 2025, 5:01PM ASHOK LEYLAND LIMITED has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot
  • Ashok Leyland - Shareholders meeting

    18 Feb 2025, 3:30PM Ashok Leyland Limited has informed the Exchange regarding Notice of Postal Ballot
  • Ashok Leyland - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

    18 Feb 2025, 3:23PM Postal Ballot Notice
  • Ashok Leyland - Acquisition-XBRL

    13 Feb 2025, 12:55PM ASHOK LEYLAND LIMITED has informed the Exchange regarding Acquisition
  • Ashok Leyland - Analysts/Institutional Investor Meet/Con. Call Updates

    13 Feb 2025, 12:06PM Ashok Leyland Limited has informed the Exchange about Link of Recording
  • Ashok Leyland - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    13 Feb 2025, 12:04PM Concall - Audio Recording
  • Ashok Leyland - Integrated Filing (Financial)

    13 Feb 2025, 10:39AM Integrated Filing - Financials
  • Ashok Leyland - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    12 Feb 2025, 5:56PM ASHOK LEYLAND LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
  • Ashok Leyland - Updates

    12 Feb 2025, 3:59PM Ashok Leyland Limited has informed the Exchange regarding 'amended Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitiv
  • Ashok Leyland - Change in Management

    12 Feb 2025, 2:45PM Ashok Leyland Limited has informed the Exchange about change in Management
  • Ashok Leyland - General Updates

    12 Feb 2025, 2:37PM Ashok Leyland Limited has informed the Exchange about General Updates
  • Ashok Leyland - Integrated Filing- Financial

    12 Feb 2025, 1:57PM Pursuant to SEBI Circular No. SEBI/HO/CFD/CFD‐PoD‐2/CIR/P/2024/185 dated December 31, 2024, read with BSE Circular No. 20250102‐4 an
  • Ashok Leyland - Financial Result Updates

    12 Feb 2025, 1:34PM Ashok Leyland Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.
  • Ashok Leyland - Amended Code Of Practices And Procedures For Fair Disclosure Of Unpublished Prize Sensitive Information

    12 Feb 2025, 3:55PM Amended Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information
  • Ashok Leyland - Announcement under Regulation 30 (LODR)-Change in Management

    12 Feb 2025, 2:43PM Change in Management
  • Ashok Leyland - Announcement under Regulation 30 (LODR)-Acquisition

    12 Feb 2025, 2:41PM Acquisition
  • Ashok Leyland Q3 net profit up 31.33% at Rs 761.74 cr

    12 Feb 2025, 2:00PM The company reported standalone net profit of Rs 761.74 crore for the quarter ended December 31, 2024 as compared to Rs 580.03 crore in the same perio
  • Ashok Leyland - Integrated Filing (Financial)

    12 Feb 2025, 1:56PM Integrated Filing - Financials - December 31, 2024
  • Ashok Leyland - Unaudited Financial Results For The Quarter And Nine Months Ended December 31, 2024

    12 Feb 2025, 1:35PM Unaudited financial results for the quarter and nine months ended December 31, 2024
  • Ashok Leyland - Analysts/Institutional Investor Meet/Con. Call Updates

    11 Feb 2025, 5:31PM Ashok Leyland Limited has informed the Exchange about Schedule of meet
  • Ashok Leyland - Analysts/Institutional Investor Meet/Con. Call Updates

    11 Feb 2025, 5:23PM Ashok Leyland Limited has informed the Exchange about Schedule of meet
  • Ashok Leyland - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    11 Feb 2025, 5:28PM Investor meet - February 25, 2025
  • Ashok Leyland - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    11 Feb 2025, 5:21PM Investor Meet - February 19, 2025
  • Ashok Leyland - Analysts/Institutional Investor Meet/Con. Call Updates

    3 Feb 2025, 9:25PM Ashok Leyland Limited has informed the Exchange about Schedule of meet
  • Ashok Leyland - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    3 Feb 2025, 9:21PM Analyst/Investor meet
  • Ashok Leyland sales rise 8% in January

    3 Feb 2025, 3:45PM Commercial vehicle maker Ashok Leyland on Monday reported 8 per cent year-on-year increase in total sales at 17,213 units in January. <p align=justify
  • Ashok Leyland - Monthly Business Updates

    1 Feb 2025, 11:10AM Ashok Leyland Limited has informed the Exchange regarding Monthly Business Updates for the month of January 2025
  • Ashok Leyland - Announcement under Regulation 30 (LODR)-Monthly Business Updates

    1 Feb 2025, 11:10AM Sales Volume - January 2025
  • Ashok Leyland - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    31 Jan 2025, 9:38PM ASHOK LEYLAND LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
  • Ashok Leyland - Change in Management

    31 Jan 2025, 6:39PM Ashok Leyland Limited has informed the Exchange about change in Management
  • Ashok Leyland - Announcement under Regulation 30 (LODR)-Change in Management

    31 Jan 2025, 6:38PM Change in Management
  • Ashok Leyland - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    29 Jan 2025, 9:48AM ASHOK LEYLAND LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
  • Ashok Leyland - Change in Management

    28 Jan 2025, 6:34PM Ashok Leyland Limited has informed the Exchange about change in Management
  • Ashok Leyland - Announcement under Regulation 30 (LODR)-Change in Management

    28 Jan 2025, 6:27PM Change in Senior Management
  • Ashok Leyland - Board Meeting Intimation

    27 Jan 2025, 6:00PM ASHOK LEYLAND LIMITED has informed the Exchange about Board Meeting to be held on 12-Feb-2025 to inter-alia consider and approve the Unaudited Financi
  • Ashok Leyland - Board Meeting Intimation for Considering And Approving The Unaudited Financial Results For The Quarter Ended

    27 Jan 2025, 5:34PM ASHOK LEYLAND LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/02/2025 ,inter alia, to consider and a
  • Ashok Leyland has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2024

    17 Jan 2025, 6:02PM As of December 2024, 51.52% is owned by Foreign Promoters and 48.48% by Public. <p align=justify> Institutional holds 37.13% (Insurance Companies 6.17
  • Ashok Leyland - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    6 Jan 2025, 10:06PM Ashok Leyland Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
  • Ashok Leyland - Shareholders meeting

    2 Jan 2025, 3:37PM Ashok Leyland Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
  • Ashok Leyland - Monthly Business Updates

    2 Jan 2025, 8:56AM Ashok Leyland Limited has informed the Exchange regarding Monthly Business Updates for the month of December 2024
  • Ashok Leyland - Shareholder Meeting / Postal Ballot-Scrutinizer\s Report

    2 Jan 2025, 3:00PM Postal Ballot Scrutinizers Report and evoting results
  • Ashok Leyland total sales up 5 pc at 16,957 units in Dec

    2 Jan 2025, 10:57AM Commercial vehicle maker Ashok Leyland on Thursday reported a 5 per cent increase in total sales to 16,957 units in December 2024 compared to 16,154 u
  • Ashok Leyland - Announcement under Regulation 30 (LODR)-Monthly Business Updates

    2 Jan 2025, 8:53AM Sales Volume December 2024
  • Ashok Leyland - Trading Window-XBRL

    26 Dec 2024, 4:14PM ASHOK LEYLAND LIMITED has informed the Exchange about Closure of Trading Window
  • Ashok Leyland - Trading Window

    26 Dec 2024, 4:13PM Ashok Leyland Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 20
  • Ashok Leyland

    3 Mar 2025 , 10:57AM As per media reports Delhi to get over 1,000 electric buses this month according to Delhi Transport minister. Stock likely to be in focus.
  • Ashok Leyland

    2 Jan 2025 , 9:09AM Volumes Dec 2024 : Marginally above estimates : Total sales increased by 3.9% y-o-y and 19.9% m-o-m to 16,957 units (against estimate of 16300 units).
  • Stock update : Ashok Leyland

    17 Dec 2024 , 11:08AM Stock update : Ashok Leyland : Focus on margins continue
  • Ashok Leyland

    13 Dec 2024 , 10:49AM ALL has announced a price increase of up to 3% on its entire range of CVs due to Inflation and higher commodity prices, effective January 2025.
  • Ashok Leyland announces price increase effective January 2025

    13 Dec 2024 , 10:36AM Ashok Leyland to hike CV prices by up to 3% effective Jan 2025
  • Ashok Leyland

    13 Dec 2024 , 10:16AM ALL has bagged an order to supply 1475 BSVI Diesel bus chasis at Rs 345.6 cr from Tamil Nadu State Transport Corporation. These orders will be executed between Dec 2024 to May 2025. Positive read through.
  • Ashok Leyland

    2 Dec 2024 , 9:49AM Volumes Nov 2024 – marginally below estimates : Total sales increased by 0.6% y-o-y and decline by 7.7% m-o-m to 14,137 units (against estimate of 14,700 units).
  • Ashok Leyland

    24 Oct 2024 , 11:18AM Ashok Leyland’s subsidiary OHM Global Mobility has bagged an order for 500 12-m ultra-low floor electric buses from the Metropolitan Transport Corporation (MTC), Chennai. OHM is Ashok Leyland’s electric mobility arm, focused on mobility-as-a-Service business. This order will further strengthen Ashok Leyland's dominant position in the bus segment and underscores its commitment to advancing sustainable urban mobility in India.
  • Ashok Leyland bags order from MTC

    24 Oct 2024 , 10:44AM Ashok Leyland subsidiary bags order for 500 Electric Buses from MTC, Chennai
  • Ashok Leyland

    8 Oct 2024 , 10:00AM Company wins India’s largest order for electric trucks at Rs 150 crore. Positive
  • Ashok Leyland

    28 Aug 2024 , 1:59PM Ohm International Mobility Limited, U.K. (OHM UK) as step-down subsidiary of the company has been voluntarily liquidated with effect from August 27, 2024.
  • Ashok Leyland

    1 Aug 2024 , 1:01PM Ashok Leyland : Volumes July 2024 – below estimates : Total sales declined by 7.6% y-o-y and 6.8% m-o-m to 13,928 units (against estimate of 15,800 units).
  • Ashok Leyland

    18 Jul 2024 , 9:49AM ALL's subsidiary Hinduja Tech Limited (HT), announced the signing of a definitive agreement to acquire Germany based TECOSIM Group at an Enterprise Value of EUR ~21 million. TECOSIM has reported a turnover of Euro 40 mn in CY23. This implies that HT has valued the TECOSIM at EV/ sales of 0.52x it'sCY23 sales. TECOSIM is engaged in developing technological solutions that promote sustainable transport, safe and clean energy supply, and a competitive industrial landscape. With TECOSIM, Hinduja Tech strengthens its capabilities in simulation and engineering services and is better placed to serve its customers with a global delivery footprint.
  • Ashok Leyland bags order from MSRTC

    15 Jul 2024 , 11:21AM Ashok Leyland bags order worth Rs. 981 cr for buses from Maharashtra State Road Transport Corporation
  • Ashok Leyland

    1 Jul 2024 , 3:25PM Volumes June 2024 : marginally below estimates : Total volumes declined by 1.8% y-o-y and increased by 1.8% m-o-m to 14940 units (against estimate of 15300 units)
  • Ashok Leyland

    27 Jun 2024 , 11:46AM Ashok Leyland inaugurated new LCV dealership In Madhya Pradesh.
  • Ashok Leyland

    2 May 2024 , 11:06AM Volumes April 2024 : slightly above estimates – Total volumes increased by 10.0% y-o-y and decline by 37.6% m-o-m to 14,271 units (vs estimate of 13,800 units)
  • Tata Motors/ Ashok Leyland

    4 Apr 2024 , 10:21AM Based on media news Reliance Industries (RIL), Tata Motors and Indian Oil Corporation (IOC) will be the key bidders for the government's pilot project for the use of green/grey hydrogen (H2) in the transport sector. It is part of the National Green Hydrogen Mission which was launched in January 2023 with an outlay of Rs 19,744 crore. One of the key criteria from the bidders is participation as a consortium or partners to ensure the entire value chain - from making hydrogen and dispensing it and running vehicles fuelled by hydrogen. According to industry sources, while Reliance is partnering with bus and truck maker Ashok Leyland and Daimler India Commercial Vehicles (DICV), Tata Motors is joining hands with IOCL as a consortium. ( directionally positive for Ashok Leyland, Tata Motors)
  • Ashok Leyland

    21 Mar 2024 , 10:50AM ALL has scheduled a board meeting on 25th March to consider an interim dividend. The record date for the purpose of determining the members eligible to receive Interim Dividend, if declared, by the board, has been fixed as Wednesday, April 3, 2024.
  • Ashok Leyland

    15 Mar 2024 , 11:48AM Creador has signed a definitive agreement with ALL's subsidiary Hinduja Tech Limited (HT), to acquire 19.6% stake in HT with an investment of USD 50 mn. This investment places Hinduja Tech at a post-money equity value of $255 million. Positive read through.
  • Ashok Leyland

    26 Feb 2024 , 12:41PM ALL has acquired 49.9% stake in TVS Trucks and Buses Private Limited (TVS Trucks) at Rs 24.95cr.
  • Ashok Leyland

    21 Feb 2024 , 10:45AM The company will set up a new integrated commercial vehicle plant focused on green mobility in Uttar Pradesh.
  • Ashok Leyland

    21 Feb 2024 , 10:40AM The company will set up a new integrated commercial vehicle plant focused on green mobility in Uttar Pradesh.
  • Ashok Leyland

    13 Feb 2024 , 12:16PM With an additional investment of Rs 536.73 cr ALL’s stake in Optare Plc has increased from 92.19% to 92.59%. ALL has now completed its proposed investment of Rs 1200 cr in Optare which own Switch Mobility.
  • Ashok Leyland

    18 Jan 2024 , 2:08PM ALL has received an order for 1225 Buses at a total consideration of Rs. 522 Crores from Karnataka State Transport Undertakings. This orders are expected to be executed between January 2024 - April 2024.
  • Ashok Leyland bags order from Karnataka State Transport

    18 Jan 2024 , 1:30PM Ashok Leyland bags order for 1,225 buses from Karnataka State Transport
  • Ashok Leyland

    2 Jan 2024 , 10:14AM Volumes Dec 2023 – above estimates Total sales declined by 10.0% yoy and increased by 16.2% mom to 16,324 units (against estimate of 14,600 units).
  • Stock update Ashok Leyland

    26 Dec 2023 , 11:14AM Stock update Ashok Leyland : Aiming to sustain uptrend
  • Ashok Leyland secures landmark order for 552 Buses

    21 Dec 2023 , 10:48AM Ashok Leyland bags order worth Rs. 501 cr for 552 buses from Tamil Nadu State Transport Corp
  • Ashok Leyland

    21 Dec 2023 , 10:25AM Ashok Leyland secures landmark order for 552 Buses from Tamil Nadu State Transport Corporation. Ashok Leyland will deliver state of the art 552 BS VI diesel fuel type 12-meter ultraLow entry rear engine fully built buses for city operations for a total consideration of Rs. 500.97 Cr. The orders is expected to be executed between April 2024 - July 2024.
  • Ashok Leyland

    13 Dec 2023 , 11:21AM Ashok Leyland unveils cutting-edge AL H6 Engine - CEV Stage V along with other innovative products including H4 Engine - Diesel engine, 40 kVA Genset - CPCB4+,A6 Engine – Diesel etc.
  • Ashok Leyland Ltd (ALL)

    6 Dec 2023 , 10:37AM Ashok Leyland (ALL) has invested Rs 662.5 cr in Optare Plc. UK (holding company of Switch Mobility). In line with its guidance as the company has earlier planned for an investment of Rs 1200 in Switch Mobility ( EV business) in FY24. With this investment ALL's stake in Optare Plc. has increased from 91.63% to 92.19%. Optare will utilize the said fund for capital expenditure, R&D and meeting operational requirements of Optare Plc. and Switch Mobility - both in U.K. and India. Neutral though directionally positive.
  • Ashok Leyland

    1 Dec 2023 , 2:12PM Ashok Leyland (ALL) : Volumes Nov 2023 : below estimates : Total sales declined by 3.5% y-o-y and 16.7% m-o-m to 14,053 units (against estimate of 14,800 units).
  • Stock update : Ashok Leyland

    21 Nov 2023 , 11:34AM Stock update : Ashok Leyland In-line Q2; margins sustain
  • Ashok Leyland

    11 Oct 2023 , 10:29AM Ashok Leyland launches ecomet Star 1915 with 18.49T GVW n the ICV segment. In its category, this truck provides industry leading fluid efficiency and the best payload capacity. Customers have the option to pick from four different loading span configurations. The newly launched truck is tailored for long-distance haulage customers who prioritize higher payload capacity with 4-cylinder engines for a faster turnaround time.
  • Ashok Leyland

    29 Sep 2023 , 12:00PM Ashok Leyland bags order for 1282 Buses from Gujarat State Road Transport Corporation (GSRTC) . Under the terms of the order, Ashok Leyland will deliver 55-seater fully assembled BS VI diesel buses in a phased manner. These buses are designed to provide exceptional passenger comfort and will feature the advanced iGen6 BS VI technology, featuring a robust 147 kW (197 hp) H-series engine, which in turn shall enhance safety and comfort, and reduce the overall cost of ownership (TCO). Positive read through.
  • Ashok Leyland bags orders from GSRTC

    29 Sep 2023 , 11:58AM Ashok Leyland bags order for 1,282 buses from Gujarat State Road Transport Corporation
  • Ashok Leyland signs MoU in presence of Uttar Pradesh Chief Minister

    15 Sep 2023 , 2:48PM Ashok Leyland to invest in Uttar Pradesh in a greenfield Bus plant focused on Clean Mobility
  • Ashok Leyland

    15 Sep 2023 , 2:40PM ALL has signed a MoU with the Government of Uttar Pradesh for setting up a new integrated commercial vehicle bus manufacturing facility primarily focused on EV in Uttar Pradesh. With an initial investment the capacity of the facility would be 2500 buses per annum which may be expanded to 5,000 vehicles per annum.
  • Ashok Leyland

    16 Aug 2023 , 10:58AM ALL has decided to acquire 100% of Ohm Global Mobility Private Ltd (OHM) from OHM International Mobility Ltd for a nominal consideration of Rs 1 lakh. Along with this it has also decided to invest Ra 300 cr in to operationalize the company. OHM is engaged in E - MaaS segment. OHM has been an important business for ALL to play in EV ecosystem. Structurally positive
  • Ashok Leyland bags defence orders worth Rs. 800 cr

    17 Jul 2023 , 12:03PM Ashok Leyland continues to strengthen its position as a partner for the Indian Armed Forces
  • Ashok Leyland

    17 Jul 2023 , 11:25AM ALL has received an order of Rs 800 cr from Indian army. The contracts awarded also include the procurement of the Field Artillery Tractor (FAT 4x4) and the Gun Towing Vehicle (GTV 6x6). (Positive read through for Ashok Leyland)
  • Tata Motors, Ashok Leyland, Bosch

    5 Jul 2023 , 9:07AM ,: Ministry of Road Transport has released draft rules for giving approval to hydrogen powered internal combustion vehicles. OEMs like Tata Motors & Ashok Leyland have been working on hydrogen projects. (Directionally positive for Tata Motors, Ashok Leyland and Bosch)
  • Ashok Leyland

    3 Jul 2023 , 9:52AM Ashok Leyland ( ALL) : volumes – June 2023 – above estimates : ALL reported 4.7% y-o-y and 15.9% m-o-m increase in volumes to 15,221 units (against estimate of 13,700 units).
  • Stock update : Ashok Leyland

    16 Jun 2023 , 10:29AM Stock update : Ashok Leyland – Analyst meet update : Shifting the gear, eyeing on margins
  • Ashok Leyland

    2 May 2023 , 9:32AM Ashok Leyland (ALL) – Volumes 2023 – below estimates : ALL reported 9.5% yoy increase and 45.8% mom decline in volumes to 12,974 units (against our estimate of 15,500 units).
  • Ashok Leyland

    17 Apr 2023 , 12:07PM ALL has launched its e-marketplace (RE -AL) for used commercial vehicles. The e-marketplace will help customers in exchanging used vehicles and upgrading them to new Ashok Leyland's trucks and buses.
  • Ashok Leyland

    17 Apr 2023 , 10:41AM Ashok Leyland has received an order of 1560 trucks from VRL Logistics Limited (VRL). This order is for AVTR 3120 and AVTR 4420 TT models of Ashok Leyland. (positive read through)
  • VRL Logistics places an order for 1560 Ashok Leyland trucks

    17 Apr 2023 , 10:36AM Ashok Leyland gets an order of 1560 trucks from VRL Logistics
  • Ashok Leyland

    3 Apr 2023 , 1:07PM Volumes – March 2023 – above estimates : ALL reported 18.9% yoy and 28.8% mom increase in volumes to 23,926 units (against estimate of 19,500 units).
  • Ashok Leyland

    1 Mar 2023 , 1:58PM Ashok Leyland : Volumes Feb 2023 : above estimates – Total sales increased by 26.7% yoy and 8.0% mom to 18571 units ( against estimate of 16,800 units). MHCV sales increased by 35.3% yoy ( +14.6% mom) and LCV sales increased by 11.5% yoy (-4.0% mom).
  • Ashok Leyland

    20 Feb 2023 , 12:28PM Based on media news , switch Mobility ( ALL's EV Subsidiary) would launch double decker electric bus in Bangalore in March. (Sentimentally positive for Ashok Leyland).
  • Ashok Leyland

    14 Feb 2023 , 9:43AM Switch Mobility has delivered double decker air-conditioned electric bus to BEST. Sentimentally positive for Ashok Leyland
  • Ashok Leyland (ALL) Q3Fy23 result

    2 Feb 2023 , 11:21AM Ashok Leyland (ALL) Q3Fy23 result : above estimates
  • Tata Motors, Ashok Leyland, M&M

    31 Jan 2023 , 10:15AM Road Transport ministry has already notified that all 15-year-old vehicles owned by the central and state governments will be deregistered and scrapped, effective from 1st April 2023. As per Media reports , Union Minister Nitin Gadkari has indicated that government has approved the scrapping of more than 9 lakh vehicles which are more than 15 years old and likely to be replaced by new vehicles with alternative fuels. Positive read through for Tata Motors, M&M and Ashok Leyland.
  • Ashok Leyland

    18 Jan 2023 , 10:13AM Adani Enterprises signed a deal with Ashok Leyland and Ballard Power to launch a pilot project to develop a hydrogen fuel cell electric truck for mining logistics and transportation. Ashok Leyland would provide vehicle platform and technical support for the project.
  • Ashok Leyland

    2 Jan 2023 , 2:45PM The company reported strong monthly dispatches during December’22, with total dispatches growing 44.9% y-o-y (up 24.6% m-o-m), led by 60.9% y-o-y (up 29.4% m-o-m) growth in M&HCVs and 19.9% y-o-y growth in LCVs (up 15.5% m-o-m). Positive read thru
  • JBM Auto, Ashok Leyland

    16 Dec 2022 , 10:51AM Five companies have bid for the largest tender for electric buses (6,450 bus units) in the country. Switch (Ashok Leyland’s JV), PMI and JBM have bid for 1,900 buses from the Delhi Transport Corporation which is the largest in terms of size, another 1,040 buses required by Delhi’s Department of Transport have been bid by only JBM and PMI. Positive
  • Ashok Leyland

    9 Dec 2022 , 11:01AM Mr Shenu Agarwal appointed as the Managing Director and Chief Executive Officer of the Company. He has joined from Escorts Kubota, where he was Chief Executive for the Agribusiness for more than 7 years. At Ashok Leyland, he will be driving he technology development, growth, and future strategy for the company towards achieving the company’s vision to be among the top 10 Commercial Vehicle players globally. Positive
  • Ashok Leyland

    1 Dec 2022 , 1:51PM Ashok Leyland: The company’s November’22 dispatches were strong at 14,561 units, showing a growth of 38.9% y-o-y, led by 68.9% growth in M&HCV and 4.4% growth in LCV segments. Positive read thru
  • Ashok Leyland, Tata Motors

    28 Nov 2022 , 9:13AM Ashok Leyland, Tata Motors (Scrappage Policy): The Ministry of Road Transport & Highways (MoRTH) has issued draft notification proposing mandatory non-renewal of registration of government vehicles older than 15 years. The same will be applicable from April 1, 2023. It will also be mandatory for buses and vehicles of corporations and transport department to scrap vehicles older than 15 years. This is positive for CV players, as this policy will have immediate as well as long-term positive impact on replacement demand. Positive for Ashok Leyland and Tata Motors.
  • Ashok Leyland

    18 Nov 2022 , 12:47PM The company has delivered 150 trucks and buses to the Tanzania Police Force. The vehicles delivered included Police Staff Buses, 4X4 Police Troop Carriers, Ambulances, Recovery trucks and other logistic vehicles for Police support services.
  • Ashok Leyland

    15 Nov 2022 , 10:03AM The company has launched a new ICV (Intermediate commercial vehicle) platform called the 'Partner Super'. The new platform will see the company launch three models: 914, 1014 and 1114 which weigh 9.15, 10.25 and 11.28 tonne, respectively. As per the management, the Partner Super could also add 300 to 400 vehicles per month in terms of sales volumes. Positive
  • Ashok Leyland

    11 Nov 2022 , 9:51AM Ashok Leyland: Ashok Leyland’s (ALL’s) Q2FY23 results were above expectations, led by operating leverage benefits and softening of commodity prices, partially offset by higher employee costs. EBITDA margin was 20bps higher than expectations at 6.5% in Q2FY23. Standalone net revenues were up 85.4% y-o-y to Rs8,266 crore, led by 64.5% volume growth and 12.8% improvement in average sales realization in Q2FY23. EBITDA for Q2FY23 improved 298% y-o-y and 67.8% q-o-q to Rs537 crore. PAT was at Rs191 crore in Q2 versus Rs55 crore in Q1, reflecting a growth of 247% q-o-q.
  • Ashok Leyland

    12 Sep 2022 , 2:11PM The company has signed a MoU with Libertine Holdings, a UK based technology company, for exploring the scope for Linear Generator product development within its commercial vehicle portfolio. Libertine’s technology is focussed on optimising electric machine designs and delivering higher force of specific machines. Positive
  • Ashok Leyland

    12 Sep 2022 , 9:52AM The company has signed a MoU with Libertine Holdings, a UK based technology company, for exploring the scope for Linear Generator product development within its commercial vehicle portfolio. Libertine’s technology is focussed on optimising electric machine designs and delivering higher force of specific machines. Positive
  • Ashok Leyland

    19 Aug 2022 , 9:34AM Ashok Leyland: The company’s subsidiary, Switch Mobility, has launched EiV 22 double-decker bus in India and has secured an order for 200 units from the Maharashtra state government. Switch Mobility is doubling its capacity to 5,000 units and is in talks with other States to secure orders. Positive
  • Ashok Leyland

    1 Aug 2022 , 3:14PM The company continues to grow its dispatches, with 57.5% y-o-y growth to 13,625 units in July’22, led by 113.2% growth in commercial vehicles and 13.4% growth in exports. Positive
  • Ashok Leyland: FY22 Annual Report Highlights

    7 Jul 2022 , 11:59AM Ashok Leyland: FY22 Annual Report Highlights
  • Ashok Leyland: FY22 Annual Report Highlights

    7 Jul 2022 , 9:50AM Ashok Leyland: FY22 Annual Report Highlights
  • Ashok Leyland reports strong set of sales for the month of June

    1 Jul 2022 , 12:46PM Sales figures for the month of June 2022
  • Ashok Leyland

    15 Jun 2022 , 11:28AM Ashok Leyland: Switch Mobility launched new e-bus platform ‘SWITCH EiV 12’ for the Indian markets. The bus will be available in two variants and would help the company to capture market share in e-bus segment. The company has an order 600 e-buses currently.
  • Ashok Leyland

    8 Jun 2022 , 12:19PM The company’s subsidiary, Switch Mobility (SML), launched its new and advanced Switch e1 bus in European market. The e1 bus is SML’s first fully electric bus and is the lightest bus in Europe. Positive
  • Ashok Leyland

    1 Jun 2022 , 2:06PM Ashok Leyland: The company saw a robust monthly dispatches in May 2022, showing a growth of 315% y-o-y at 13,273 units. The monthly dispatches were ahead of our estimates. The truck segment continues to deliver strong dispatches at 6,847 units, while bus segment dispatches at 1,098 units. Positive
  • Tata Motors, Ashok Leyland, Olectra Greentech

    1 Jun 2022 , 9:15AM Tata Motors, Ashok Leyland, Olectra Greentech: As per media, Government plans a mega tenders for ~50,000 electric buses, after the successful bid of 5,450 electric buses by CESL. The bid saw prices of electric buses to fall by 40% and that of CNG models by 34%. This is positive for bus manufactures such as Ashok Leyland, Tata Motors and Olectra Greentech.
  • Ashok Leyland

    10 May 2022 , 9:14AM Ashok Leyland: As per the media, the company’s EV arm, Switch Mobility plans to invest Rs1,000 crore in a dedicated EV plant in South India. The plan is to set up 30,000 units of e-LCV capacity and 10,000 units of e-buses capacity. Last month, Switch Mobility committed Rs3,000 crore on the zero-carbon public and commercial transportation and set up a plant in Spain. Positive
  • Ashok Leyland

    22 Apr 2022 , 9:04AM Ashok Leyland: The company’s EV subsidiary, Switch Mobility (SML) has committed £300 million investment in zero carbon public and commercial transportation in India and UK. The SML has made a good presence in India, UK and Continental Europe and have an order book of more than 500 electric buses. Positive
  • Stock Update: Ashok Leyland

    21 Apr 2022 , 12:36PM Stock Update: Ashok Leyland Ltd. – Strong road ahead
  • Ashok Leyland

    24 Jan 2022 , 10:28AM Ashok Leyland: As per media, Switch Mobility, the EV company of Ashok Leyland, is in the final stages of raising $200 million at a valuation of $1.4-1.8 billion. The process is likely to take 8-12 months. The fundraise is in line with its plan to raise $500 million over the next 3-4 years for capacity expansion. Positive
  • Ashok Leyland, Tata Motors, JBM Auto

    21 Jan 2022 , 10:19AM CESL aims to deploy 5450 single decker buses and 130 double decker buses, and in this respect, it has floated request for proposals. The cities to be covered under this initially are Bengaluru, Delhi, Surat, Hyderabad and Kolkata. The first lot of e-buses are expected to hit road by July 2022.
  • Ashok Leyland

    3 Jan 2022 , 10:36AM The company’s wholesales in December 2021 was higher expectations, with CV sales improving 19.4% m-o-m to 12,518 units, led by 35.9% growth in M&HCV segment and flat growth in LCV segment. Positive
  • Ashok Leyland Dec 2021 total sales at 12,518 units

    3 Jan 2022 , 9:43AM Sales figures for the month of December 2021
  • Ashok Leyland

    28 Dec 2021 , 10:44AM Ashok Leyland has tied up Shriram Automall India Limited (SAMIL), a marketplace connecting pre-owned vehicles and equipment buyers and sellers. The companies will launch a physical and digital platform for facilitating the exchange, disposal and purchase of old commercial vehicles. This partnership will help Ashok Leyland to establish presence in the pre-owned commercial vehicle segment. Positive read thru
  • Ashok Leyland

    16 Dec 2021 , 10:08AM Ashok Leyland: The company’s subsidiary, Switch Mobility, will be setting up a new manufacturing facility and technology centre in Spain. The subsidiary plans to invest 100 million Euros over the next decade. The hub will have two production units – electric buses and vans. The commercial production is expected to start from Q4FY22 and would cater requirements for markets outside Europe, including South America. Also, Ashok Leyland has partnered with Combat Vehicles (a lab of DRDO) to develop and manufacture 600-HP indigenous engine to power futuristic combat vehicles under Atmanirbhar Bharat mission. Positive read thru
  • Stock Update: Ashok Leyland

    7 Dec 2021 , 10:50AM Stock Update: Ashok Leyland Ltd. – ALL set to grow
  • Ashok Leyland

    1 Dec 2021 , 2:38PM The company’s wholesales in November 2021 were in-line with expectations. Its total sales declined 1.7% y-o-y and 5.4% m-o-m to 10,480 units during the month. The M&HCV sales increased 9.7% y-o-y, while LCV sales declined 12.1% m-o-m.
  • Ashok Leyland total sales falls by 2% YoY

    1 Dec 2021 , 1:15PM Ashok Leyland total sales slips by 2% YoY to 10,480 units
  • Stock Update: Ashok Leyland

    16 Nov 2021 , 11:41AM Stock Update: Ashok Leyland Ltd. – Mixed performance in Q2; Positive growth prospects
  • Ashok Leyland reported mixed results in Q2FY22

    15 Nov 2021 , 11:42AM Net revenue was better than expectations, while EBITDA margin was lower than estimates
  • ICRA reaffirms Ashok Leyland’s ratings

    26 Oct 2021 , 12:33PM Rating reconfirmed on company’s presence as second-largest player in domestic M&HCV segment
  • Ashok Leyland total sales rise 44% YoY in Aug

    1 Sep 2021 , 2:32PM Ashok Leyland domestic sales up 44% in August at 8,400 units
  • Ashok Leyland

    20 Aug 2021 , 3:20PM Assam Government to replace present city buses of Guwahati with Electric and CNG buses only. The government to procure 300 electric buses. This is positive for Ashok Leyland.
  • Stock Update: Ashok Leyland

    18 Aug 2021 , 9:59AM Stock Update: Ashok Leyland Ltd - Tough Q1; Positive growth prospects
  • Ashok Leyland to make minority investment in Switch

    30 Jul 2021 , 12:54PM Switch Mobility announces minority investment by Dana
  • Ashok Leyland

    30 Jul 2021 , 10:08AM The company’s UK subsidiary Switch Mobility Ltd. has announced a strategic agreement with Dana Corporation, the global leader in drivetrain and e-propulsion system. The Dana Corporation will make minority investment of USD 18mn for ~1% stake. Under the terms of the agreement, Dana will make a strategic investment in Switch Mobility and will also be a preferred supplier of electric drivetrain components for the company’s e-bus and EV commercial vehicle offering – including e-Axles, gearboxes, motors, inverters, software and controls, and electronics cooling. Impact: Switch Mobility’s strategic partnership with Dana Corporation is a welcome step. Ashok Leyland has a long-stand relationship with Dana and now it extends to Switch Mobility. At the transaction price, the fair value of Switch Mobility is pegged at ~USD 1.8bn or Rs 13,350 crore, which is ~37% of Ashok Leyland’s market cap. This is positive development for the company. Ashok Leyland currently holds 92% stake in Switch Mobility.We have buy rating on Ashok Leyland with PT of Rs 151.
  • Ashok Leyland

    29 Jul 2021 , 9:39AM Ashok Leyland: The company’s subsidiary Switch Mobility, shared details of strategic steps to further solidify its progress towards developing net zero carbon mobility. Switch targets a total addressable market of more than US$ 70bn in electrification of buses and light commercial vehicles. The company Proven track record with 280+ EVs on road in developed & developing markets. The growth is expected to be driven by favourable regulations, government funding support, sustainable goals of cities and companies, and improving cost economics led by batteries. Positive
  • Ashok Leyland

    1 Jul 2021 , 1:08PM Ashok Leyland: The monthly sales of the company witnessed recovery in despatches to 6,448 units in June’21, which is 101.6% m-o-m growth. We have a buy rating on the company with PT of Rs 151.
  • Ashok Leyland: Stock Update

    28 Jun 2021 , 10:24AM Ashok Leyland: Stock Update – Q4 outruns hopes; riding on recovery hopes
  • Ashok Leyland Q4FY21 results

    25 Jun 2021 , 10:36AM Ashok Leyland Q4FY21 results: OPM beats street expectations
  • Ashok Leyland

    1 Jun 2021 , 3:22PM Ashok Leyland dispatches were weak in May’21 with 3,199 units in May’21 – a 61.6% m-o-m decline in May’21. Also, the company has informed that its plants to be operational only for 5-10 days in June’21, due to lockdowns.
  • Ashok Leyland

    1 Jun 2021 , 10:15AM Ashok Leyland: The company expects its plants to be operational only for 5-10 days in June’21, due to lockdowns. As per the company the demand scenario is still to pick up due to lockdown.
  • Ashok Leyland

    28 Apr 2021 , 9:34AM Ashok Leyland’s subsidiary Switch Mobility and TVS Supply Chain Solutions (TVS SCS) have entered into an agreement for establishing a sustainable logistics network. Under the deal, TVS SCS will operate 1,000 eLCVs through its partners for its logistics operations provided by Switch. Positive
  • Ashok Leyland

    16 Apr 2021 , 9:19AM The Company and Hinduja Leyland Finance Limited (a subsidiary of the Company) has jointly incorporated a Company in the name of ‘Gro Digital Platforms Ltd. (GDPL)’. GDPL will carry on the business of freight mobility and associated services relating to fleet-owners.
  • Ashok Leyland

    9 Apr 2021 , 9:14AM The company’s subsidiary, Switch Mobility Automotive, has entered into a MOU with Siemens Ltd. towards building a co-operative technological partnership in electric commercial mobility segment and execute e-mobility projects in India. As part of the MOU, Siemens Financial Services (SFS), the financing arm of Siemens AG, will consider a minority investment in OHM Global Mobility Private Ltd., the eMaas platform company to be formed as a subsidiary of Switch Mobility Automotive Limited
  • Ashok Leyland

    8 Apr 2021 , 9:36AM The company’s subsidiary, Switch Mobility Ltd. has announced its global expansion plans into India and its plan to create two subsidiary companies. The first, Switch Mobility Automotive Ltd, is being formed to carry on the EV strategy in India, which forms part of its global entity. The second is OHM Global Mobility Private Ltd, which will focus on providing Mobility as a Service (eMaaS) offering.
  • Ashok Leyland reports total sales of 17,231 units

    1 Apr 2021 , 3:00PM Ashok Leyland March sales Update
  • Ashok Leyland

    30 Mar 2021 , 11:14AM The company’s promoter, Hinduja Automotive Limited, pledged 3.45% stake in the company on March 19.
  • Ashok Leyland

    1 Mar 2021 , 9:16AM As per media, the company evaluating a possible merger of its U.K. subsidiary Switch Mobility with a Special Purpose Acquisition Company in New York. The Switch Mobility may also go for private capital raising. If the deal goes through, it will be a value unlocking for the company. Positive read thru.
  • Ashok Leyland buy stake in Hinduja Tech from Nissan International

    25 Feb 2021 , 11:48AM Ashok Leyland acquires additional 38% stake in Hinduja Tech from Nissan International for Rs. 70.2 cr.
  • Ashok Leyland

    25 Feb 2021 , 11:31AM The company is planning to increase its stake in Hinduja Tech Limited (HIL) by another 38% to make it a wholly owned subsidiary. Ashok Leyland has entered into a share purchase agreement with Nissan International Holding BV to acquire 5.9 crore shares of HIL for a consideration of Rs 70.2 crore. HIL is a profit-making company and Ashok Leyland has acquired shares at 11.6x of HIL earnings in FY20, which looks a reasonable price. We have a buy rating on Ashok Leyland and expect it be a key beneficiary of upcycle in CV industry.
  • Ashok Leyland

    17 Feb 2021 , 10:36AM The company has invested Rs 18.7 crore in Prathama Solarconnect Energy Private Limited (PSEPL), a group company to acquire 26% stake in the solar company. PSEPL is part of the Hinduja Renew group, and is engaged in solar power generation business. PSEPL has reported a loss of Rs 76.97 lakh in 2019-20. The company’s investment in PSPEL is for purchase of solar power at subsidised rate under Group Captive Scheme. PSEPL is currently developing 75 Mw (about 40% of overall capacity) of group captive solar power plant for Ashok Leyland. Positive read thru
  • Ashok Leyland: Q3FY21 results

    15 Feb 2021 , 2:21PM Ashok Leyland: Q3FY21 results - Beneficiary of recovery in the CV industry
  • Ashok Leyland: Q3FY21 results

    12 Feb 2021 , 10:20AM Ashok Leyland: Q3FY21 results – Operational efficiency lags expectations
  • Ashok Leyland

    1 Feb 2021 , 3:36PM Ashok Leyland reported strong 11.6% y-o-y growth at 13,126 units in January’20. The M&HCV trucks grew 29% y-o-y in January’20, driven by 32% growth in domestic M&HCV trucks. The growth in truck are strong driven by increase in infrastructure, mining and e-commerce activities. The M&HCV buses continue to sluggish trend and reported a decline of 69% y-o-y at 820 units. The LCV segment continues to grow robust by 40% y-o-y at 5,752 units, driven by increase in short-term transportation.
  • Ashok Leyland, Tata Motors, Maruti Suzuki, M&M

    18 Jan 2021 , 9:41AM Ashok Leyland, Tata Motors, Maruti Suzuki, M&M: The Union Minister for Road Transport and Highway claimed that the scrappage policy will get the government nod soon. The new scrappage will include cars, trucks and buses that are older than 15 years. Positive
  • Ashok Leyland

    5 Jan 2021 , 2:28PM Ashok Leyland: On media, the management of Ashok Leyland made following commentary on the commercial vehicles industry
  • Ashok Leyland

    15 Dec 2020 , 10:13AM As per media, Ashok Leyland is looking to raise Rs 1,470-2,200 crore in its UK electric vehicle subsidiary by selling its minority stake in the company. Positive read thru
  • Ashok Leyland

    7 Dec 2020 , 10:23AM ICRA has reaffirmed its ratings on Ashok Leyland with rating amount increased by Rs 550 crore to Rs 6,850 crore. Net debt is at Rs 3,000 crore with comfortable gearing ratio at 0.4x for standalone and 0.6x consolidated (excluding NBFC business). The capex spend for FY21E is estimated to be Rs 750 crore, down from Rs 1,300 crore in FY20. Positive read thru
  • Stock Update: Ashok Leyland

    4 Dec 2020 , 11:44AM Stock Update: Ashok Leyland Limited - The Wheels are Turning
  • Ashok Leyland

    3 Dec 2020 , 12:25PM : Management commentary on media suggest strong demand recovery in CV Q4FY21 onwards. Truck demand to be driven by both replacement and new purchase. Replacement demand aided by lower cost of ownership in BSVI trucks, while new demand arising from improvement in capacity utilisation of fleet operators. In Bus segment, the management is expecting tenders to float by Government. On margins, the company expects volumes recovery to play bigger role versus the current rise in input prices.
  • Ashok Leyland

    1 Dec 2020 , 9:37AM Ashok Leyland renames Optare Group Ltd. as “Switch Mobility Ltd. (Switch)” and unveils its Global Electric Vehicle plans. Positive read through
  • Ashok Leyland

    23 Nov 2020 , 10:59AM Ashok Leyland floats new subsidiary to manufacture bus bodies, coaches; to announce VRS; positive read thru
  • Ashok Leyland Q2FY21 review

    9 Nov 2020 , 10:33AM Ashok Leyland Q2FY21 review: Operating results ahead of estimates with substantial debt reduction in Q2; new launches well received in market; company expects Q3, Q4 to be much better quarters
  • Ashok Leyland October 2020 sales

    2 Nov 2020 , 10:30AM Ashok Leyland October 2020 sales: Sales record growth in October 2020 at 9,989 units; nos better than our estimates of 9,550 units
  • Ashok Leyland October 2020 sales

    2 Nov 2020 , 10:29AM Ashok Leyland October 2020 sales: Sales record growth in October 2020 at 9,989 units; nos better than our estimates of 9,550 units
  • Ashok Leyland

    22 Oct 2020 , 2:21PM Ashok Leyland: Company has launched Boss LE and LX trucks in the 11.1 tonne and 14.05 tonne (intermediate commercial vehicle) space. These trucks are launched with i-Gen6 Bharat Stage 6 emission technology. As per the company, these trucks offer 7% higher fluid efficiency compared to Bharat Stage 4 variant, and upto 30% longer service interval and 5% lower maintenance cost. Customers can choose from multiple combinations -loading span from 14ft to 24 ft and body type options of high side deck, fixed side deck, drop side deck, cab chassis, container and tipper. These launches would strengthen Ashok Leyland’s presence in the intermediate commercial vehicle space where it has relatively lower market share as compared to heavy trucks. Positive read thru.
  • Ashok Leyland launches BOSS LX and LE with i-Gen6 Technology

    22 Oct 2020 , 12:35PM BOSS will increase the offensive in Intermediate Commercial Vehicles segment
  • Ashok Leyland

    16 Oct 2020 , 11:42AM The management in media interview stated that Commercial vehicle demand is looking up on month on month basis and expects further growth in demand in the festive season. Company expects lot of demand coming from light and Heavy commercial vehicles and rise in steel and cement sector is aiding demand. E-commerce segment is showing lot of promise which is driving intermediate commercial vehicle sales. Company expects wholesale numbers to remain same or be better. Positive read thru
  • Ashok Leyland

    1 Oct 2020 , 3:47PM Ashok Leyland September sales: CV sales decline narrows to 5% driven by pick up in economic activities; nos ahead of estimates
  • Stock update: Ashok Leyland

    18 Sep 2020 , 12:08PM Stock update: Ashok Leyland Ltd: On track for strong recovery
  • Ashok Leyland

    15 Sep 2020 , 10:01AM Ashok Leyland launches new light commercial vehicle “Bada Dost”; to double addressable LCV market with launch; positive read thru
  • Ashok Leyland

    14 Sep 2020 , 3:47PM The company has launched bigger version of its light commercial vehicle Dost named “Bada Dost”. It is powered by new I gen Technology. This will expand its product offerings in light commercial vehicle space. Positive read thru
  • Ashok Leyland

    3 Sep 2020 , 12:13PM Ashok Leyland: To focus on increasing revenues in non-truck space; positive read thru
  • Ashok Leyland

    1 Sep 2020 , 2:02PM Ashok Leyland: Both LCV and MHCV sales picking up; overall sales better than estimates
  • Ashok Leyland, Eicher Motors, Tata Motors

    31 Aug 2020 , 11:13AM As per Eicher management, overdue replacement cycle to drive recovery in commercial vehicles; demand for trucks to start coming back from October-November; positive read thru
  • Bharat Forge, Ashok Leyland

    18 Aug 2020 , 10:14AM Government may put more curbs on defence imports; Govt preparing country wise profile to boost defence exports by domestic players; positive read thru
  • Ashok Leyland

    14 Aug 2020 , 11:45AM Ashok Leyland Q1FY21 update: Demand improving; upgrade to Buy
  • Ashok Leyland

    13 Aug 2020 , 11:50AM Ashok Leyland: Company posts lower than expected loss
  • Ashok Leyland

    3 Aug 2020 , 1:13PM Ashok Leyland: CV sales recover to 45% of normal; nos better than estimates
  • Ashok Leyland

    20 Jul 2020 , 12:12PM Appoints former Aston Martin CEO Andrew Palmer as Non-Executive Chairman of Optare Plc as current Chairman John Fickling steps down
  • Ashok Leyland

    2 Jul 2020 , 10:32AM Ashok Leyland June 2020 sales: Sales recovery slow; company reaches 20% of normal in June 2020; nos below estimates
  • Ashok Leyland

    29 Jun 2020 , 9:53AM Ashok Leyland Q4FY20 result update: Long road to recovery
  • Ashok Leyland

    26 Jun 2020 , 11:03AM Ashok Leyland Q4 FY20 results: Operating performance ahead of estimates; PAT impacted by impairment loss on equity investment
  • Ashok Leyland plans to raise Rs. 200 crore via NCDs

    17 Jun 2020 , 2:48PM Ashok Leyland board to consider plan to raise Rs 200 crore this week
  • Ashok Leyland

    12 Jun 2020 , 12:17PM Ashok Leyland: COVID-19 update
  • Ashok Leyland

    5 Jun 2020 , 12:33PM Company launches its new modular truck platform “Avtr” under BS6 norms; would offer customers customised solutions; sentimentally positive
  • Ashok Leyland

    2 Jun 2020 , 11:16AM May 2020 wholesales stood at 1,277 units, which were about 10% of normal. Sales of Ashok Leyland were below street estimates of about 15% of normal sales.
  • Ashok Leyland, Tata Motors, M&M, Maruti

    22 May 2020 , 10:06AM As per media news, Government is set to introduce a vehicle scrappage policy under which recycling clusters would be established near ports. Government aims to make India emerge as the world's leading automobile manufacturing hub in five years. Scrappage policy would be for all segments viz commercial vehicles and cars. An incentive based scrapping scheme will significantly boost demand for new vehicles and would be positive for the sector.
  • Ashok Leyland

    13 May 2020 , 1:04PM The company has resumed operations at all plants across the country after receiving necessary approvals from the Govt. Sentimentally positive
  • Ashok Leyland

    12 May 2020 , 10:42AM The company would consider fund raising Rs 500 crores thru issue of secured, rated, listed, redeemable Non Convertible Debentures (Rs.300 Crores plus a green-shoe option of Rs.200 Crores on private placement basis, in one or more tranches/series.
  • Ashok Leyland

    5 May 2020 , 10:31AM As expected, the company reported Zero sales in the month of April 2020 as the company's manufacturing plants as well as dealerships were shut due to lockdown on account of COVID-19. The company will restart operations after getting clearances from relevant state authorities.
  • Maruti Suzuki, Ashok Leyland

    23 Apr 2020 , 11:10AM Government has granted approval to Maruti for restarting partial production at Manesar plant. Also, Government has given permission to Ashok Leyland to resume operations at its Alwar, Bhandara and Pantnagar plants. Both companies are yet to take a call on restarting the operations.
  • Tata Motors, Bajaj Auto, M&M and Ashok Leyland

    22 Apr 2020 , 10:49AM Uttarakhand Government has given permission to resume manufacturing of production at automotive plants of Tata Motors, Bajaj Auto, M&M and Ashok Leyland.
  • Ashok Leyland

    26 Mar 2020 , 10:00AM ICRA has downgraded long-term rating to AA- from AA+ with outlook being revised to negative from stable. The rating action considers the expected deterioration in Ashok Leyland’s financial risk profile over the medium-term with the longer than expected slowdown in the domestic commercial vehicle industry and increasing investment outlay in group entities. The stock price has already corrected factoring in the above negatives.
  • Ashok Leyland to buy 19% stake in HLFL

    23 Mar 2020 , 1:44PM Ashok Leyland likely to acquire up to 19% of equity shares in Hinduja Leyland Finance Limited (HLFL) from existing shareholders
  • Ashok Leyland to buy 19% stake in HLFL

    23 Mar 2020 , 1:41PM Ashok Leyland likely to acquire up to 19% of equity shares in Hinduja Leyland Finance Limited (HLFL) from existing shareholders
  • Ashok Leyland

    23 Mar 2020 , 12:14PM Instead of increasing stake in HLFL (NBFC arm of Ashok Leyland) by 19% as decided earlier, board of Ashok Leyland has decided now to increase stake only by 7%. This will now lead to reduced outgo from earlier plan of Rs 1200 cr investment for 19% stake to Rs 390 cr now for 6.99% stake.
  • Ashok Leyland to acquire up to 19% additional stake in NBFC arm

    19 Mar 2020 , 3:12PM Ashok Leyland to acquire additional 19% stake in Hinduja Leyland Finance
  • Ashok Leyland

    2 Mar 2020 , 11:45AM Ashok Leyland February 2020: Overall sales decline 37% yoy; nos miss our estimates but are ahead of consensus expectations
  • Ashok Leyland

    18 Feb 2020 , 10:43AM Stock Update – Ashok Leyland Limited Q3FY2020 Results Review– Demand pressures to sustain in near term
  • Ashok Leyland

    13 Feb 2020 , 11:00AM Ashok Leyland: Q3FY2020 – Disappointing performance; results below estimates
  • Ashok Leyland

    10 Feb 2020 , 1:15PM To raise stake in captive financing arm Hinduja Leyland Finance alongwith other investors by 7%; - Positive read thru
  • Ashok Leyland arm bags order 37 electric double-decker buses

    10 Feb 2020 , 12:34PM Ashok Leyland's London subsidiary Optare Plc bags order for 37 electric double-decker buses
  • Ashok Leyland

    3 Feb 2020 , 12:34PM Ashok Leyland Jan 20 sales: Sales drop 40% yoy driven by weak demand environment; nos below estimates
  • Ashok Leyland

    10 Jan 2020 , 1:24PM Enters into pact with ABB Power products and Systems to develop electric bus using fast flash charging technology; positive read thru
  • Ashok Leyland

    2 Jan 2020 , 12:32PM December 2019 wholesales decline 28% lead by a steep drop in MHCV’s – numbers below estimates.
  • Ashok Leyland, HDFC Bank

    24 Dec 2019 , 1:05PM As per media news, Ashok Leyland has inked a vehicle financing pact with HDFC Bank for financing of Commercial vehicles manufactured by Ashok Leyland. The pact is for a period of 2 years with a specific focus on semi-urban and rural area customers. Sentimentally Positive
  • Tata Motors, Ashok Leyland, Eicher Motors

    18 Dec 2019 , 2:56PM Tata Motors expects CV industry to remain weak in near term; expect recovery only by H2FY21; negative but largely factored in street estimates
  • Ashok Leyland

    13 Dec 2019 , 11:02AM Has appointed Vipin Sondhi as MD and CEO of the company with immediate effect. Sondhi will head the company for the next five years uptil December 2024.Sondhi formally joined the Hinduja Group from JCB, where he was the MD & CEO - India, South East Asia & Pacific and a member of their Global Executive Leadership Team. The announcement comes after over a year of former CEO Vinod Dasari’s resignation in November 2018. With appointment of veteran Vipin Sondhi, uncertainty over CEO post is now over for the company. Sentimentally positive.
  • Ashok Leyland sales down 22% in November to 10,175 units

    2 Dec 2019 , 3:08PM Ashok Leyland reports 22% fall in total commercial vehicle sales at 10,175 units in November
  • Ashok Leyland

    2 Dec 2019 , 12:05PM Ashok Leyland: November 2019 sales dip 22% yoy; nos in line with estimates
  • Ashok Leyland

    27 Nov 2019 , 12:39PM The company has received orders to supply 1,750 buses to Tamil Nadu State Transport undertaking. Positive read thru
  • Ashok Leyland gets order from TN STU

    27 Nov 2019 , 11:05AM Ashok Leyland bags order for 1750 Buses from Tamil Nadu State Transport Undertakings
  • ICICI Bank, Ashok Leyland

    26 Nov 2019 , 11:28AM As per media news, Government has initiated a probe to review the need to continue imposition of existing anti-dumping duty on Chinese nylon tyre cord fabric following complaints from domestic industry. Nylon tyre cord fabric constitutes around 20% of the raw material cost for tyre players. If the anti dumping duty is removed, it would make imports from China cheaper and would be positive for tyre players as it would lower material cost.
  • Ashok Leyland partners with lClCl Bank

    26 Nov 2019 , 10:26AM Ashok Leyland join hands with lClCl Bank for vehicle loans
  • Ashok Leyland

    13 Nov 2019 , 11:36AM Ashok Leyland: Q2FY2020 - MHCV industry bottoming out
  • Ashok Leyland

    11 Nov 2019 , 11:24AM Ashok Leyland: PAT drops 81% on steep fall in volumes and margins; however results ahead of estimates.
  • Ashok Leyland

    4 Nov 2019 , 11:28AM Announced no production days ranging from 0-12 days in the month of November 2019 so as to align production with demand. November would be the fifth month where in the company has resorted to production holidays. Negative as this points at weak wholesales in the coming months.
  • Ashok Leyland

    1 Nov 2019 , 1:11PM Ashok Leyland Oct sales: Double digit decline continues; nos ahead of estimates
  • Ashok Leyland sales slips by 35% YoY

    1 Nov 2019 , 12:08PM Ashok Leyland sales come in at 9,857 units Vs 15,149 (YoY)
  • Ashok Leyland

    1 Oct 2019 , 12:43PM Ashok Leyland September 2019 sales: Sharp decline continues; sales more than halve; nos below estimates
  • Ashok Leyland announces additional non-working days over next couple of weeks

    30 Sep 2019 , 11:00AM Ashok Leyland: As per media news, due to sluggishness and contraction in the commercial Vehicles market, Ashok Leyland has announced 5 additional non-working days over the next couple of weeks. This is further to the production cuts announced in the month of August and September 2019 and is the third production cut announced in the last two months. Negative read thru. We have a Reduce rating on the stock.
  • Ashok Leyland extends cut at Ennore for five more days

    27 Sep 2019 , 11:24AM Ashok Leyland: Extends output cut at Ennore for five more days; Negative (this is the third production cut since August 2019)
  • Ashok Leyland to shut production for five days

    6 Sep 2019 , 12:51PM Amid slowdown in industry
  • Ashok Leyland total sales drop 47%, as MHCV volumes drop 59%

    3 Sep 2019 , 11:50AM Numbers below estimates
  • Ashok Leyland overall July 2019 sales at 10,927 units

    1 Aug 2019 , 2:47PM Ashok Leyland: July 2019 sales fall 28% led by a strong drop in MHCV volumes – Numbers below estimates
  • Ashok Leyland Q1FY20 better than estimates

    1 Aug 2019 , 11:53AM Ashok Leyland: Q1FY20 results better than our estimates; but meets street expectations
  • Ashok Leyland to close Pantnagar plant for nine days

    16 Jul 2019 , 11:08AM Ashok Leyland: Will close its Pantnagar MHCV plant for 9 days in July (16-24 July) owing to the weak demand outlook. This is the second time in two months that the company decided to shut operations. Earlier, the company had opted for six days closure in the month of June 2019. Negative read thru. We had recently downgraded Ashok Leyland to “Reduce” citing weakening demand conditions.
  • Ashok Leyland overall sales falls by 19% yoy

    1 Jul 2019 , 12:28PM Ashok Leyland June 2019 sales: Double digit drop continues in MHCV segment; LCV sales enter negative territory; nos below estimates
  • Ashok Leyland to close it Pantnagar plant for six days from June 24

    20 Jun 2019 , 10:27AM Hinduja Group flagship firm will close its Pantnagar plant to adjust output
  • Ashok Leyland May 2019 nos below estimates

    3 Jun 2019 , 11:06AM Ashok Leyland: May 2019 overall dispatches decline 4% led by a 14% drop in MHCV sales – Numbers below estimates.
  • Ashok Leyland sales decline by 4% to 13,172

    3 Jun 2019 , 10:49AM Ashok Leyland sales for the month of May come in 4% lower as exports
  • Ashok Leyland gets order from Senegal

    16 May 2019 , 12:04PM Ashok Leyland bags contract for supplying 400 units of Eagle 916 Minibuses valuing Euro 10.06 million
  • Ashok Leyland's April 2019 nos ahead of estimates

    2 May 2019 , 12:32PM Ashok Leyland April 2019 overall sales grow 8% YoY lead by a double digit growth in LCV segment – Numbers ahead of estimates
  • Ashok Leyland March 2019 sales slips by 4%

    1 Apr 2019 , 1:15PM Ashok Leyland reports 4% drop in sales during March 2019
  • Ashok Leyland March 2019 sales slips by 4%

    1 Apr 2019 , 1:08PM Ashok Leyland: March 2019 overall sales decline 4% lead by fall in the MHCV segment sales – Numbers marginally below estimates
  • Ashok Leyland gets order from GSRTC

    8 Mar 2019 , 12:35PM Ashok Leyland bags order for 1290 buses from Gujarat State Roadways Transport Corporation
  • Ashok Leyland total sales at 18,245 units in February 2019

    1 Mar 2019 , 12:05PM Ashok Leyland areports marginal rise in total sales
  • Ashok Leyland drops as CLSA cuts target price

    22 Jan 2019 , 11:01AM Global brokerage firm CLSA maintain Sell rating on the stock and also cut the target price
  • AshokLeylandreceivedanorderforsupplying580buses

    11 Jan 2019 , 10:42AM AshokLeylandreceivedanorderforsupplying580busesto99s(Statetransportundertakings)IRT(InstituteofRoadTransportChennai)UPSRTC(UttarPradeshStateRoadwaysTransportCorporation)andCTU(ChandigarhTransportUndertaking)ThesebusescanbedeliveredbeforeMarch2019Positive
  • Ashok Leyland gains on bus orders from State Transport Undertakings

    10 Jan 2019 , 10:22AM Ashok Leyland gains on bus orders from State Transport Undertakings
  • Ashok Leyland December sales plunge 20% to 15,493 units

    2 Jan 2019 , 11:14AM Ashok Leyland reports a sharp fall of 20% in sales for the month of December 2018 due to subdued consumer sentiment
  • Ashok Leyland, Israel-based ELBIT Systems sign MoU

    12 Dec 2018 , 11:44AM Ashok Leyland and Israel's ELBlT Systems sign MOU for High Mobility Vehicles
  • Ashok Leyland November sales drop 9% yoy due to weak MHCV demand; nos below estimates

    3 Dec 2018 , 10:26AM Ashok Leyland MHCV volumes dropped sharply 18% yoy in November led by NBFC liquidity crunch and impact of increased axle load norms. Also a high base in the corresponding month last year impacted the volumes. LCV sales continued in healthy double digit but the volume growth moderated to 15% driven by financing crunch.
  • Ashok Leyland November sales drop 9% yoy due to weak MHCV demand

    3 Dec 2018 , 10:25AM Ashok Leyland reports total sales down 9% at 13,121 units Vs 14,457 units (YoY)
  • Ashok Leyland October 2018 overall sales rises by 17%

    1 Nov 2018 , 11:35AM Ashok Leyland: October 2018 overall sales grow 17%; MHCV sales growth moderates – Numbers Marginally below estimates
  • Ashok Leyland October 2018 overall sales rises by 17%

    1 Nov 2018 , 11:32AM Ashok Leyland overall sales for October 2018 at 15,149 units are up 17% YoY
  • Ashok Leyland posts 26% growth for Sepetmber

    1 Oct 2018 , 11:12AM Ashok Leyland total sales up 26% at 19,373 units Vs 15,371 units (YoY)
  • Ashok Leyland gets order to supply 200 buses

    17 Sep 2018 , 11:17AM Ashok Leyland has received an order to supply 200 busses to Bangladesh Road Transport Corporation (BRTC). This repeat order comprises single-decker AC buses which includes intercity AC buses as well as city AC buses. Positive
  • Ashok Leyland arm plan to raise fund via IPO

    17 Sep 2018 , 10:18AM Ashok Leyland's Subsidiary Hinduja Leyland Finance is planning to raise upto Rs 5 billion through the IPO route with sale of 3.1 cr shares. Hinduja Leyland Finance is seeking valuation of Rs. 7,400 cr and Ashok Leyland holds 61.9% stake in the company. Positive for Ashok Leyland as it will provide value unlocking opportunity
  • Ashok Leyland bags order in Bangladesh

    14 Sep 2018 , 2:51PM Ashok Leyland wins order for 200 Single Decker buses in Bangladesh
  • Ashok Leyland opens a new electric vehicle

    10 Sep 2018 , 2:09PM Ashok Leyland opens a new electric vehicle facility at its Ennore plant. The new facility will have capabilities for design, prototyping, testing, and solutions design. The company plans to start work on new product platforms in electric vehicles such as eLCV, low floor city buses, last mile connectivity and power solutions products. Positive read thru
  • Ashok Leyland: Stock Update

    4 Sep 2018 , 12:38PM Ashok Leyland: Stock Update - Axle load norms unlikely to impact demand
  • Ashok Leyland's Aug 2018 sales nos ahead of estimates

    3 Sep 2018 , 12:01PM Ashok Leyland's August 2018 sales surprise positively, growing by 27.5% as clarity emerges on axle load norms - Numbers are ahead of estimates
  • Ashok Leyland gains as sales rises by 27%

    3 Sep 2018 , 10:04AM Ashok Leyland rises over 4% to Rs135.10, after total sales rises by 27% to 17,386 units in August 2018 over August 2017
  • Ashok Leyland wins tender for supply of Tracked Combat vehicle

    27 Aug 2018 , 12:47PM Ashok Leyland wins tender for supply of Tracked Combat vehicle; scope includes developmental work and marks Ashok Leyland’s foray into tracked vehicle business – Positive
  • Ashok Leyland bags order in Tracked Vehicle space

    24 Aug 2018 , 10:28AM Ashok Leyland wins a tender for defence Tracked Vehicle space
  • Ashok Leyland bags order in Tracked Vehicle space

    24 Aug 2018 , 10:28AM Ashok Leyland wins a tender for defence Tracked Vehicle space
  • Ashok Leyland wins order for supply of 300 double decker buses

    17 Aug 2018 , 12:43PM Ashok Leyland Won order for supply of 300 double decker buses from Bangladesh Road Transport Corporation. The buses will be delivered within eight months. Positive read thru
  • Ashok Leyland wins order in Bangladesh

    17 Aug 2018 , 10:11AM Ashok Leyland wins order for 300 Double Decker buses in Bangladesh
  • Ashok Leyland introduces "innoline"–BS4 engine

    17 Aug 2018 , 9:20AM Ashok Leyland introduces "innoline" – BS4 engine for commercial vehicles driven by an in line fuel pump. Apart from the benefits like lower cost of operations and no hassles of AdBlue (Urea), lnnoline makes the maintenance of the engine much simpler for the mechanics, and gives a hassle-free service experience to the customers. The technology can be upgraded to BS 6 engines as well. Positive read thru
  • Ashok Leyland bags order from Transport for London

    13 Aug 2018 , 1:52PM Ashok Leyland's subsidiary Optare has bagged to supply 31 units of Optare Metrodecker EV double-decker buses from Transport for London. The busses would be bought by Metroline and would be added to London’s fleet by next summer. Positive
  • Ashok Leyland July 2018 sales up 27% (YoY)

    1 Aug 2018 , 11:52AM Ashok Leyland overall sales for July 2018 at 15,199 units are up 27% YoY
  • Ashok Leyland July 2018 sales up 27% (YoY)

    1 Aug 2018 , 11:51AM Ashok Leyland: Overall sales for July 2018 spring in a surprise, up 27% YoY. Numbers are ahead of estimates.
  • Ashok Leyland: Q1FY2019 result Update

    19 Jul 2018 , 11:23AM Ashok Leyland: Q1FY2019 result Update - Policy changes create growth hurdles
  • Government notifies increased axle load norms

    17 Jul 2018 , 11:36AM Government has hiked maximum safe axle weight norms for Commercial vehicles
  • Truck rentals remain firm on higher arrivals at APMCs

    4 Jul 2018 , 10:56AM Positive as firm rentals will maintain strong CV sales momentum
  • Ashok Leyland overall sales up 51% (YoY)

    1 Jun 2018 , 12:17PM Ashok Leyland overall sales at 13,659 units is up 51% YoY due to a sharp 70% growth in the MHCV sales
  • Ashok Leyland to benefit from MHCV uptrend

    23 May 2018 , 12:45PM We retain Buy rating on the stock with an unchanged PT of Rs 170. Ashok Leyland is among our top picks in the automotive space
  • Ashok Leyland: Q4 result review - Strong results

    21 May 2018 , 11:17AM Subsidiary/JV FY2018 pbt improves 161% to Rs 333 cr which is a big positive
  • Ashok Leyland sales up 79% in April

    2 May 2018 , 2:33PM Ashok Leyland April sales at 12,677 numbers are up sharply by 79% YoY driven by a low base of the corresponding month last year
  • Ashok Leyland plans Rs 1,000 crore capex

    19 Apr 2018 , 11:09AM Positive read through for Ashok Leyland as it plans Rs 1,000 crore capex (highest in recent years) to ramp up capacity and lines up 20 new launches in FY2019; expects close to double digit growth for MHCV industry over the next 3 years.
  • Ashok Leyland gains after new order win

    13 Apr 2018 , 12:09PM Ashok Leyland rises over 3% at Rs150, after winning an order from the Ministry of Defence for 10x10 vehicles to carry the Smerch Rockets
  • Ashok Leyland to double LCV capacity to 100,000 units

    5 Apr 2018 , 11:19AM Positive read through for Ashok Leyland as it lines up capex of Rs 400 crore for a new LCV platform and Rs 300 crore to ramp up the production capacity, to outpace expected LCV industry growth of 12%.
  • Truck freight rates increase 4% in March

    5 Apr 2018 , 10:19AM Positive read thru for CV players Ashok Leyland, Tata Motors and Eicher Motors and ancillary players like Jamna Auto and Ramkrishna Forgings .
  • Ashok Leyland nos broadly in-line with estimates

    2 Apr 2018 , 11:12AM Ashok Leyland’s overall sales for March 2018 at 22,453 units are broadly in line with our estimates of 21,700 units
  • upgrades credit rating on long term loans; company to set up bus manufacturing plant at AP with capacity of 4,800 buses

    2 Apr 2018 , 10:08AM Ratings agency ICRA has revised upwards credit rating outlook for Ashok Leyland’s Non convertible debentures, Term Loans and Fund based limited from Stable to Positive.
  • Ashok Leyland bags order for supply of buses in Tamil Nadu

    21 Mar 2018 , 1:54PM Ashok Leyland bags an order from The Institute of Road Transport, Tamil Nadu for supply of 2,100 buses
  • Truck rentals up 9% attributed to improved cargo availability from Agriculture sector

    7 Mar 2018 , 9:53AM Positive read through for Ashok Leyland,Tata Motors, Eicher Motors amongst others
  • Automobile industry sees another month of double digit growth

    6 Mar 2018 , 9:39AM Automobile sales continued their steak of double-digit growth in the month of February 2018 as well. Sales of the two wheelers (2W) and commercial vehicles (CV) segments surged impressively by 26% and 32%, respectively.
  • Ashok Leyland February 2018 sales up 29% YoY

    1 Mar 2018 , 12:20PM Numbers marginally ahead of estimates as Ashok Leyland February 2018 sales up 29% YoY driven by an impressive 63% growth in LCV volumes.
  • Ashok Leyland to benefit from MHCV upcycle

    1 Mar 2018 , 10:07AM The Finance Ministry has approved the vehicle scrappage policy or commercial vehicles older than 15 years of age. As per the draft policy, vehicles bought on or before March 31, 2005, would be eligible for scrapping.
  • Government considering tax benefits for scrapping 15-year old vehicles

    8 Feb 2018 , 9:56AM Positive for Ashok Leyland, M&M, Tata Motors, Eicher Motors and Jamna Auto as Government considering tax benefits for scrapping 15-year old vehicles
  • MHCV upcycle to boost earnings for Ashok Leyland in Q3FY18

    5 Feb 2018 , 4:03PM Ashok Leyland Limited (ALL) reported a strong set of numbers for Q3FY2018. Though results were inline with our estimates, they were significantly better than street’s estimates.
  • Ashok Leyland performs better than expectations in Q3FY18

    2 Feb 2018 , 11:28AM Results broadly in-line with our estimates; however significantly better than street expectations
  • Ashok Leyland Jan 2018 sales up 22% (YoY)

    1 Feb 2018 , 2:55PM Ashok Leyland reports January 2018 total dispatches up impressively by 22%; numbers ahead of estimates
  • Ashok Leyland has procured order from VRL logistics to supply 1200 trucks amounting to Rs 350 crore

    25 Jan 2018 , 9:24AM New changes are to benefit and position Ashok Leyland stronger among the competitors. Positive for Ashok Leyland.
  • Ashok Leyland to invest Rs 400 cr in new LCV platform and doubling capacity

    23 Jan 2018 , 11:18AM The company aims for robust growth in both domestic and exports which is a positive read through for all the stake holders.
  • Ashok Leyland signs pact with Israel-based firm

    17 Jan 2018 , 1:13PM Ashok Leyland signs a pact with Israel-based firm for high energy electric-powered commercial vehicle solutions
  • Ashok Leyland is the key beneficiary of the CV upcycle

    17 Jan 2018 , 12:33PM Retain Buy with a revised PT of Rs. 157.
  • Ashok Leyland sales growth at 79%

    2 Jan 2018 , 4:48PM December 2017 sales surprise positively reporting a 79% growth driven by improved demand and pre buying ahead of mandatory AC norms – Numbers ahead of estimates.
  • Ashok Leyland to invest Rs 400 in LCV segment

    13 Dec 2017 , 2:07PM Ashok Leyland launches west African headquarters in Ivory Coast; introduces 4 new models; commences delivery of 3,600 vehicles through Road Transport Development fund in ivory coast
  • Ashok Leyland to invest Rs 400 cr n the LCV segment

    13 Dec 2017 , 12:47PM Positive read through for Ashok Leyland as this new development will include left hand driving trucks to tap the potential export markets.
  • Ashok Leyland: launches west African headquarters in Ivory Coast

    13 Dec 2017 , 12:42PM Positive read through for Ashok Leyland as it introduces 4 new models and commences delivery of 3,600 vehicles.
  • Ashok Leyland launches west African headquarters in Ivory Coast

    13 Dec 2017 , 10:01AM Positive read through for Ashok Leyland as it introduces 4 new models in Ivory Coast
  • Ashok Leyland Nov sales beat estimates

    1 Dec 2017 , 2:49PM Ashok Leyland overall sales rises by 51% to 14,460 units and were much higher than our estimates of 11,900 units
  • Ashok Leyland Nov sales beat estimates

    1 Dec 2017 , 11:51AM Ashok Leyland overall sales rises by 51% to 14,460 units and were much higher than our estimates of 11,900 units
  • Ashok Leyland and Hino Motors enter mutual co-operation agreement

    28 Nov 2017 , 8:43AM Positive read through for Ashok Leyland as it has entered into a mutual co-operation agreement with Hino Motors Japan for development of BS 6 engines.
  • Ashok Leyland scripts turnaround in LCV business

    24 Nov 2017 , 8:51AM Positive for Ashok Leyland as it sees a lot of traction in the LCV market and expects to grow in line with the industry in the near term.
  • Ashok Leyland's subsidiary eyes strong FY18 income growth

    20 Nov 2017 , 3:49PM Positive news for Ashok Leyland as its subsidiary Hinduja Leyland Financial eyes strong 35% income growth in FY18; may consider fund raising next year.
  • Ashok Leyland to acquire 4.68% stake in Hinduja Leyland Finance

    17 Nov 2017 , 9:01AM Positive news for Ashok Leyland as the company plans to acquire 4.68% stake in Hinduja Leyland Finance Ltd for Rs 225 cr.
  • Ashok Leyland Q2 margins impacted

    10 Nov 2017 , 4:01PM Ashok Leyland: Q2FY2018 result update - CV industry in upcycle; retain Buy
  • Ashok Leyland Q2 operating performance below expectation

    8 Nov 2017 , 1:53PM Ashok Leyland Q2FY2018 results were lower than our as well as consensus expectations
  • Ashok Leyland's Q2 overall sales numbers below estimates

    1 Nov 2017 , 2:22PM Ashok Leyland's MHCV sales dip 5% yoy due to high base and likely market share loss; LCV sales maintain strong momentum.
  • Ashok Leyland to invest Rs 500 Cr to accelerate electric vehicle development

    30 Oct 2017 , 2:43PM Positive read through as Ashok Leyland has confirmed an investment of about Rs 400-500 crore to accelerate the development of its electric vehicles.
  • Ashok Leyland has been granted 10-year reimbursement for State GST - Positive

    12 Oct 2017 , 9:45AM Ashok Leyland: Andhra Pradesh government grants State GST reimbursement for 10 year period for the company’s green field plant to be set up – Positive read thru
  • Ashok Leyland: Stock Update

    4 Oct 2017 , 10:08AM MHCV growth accelerates; Maintain Buy with revised PT of Rs.139. Read details below
  • Ashok Leyland September 2017 sales up 28% YoY

    3 Oct 2017 , 12:25PM Ashok Leyland sales driven by a strong performance of the MHCV segment; Numbers ahead of estimates – Positive.
  • Ashok Leyland hits new high

    29 Sep 2017 , 12:46PM Ashok Leyland rises over 4% to Rs121.7, after rating agency ICRA assigns credit rating for commercial paper issue with stable outlook
  • Ashok Leyland aims to sell about 40,000 LCVs this year

    25 Sep 2017 , 9:21AM Ashok Leyland: Launched the “Dost+”, a muscled up version of its small commercial vehicle Dost, with a higher payload capacity and cargo space - Positive read through.
  • Ashok Leyland to broaden LCV exports

    22 Sep 2017 , 9:03AM Ashok Leyland will start exporting LCVs with left hand drive version as 80% of the world market is for left hand drives; positive
  • ELCOM Grp inks defence pact with Russian firm

    7 Sep 2017 , 9:56AM Ashok Leyland defence arm, ELCOM ink defence pact with Russian firm to address tracked vehicle requirements of Indian army; positive read thru
  • Ashok Leyland expects strong growth in CV segment

    6 Sep 2017 , 9:03AM Ashok Leyland maintains 10-15% growth guidance for FY2018 for CV industry which is ahead of our as well as street expectations. Positive read thru.
  • Ashok Leyland plans to rollout LCV every 4-5 months

    5 Sep 2017 , 10:44AM Ashok Leyland: launches Dost+ LCV in the 2-3.5 tons segment, plans to rollout one LCV every 4-5 months- Positive.
  • Ashok Leyland aims Rs5,000 Cr revenues over next 4-5 yrs

    29 Aug 2017 , 8:52AM Ashok Leyland aims to expand defense business 6-8 times; positive
  • Ashok Leyland July 2017 sales up 14% YoY

    1 Aug 2017 , 12:04PM Ashok Leyland July 2017 sales rises by 14% (YoY) as demand situation on the ground improves
  • Ashok Leyland bags Karnataka order for over 3000 buses

    25 Jul 2017 , 9:54AM Ashok Leyland bags order worth Rs650 crore for 3,019 bused from Kerala State Road Transport Corporation (KSRTC)
  • Ashok Leyland inks pact with Sun Mobility; stk gains

    19 Jul 2017 , 11:25AM Ashok Leyland rises by 2% to Rs107.65, after company forms a strategic alliance with SUN Mobility to develop electric mobility solutions

Key fundamentals

Evaluate the intrinsic value of Ashok Leyland Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 11064.9 11605.9 10844 10693.45 10328.82
Liabilities 11064.9 11605.9 10844 10693.45 10328.82
Equity 293.63 293.61 293.55 293.55 293.55
Gross Profit 4606.58 2930.7 994.52 535.14 1173.65
Net Profit 2617.87 1380.11 541.83 -313.68 239.52
Cash From Operating Activities 2503.12 2136.01 2646.93 21.13 941.06
NPM(%) 6.82 3.81 2.49 -2.05 1.37
Revenue 38367.03 36144.14 21688.29 15301.45 17467.47
Expenses 33760.45 33213.44 20693.77 14766.31 16293.82
ROE(%) 25.38 13.38 5.25 -3.04 2.32

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
19 Nov 2024 2 200 2.52 208.18
07 Jul 2023 2.6 260 2.52 152.2
14 Jul 2022 1 100 2.52 122.9
31 Aug 2021 0.6 60 2.52 123.4
19 Mar 2020 0.5 50 2.52 72.45
23 Jul 2019 3.1 310 2.52 93.8
09 Jul 2018 2.43 243 2.52 148.4
11 Jul 2017 1.56 156 2.52 91.55
13 Jul 2016 0.95 95 2.52 97.25
17 Jun 2015 0.45 45 2.52 71.95
04 Jul 2013 0.6 60 2.52 22.45
12 Jul 2012 1 100 2.52 26.15
29 Jun 2011 2 200 2.52 48.45
16 Jul 2010 1.5 150 2.52 54.95
14 Jul 2009 1 100 2.52 21.95
16 Jul 2008 1.5 150 2.52 40.5
28 Mar 2007 1.5 150 2.52 39.1
12 Jul 2006 1.2 120 2.52 50.4
07 Jul 2005 1 100 2.52 23.05
29 Jun 2004 0.75 75 2.52 208.5
30 Jun 2003 5 50 2.52 99.25
04 Jul 2002 0 45 2.52 99.15
0 40 2.52 89
18 Jun 2001 0 40 2.52 59.25
0 10 2.52 97.95
0 10 2.52 43.9
0 50 2.52 72.95

Peers

Other companies within the same industry or sector that are comparable to Ashok Leyland Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Escorts Kubota Ltd 2908.50 -0.50 27.35 2171.32 937.73 0.62
SML Isuzu Ltd 1104.15 -2.07 13.20 284.51 745.44 1.45
Tunwal E-Motors Ltd 31.25 -4.73 14.20 814.51 106.79 0.00
Force Motors Ltd 7239.35 1.01 18.84 258.99 2945.37 0.28

Company Info

1948 - The Company was Incorporated on 7th September, at Chennai. The Company Manufacture Comet chassis and Leyland `Tiger' and `Titan' chassis and Leyland diesel engines. 1951 - In July, 1,00,000 `B' Right Equity shares and in December, 1,00,000 `A' and 1,00,000 `B' equity shares offered. 133571 `A' equity shares subscribed for out of 1948 issued and July 1951 right issue; 22159 `B' shares subscribed for out of December 1951 rights issue. 1952-55 - Further 6321 `A' equity and 948 `B' equity shares of 1951 issue subscribed. All converted into Rs 5 face value. 1955 - The name of the Company was changed from Ashok Motors Ltd., to Ashok Leyland Ltd. in July. Ashok Leyland Motors Ltd., are the associates of the Company. 1956 - In June, 4 lakh shares allotted to Leyland motors. In Nov. 11 lakh share issued at par 15,03,456 shares as rights in prop. 19:40 & 5,96,544 shares to Leyland motors to maintain their holding at 40%. 1957 - 9,88,688 issued at par to public in August 1957. 11,312 shares reserved for allotment to Leyland motors to hold their level below 49%. 1959 - In May, 25 lakh right shares offered at par in prop. 5:8 of this Leyland Motors were eligible for 12.25 lakh shares. 1960-63 - In December 34.45 lakh equity shares issued at par. 6.63 lakh shares as rights in prop. 1:5 and 27.82 lakh shares to Leyland Motors to keep their holding between 60%. 1963 - In October 11.05 lakh shares issued out of which 6,62,777 shares offered at par to Leyland Motors to be allotted from time to time. The balance offered as rights to other members in prop. 1:9. 1965 - In May, 44,18,984 shares issued at par of which 26,51,110 shares offered to Leyland Motors against plant and machinery supplied by them. The balance offered as rights to other members in prop. 2:5. 1975 - 31,15,404 bonus shares issued in prop. 1:15. 1978 - 93,46,217 bonus shares issued in prop. 1:2. 1979 - In February, the Company made a public issue of 49,61,349 No. of equity shares of Rs 5 each at a premium of Rs 3 per share. - 4961349 shares issued (prem. Rs 3 per shares) 2,48,049 shares reserved and allotted on a firm basis to employees and business associates of the company and 47,13,300 shares for public subscription during February 1979. 1980 - In collaboration with Leyland Vehicles, Ltd., the Company embarked on a programme of manufacture of integral buses. The R&D division was also engaged in developing a new vehicle prime mover with turbocharged engine which in operation with a Tandem-Axle trailer, would enable a GTW of 26T. - The Company also developed a longer integral bus with larger seating capacity. A technical collaboration agreement was entered into for the manufacture of synchromesh transmissions to the designs of Azhnradfabrik Friedrichschafen AG of West Germany. 1981 - Shares of Rs 5 each consolidated on 7.12.1981. 1982 - Prototypes of a 36' long integral bus and articulated bus for city applications were built. 1983 - The Company entered into an agreement for a joint venture in Sri Lanka for the assembly and progressive manufacture of Ashok-Leyland vehicles. - ACL proposed to create facilities for body building and assembly of panels for front-end structures for truck and business in order to cater to the requirements. - The Company entered into a technical collaboration with Hino Motor, Ltd., Japan for their `W' series engines. - Land-Rover Leyland International Holdings, Ltd., ceased to be a holding company of the Company from 1st November. 1984 - During April-May, the Company offered the following convertible and non-convertible redeemable debentures, all of the face value of Rs 100 each, for cash at par to the resident Indian equity shareholders on a rights basis for an aggregate nominal value of Rs 32.60 crores; (a) 8,15,000 - 13.5% Series III-A secured convertible. (b) 16,30,000 - 13.5% Series III-B Secured Convertible. (c) 8,15,000 - 15% Series III-C Secured non-convertible with options of cumulative and non-cumulative schemes for payment of interest. - The basis of offer was one block of debentures for every 10 equity shares and every shareholders holding less than 10 equity shares was entitled to receive a minimum of one block of debenture. One block of debenture comprises the following: - One III-A Series debentures of Rs 100 each; Two III-B Series debentures of Rs 100 each and One III-C Series debentures of Rs. 100 each. - The Company has an obligation to convert Rs 36 per debenture out of Rs 100 as follows: (a) In the case of III-A Series debentures, two equity shares of Rs 10 each at a premium of Rs 8 per share to be allotted on 1.11.1984. (b) In the case of III-B Series debentures, two equity shares to Rs 10 each a premium of Rs 8 per share to be allotted on 1.1.1986. 1986 - DGTD registration for the manufacture of metal cutting and grinding machines at the Hosur and Alwar plants was obtained. - A prototype of a rear engine bus chasis according to the specifications laid down by special working group for use in State Transport Undertakings was acknowledged by the latter during the year. - The Company issued 10,00,000 - 13.5% secured non-convertible debentures - series IV, redeemable at 5% premium on 14th March, 1993. 1987 - The "Intermediate" vehicle with 4-cylinder HINO engine was introduced in the market under the brand name "CHITAL". A test track for endurance testing of vehicles was also commissioned. 1989 - The Company introduced Normal Control (bonnetted) vehicle. With access to superior IVECO technology, the Company was evaluating various contemporary product options that were relevant to the requirements of Indian road transport industry. - During July-August, the Company, offered 26,04,233 - 12.5% convertible debentures (Series V) of Rs 150 each to Indian resident shareholders as Rights in the proportion 1 debenture : 5 equity shares held. (all were taken up). Additional 3,88,226 debentures were allotted to retain oversubscription. - Another 1,30,212 - 12.5% debentures were also issued to employees of the Company (only 38,100 debentures were taken up). The unsubscribed portion of 92,112 debentures was allowed to lapse. - Rs 70 of the face value of each debenture was compulsorily converted into two equity shares of Rs 10 each at a premium of Rs 25 per share on 1.1.90. - Rs 80 of the face value of each debenture was to be redeemed at par in five equal annual instalments at the end of 5th, 6th, 7th, 8th and 9th years from the date of allotment of debentures. - 60,61,118 shares allotted (prem. Rs 25 per share) on conversion of V series debs. on 1.1.90. 38,91,858 shares were allotted to NRIs (prem. Rs 25 per shae) to maintain their percentage of shareholding in the company. 1990 - A 25 tonnes three axled 6 x 6 articulated clump trunk was developed. - Effective from 1st March, Ductron was merged with the Company. As per the scheme of amalgamation, the shareholders of Ductron Castings were allotted without payment in cash, one equity share of Ashok Leyland, Ltd. for every 3 equity share held by them in the erstwhile Ductron Castings Ltd. Accordingly 1,53,333 equity shares were allotted. 1991 - The Company offered 96,16,226 - 14% secured redeemable partly convertible debentures (Series VIII) of Rs 200 each aggregating Rs 192.32 crores to the existing equity shareholders in the proportion of 1 debenture for every 2 equity shares held. - Another 4,80,812 - 14% partly convertible debenture of Rs 200 each were offered to the employees (including working directors) on equitable basis. Additional 14,42,429 debentures to the equity shareholders and additional 72,121 debentures to the employees were allotted to retain oversubscription. - The non-convertible portion of Rs 100 of each debenture would be redeemed at par in three annual instalments of Rs 35, Rs 35 and Rs 30 at the end of the 7th, 8th and 9th years respectively from the date of allotment of the debentures. - Simultaneously with the offer of 14% partly convertible debentures, the Company offered 128,78,436 equity shares of Rs 10 each at a premium of Rs 40 per share to non-resident shareholders in the proportion of 1:1, in order to maintain their existing percentage of shareholding in the Company. - Ductron Castings, Ltd., had become sick under the provisions of the Sick Industrial Companies (Sp. Provisions) Act 1985. 1992 - 116,11,585 No. of Equity shares allotted (prem. Rs 40 per share) on part conversion of VIII series debs. on 11.5.92. Another 73,96,687 shares allotted to NRIs on 11.5.92. 1993 - A 6 x 2 truck model was launched during the year. - With a view to increasing the shareholding of the collaborators LRLIH Ltd. to 51%, the Company allotted 171,00,000 No. of equity shares of Rs 10 each at a premium of Rs 40 per share on 29th September. 1994 - The Company issued 10,771,908 GDRs at an issue price of US $ 12.79 per GDR for a total value of US $137.773 millions. Each GDR represents 3 equity shares of Rs 10 each. - 32,315,724 shares issued through GDRs. - The Company entered into a technical collaboration with Hino Motor, Ltd., Japan for ther `W' series engines. 1998 - As at 31st March, the Company held 14,26,854 No. of Equity shares of Rs 10 each of Ennore Foundries, Ltd. - As on 31st March, sums of Rs 174.65 crores and Rs 50.72 crores were outstanding against term loans from financial institutions and banks respectively. - Ashok Leyland has introduced "The Panther", a low floor bus which has been indigenously designed to cater to the needs of the common masses and is based on the parameters set by the Central Institute of Road Transport and the Association of State Road Transport Undertakings. - Ashok Leyland Ltd., the commercial vehicles major, has entered into an agreement with the leading US-based management consultant, A T Kearney, to kick-start the process re-engineering work in the company's various production units. - Ashok Leyland Limited is developing a new range of low floor chassis in the passenger vehicle sector for more convenient urban transportation. - Ashok Leyland Ltd (ALL) is introducing its latest hi-tech product, Panther into the Delhi Transport Corporation's (DTC) fleet. - The ministry of defence's vehicle factory in Jabalpur has signed manufacturing agreements with Ashok Leyland and Tata Electric and Locomotives Company (Telco) recently. - The commercial vehicle industry suffered severely due to the unprecedented slow down of the Indian economy. 1999 - The company would enter into an alliance with dealers of tractor on a temporary basis. The company was talking to tractor manufacturers including Mahindra & Mahindra, Eicher, TAFE, and Punjab Tractors in this connection. - Hinduja group flagship company Ashok Leyland recently signed a memorandum of understanding with the Punjab government to set up a driving training institute at Rajpura in Punjab. 2000 - The Company launched of two interactive Internet initiatives, one for domestic parts operations and the other for exports. - Ashok Leyland has announced a voluntary retirement scheme for its `unionised staff'. - The Company has will hive-off its engines division to a joint venture with Iveco, which is a subsidiary of Fiat of Italy. - ALIT Inc, a 100 per cent subsidiary of Ashok Leyland Information Technology Ltd, has signed a contract to provide software services to a top Fortune-listed company. - Ashok Leyland Ltd (ALL) and Maruti Udyog Ltd have been selcted for the IRTE National Award, in recognition of their efforts towards promoting the cause of road safety, traffic managemen and environment protection. 2001 - Commercial vehicles manufacturers Ashok Leyland Ltd, Sundaram Industries Ltd. and Irizar of Spain have formed a joint venture company - Irizar TVS Ltd for bus body building. The JV company has been set up with a paid-up capital of Rs 75 lakhs with equal contribution from the three partners. - Ashok Leyland's Ennore unit has received ISO 14001 certification for its environment management system from Indian Registrar Quality Systems. - The Company has crossed its first milestone in setting up an environmental management system with its Ennore plant obtaining the ISO-14001 certification from the Indian Register Quality Systems. - The hinduja group flagship Ashok Leyland has chosen Compaq as the most preferred vendor in building an end-to-end IT infrastructure covering all operations of the company. - Ashok Leyland, a flagship company of Hinduja group, has withdrawn from the race for wresting control of oil marketing PSU IBP. - Ashok Leyland Ltd (ALL), the second largest commercial vehicle manufacturer, has unveiled two more variants of its existing models - the self loading truck and the gullwing container - in a bid to boost its sales. - Ashok Leyland Ltd (ALL) has reported a 3 per cent increase in net sales to Rs 637.46 crore for the second quarter ended September 2001. - Ashok Leyland, which is half way through its borrowing programme for this year, proposes to raise Rs 100 crore by December. So far this year, the company has raised Rs 95 crore. - Ashok Leyland. According to corporate circles, about 15 companies have recognised the need for rewarding non-executive directors by way of commission. 2002 - Ashok Leyland Ltd has informed that Mr G Boschetti ceased to be a Director on our Board. Mr Marc Petit also ceased to be an Alternate Director to Mr G Boschetti.Mr R Sorce has been appointed as a Director in the place of Mr G Boschetti. -R Seshasayee reappointed as Managing Director of Ashok Leyland. - Ashok Leyland forms an `automotive electronics group' within its Product Development Division, to explore technologies for developing Euro-3 and Euro-4 compliant engines. -Ashok Leyland Ltd has informed that the Board approved:1. Mr S R Krishnaswamy, Executive Director, LIC has been appointed as Nominee Director of LIC in the place of Mr P A Balasubramanian.2. Mr Matta Luigi of IVECO Spa, Italy has been appointed as an alternate Director to Mr R Sorce. -Ashok Leyland Ltd has informed that the following changes have taken place in the composition of the BOD w.e.f. October 25, 2002: 1) Mr. R Sorce has ceased to be Director of the company. 2) Mr. Marco Bianchi has been appointed as a Director. 3) Mr. Matta Luigi who was hitherto Alternate Director to Mr. R Sorce has been appointed as Alternate Director to Mr. Marco Bianchi. 4) Mr. B D Punjabi who was hitherto Alternate Director to Mr. A K Das has been appointed as Alternate Director to Mr. F Sahami. 5) Mr. I N Chatterjee has been appointed as an Alternate Director to Mr. A K Das. 2003 -Leyland has reported a 70% increase in its sales. -Ashok Leyland set to increase 'Hino' engine platform through in-house product development, to deliver higher horsepower in tune with improving road infrastructure. -Ashok Leyland Ltd has supplied 25 buses to Afghanistan Which is a part of Indian Government's Assistance to the war-ravaged Afghanistan. -Mr.Arun Pande has been appointed as Executive Director - Marketing. -Leyland bagged $46 million truck supply contract from the United Nations. -Ashok Leyland launhes fuel-efficient Hino H series engine -D G Hinduja has elected as Vice Chairman. 2004 -Arun Pande resigns from Ashok Leyland -Ashok Leyland unveils new range of buses and trucks in a bid -launches Ecomet, a light commercial vehicle, in the Andhra Pradesh market -Ashok Leyland's Hosur unit bags CII's awards in safety, health and environment -Ashok Leyland Ltd (ALL) and Indian Oil Corporation (IOC) have joined hands to offer freight management services across the country - Ashok Leyland Ltd signs a collaboration agreement with ZF of Germany for local manufacturing of ZF's 9-speed synchromesh gearbox. -Wipro Infotech has signed up with Ashok Leyland for strategic cost reduction -Partners with IIT-B to train employees -ALL unveils Funbus for underprivileged kids - Ashok Leyland Limited chooses product suite of MatrixOne India, subsidiary of Scandent Solutions Corporation Ltd, to provide an end-to-end PLM (Product Lifecycle Management) solution for the company. -Ashok Leyland Ltd receives BS7799 certification for information security management system 2005 -Ashok Leyland rolls out 'H' series multi-axle vehicle -Gulf Oil, Ashok Leyland unveils co-branded oils 2006 -Ashok Leyland gets ISO/TS 16949 corporate certification - Ashok Leyland has unveiled its 20-ft extra loading vehicle Comet 1611 -Ashok Leyland forges alliance with French firm 2007 -Ashok Leyland, on June 22, has named Rajive Saharia as the new executive director-marketing of the company. - Ashok Leyland, Siemens VDO signs agreement to set up joint venture. -Ashok Leyland Ltd has signed a Heads of Agreement with Nissan Motor Co. Ltd, Japan for development, manufacture and marketing of LCV products. 2008 -Ashok Leyland to introduce concept bus at Auto Expo -Ashok Leyland produces new CNG engine for buses -Ashok Leyland buys stake in group co in Germany -Ashok Leyland entered into a joint venture with John Deere -Registered Office of the Company has been shifted From 19, Rajaji Salai, Chennai 600 001 To No.1, Sardar Patel Road ,Guindy,Chennai 600 032. 2009 -Ashok Leyland receives Rs 480-cr DTC order -Ashok Leyland to open four new outlets in Punjab 2010 - Ashok Leyland, the flagship company of Hinduja group, unveiled the country's first electric plug-in CNG hybrid bus, HYBUS, at the Delhi auto show. 2011 -Ashok Leyland to invest Rs 200 cr in product development -"Ashok Leyland to supply 700 Cluster CNG buses to Delhi" -Ashok Leyland forays in small commercial vehicle segment; launches “DOST” in JV with Nissan Motor. -Ashok Leyland has given the Bonus in the Ratio of 1:1 2012 -"Ashok Leyland wins another order from Bangladesh for 88 AC buses" -"Ashok Leyland to supply 35 buses to North Bengal State Transport Corporation". -"Ashok Leyland supplies 100 `Falcon' buses to Ghana, Order worth USD 7.6 million". 2013 - Ashley Services Limited (ASL) has become a wholly owned subsidiary of Ashok Leyland Ltd. -Ashok Leyland bags contract for about 2,610 buses for an undisclosed amount from the Institute of Road Transport (IRT), Tamil Nadu which is a nodal organisation that obtains buses for all state transport corporations. -Ashok Leyland opens 3 dealer outlets in a day to significantly expand network presence in Gujarat. - Ashok Leyland inaugurated Ashok Leyland's new Driver Training Institute (DTI) at Chhindwara. -Ashok Leyland launches `Luxura Magical India' Bus, in support of `Charter for Charity'. 2014 -Ashok Leyland, flagship of the Hinduja Group, launched two new Light Commercial Vehicles (LCV) - PARTNER truck, India's first air-conditioned LCV goods vehicle and MiTR bus. -Ashok Leyland Ltd., flagship of the Hinduja Group, launched `JanBus' - the world's `first', fully-flat floor, front-engine bus with single-step entry and air suspension in Kolkata. -Company has bagged a contract from the Ministry of Tourism & Hospitality Industry, Government of Zimbabwe for supply of 670 vehicles valued at approx. USD 50 million. -"Ashok Leyland receives an order for 2,200 buses from the Government of Sri Lanka". -"Ashok Leyland bags major projects from Africa worth USD 79.2 mn". -"Ashok Leyland sign a MoU with Bank of Maharashtra for vehicle financing". 2015 -Ashok Leyland has tied up with Lakshmi Vilas Bank to provide finance to its commercial vehicle buyers -Ashok Leyland wins order for buses worth 82 mn USD from Senegal -Ashok Leyland wins contract for 3600 vehicles worth $200Mn from Cote D'Ivoire -Ashok Leyland inaugurated a new dealership M/s. Makroo Motor Company in Srinagar -Ashok Leyland signed a Memorandum of Understanding (MoU) with The South Indian Bank -Ashok Leyland opens a new dealership in Hosapete, Karnataka -Ashok Leyland opens a new dealership in Mangaluru, Karnataka -Ashok Leyland inaugurates a state-of-the-art workshop in Riyadh 2016 -Ashok Leyland wins defence contract worth Rs 800 cr -Ashok Leyland bags order for supplying 3,600 buses -Ashok Leyland gets board nod for merger of Hinduja Foundries ltd -Ashok Leyland launches 'Circuit' Series-first Electric Bus Made in India -Ashok Leyland receives prestigious Deming prize -Ashok Leyland acquires LCV business from Nissan Motor Corporation -Ashok Leyland launches its next generation school bus - SUNSHINE - in Vijayawada. 2017 -"Ashok Leyland bags an order worth Rs. 70.35 Cr". -"Ashok Leyland to revolutionise the trucking industry with the launch of 'GURU' and the Next Generation 'PARTNER'". -"Ashok Leyland bags order for 3019 Buses from KSRTC". -"Ashok Leyland's iEGR technology attracts INR 120 Cr Order from Rivigo". -"Ashok Leyland Defence Systems signs MoU on cooperation with Russia's Rosoboronexport and ELCOM". 2018 - Ashok Leyland partners with Phinergy to work on electric CVs - Ashok Leyland bags order from Ministry of Defence - Ashok Leyland, HPCL launch co-branded fuel card - Ashok Leyland bags order for supplying 147 buses to Burkina Faso - Ashok Leyland extends its `Road to School' program to another 102 Schools - Ashok Leyland expands its Network through a New Service Facility of IFAD AUTOS 2019 - Ashok Leyland partners with Axis Bank - Ashok Leyland partners with ICICI Bank - Ashok Leyland bags order for 1750 Buses from Tamil Nadu State Transport Undertakings - Ashok Leyland bags order from GSRTC to supply 1,290 buses - Ashok Leyland corporate office gets LEED certification - Ashok Leyland Developing new modular platform for future medium, heavy products from next year 2020 - Ashok Leyland subsidiary Optare recognised as OEM of the year at EVIEs Awards - Ashok Leyland expands LCV portfolio with the launch of 'BADA DOST' - Ashok Leyland partners ABB Power Products for electric bus development - Ashok Leyland launches BOSS LE and LX Trucks 2021 - Ashok Leyland Unveils Smart Transport Solutions in Oman Launches Falcon Super & Gazl - Ashok Leyland launches AVTR 4120 - India's first 4-axle Truck with 40.5 ton Gross Vehicle Weight - Ashok Leyland Delivers Light Bullet Proof Vehicles to Indian Air Force in collaboration with Lockheed Martin - Ashok Leyland launches its all new ecomet STAR in the ICV Category - Ashok Leyland launches Ultra Low Floor CNG BS VI Buses Delivers first batch to IndiGo 2022 -Ashok Leyland launches AVTR 4825 10x2 Tipper with Tandem dummy axle. -Ashok Leyland strengthens its presence in Karnataka, opens 4 Dealerships in the state. -Ashok Leyland launches India's first 9-speed AMT Tipper - AVTR 2825. -Ashok Leyland inaugurated a new dealership, Ahuja Automobile in Korba, the power capital of Chhattisgarh. -Ashok Leyland expands and strengthens its presence in Southern Africa. -Ashok Leyland announces financing tie up in Kenya for vehicle financing, as channel partner Deluxe Trucks and Buses inks agreement with Kenya Commercial Bank 2023 -Ashok Leyland unveils cutting-edge 'AL-H6 Engine - CEV Stage V' along with other innovative products at EXCON 2023'. -Ashok Leyland to invest Rs.1200 cr into Switch Infusion to fund expansion of product portfolio, R&D & Operations. -Ashok Leyland expands product offering in CNG, launches truck in 18.5 tonne segment. -Ashok Leyland bags Defence orders worth Rs. 800 Cr. -Ashok Leyland entered into a strategic partnership with Cholamandalam Investment and Finance Company Ltd to offer financing to dealers.

1948 - The Company was Incorporated on 7th September, at Chennai. The Company Manufacture Comet chassis and Leyland `Tiger' and `Titan' chassis and Leyland diesel engines. 1951 - In July, 1,00,000 `B' Right Equity shares and in December, 1,00,000 `A' and 1,00,000 `B' equity shares offered. 133571 `A' equity shares subscribed for out of 1948 issued and July 1951 right issue; 22159 `B' shares subscribed for out of December 1951 rights issue. 1952-55 - Further 6321 `A' equity and 948 `B' equity shares of 1951 issue subscribed. All converted into Rs 5 face value. 1955 - The name of the Company was changed from Ashok Motors Ltd., to Ashok Leyland Ltd. in July. Ashok Leyland Motors Ltd., are the associates of the Company. 1956 - In June, 4 lakh shares allotted to Leyland motors. In Nov. 11 lakh share issued at par 15,03,456 shares as rights in prop. 19:40 & 5,96,544 shares to Leyland motors to maintain their holding at 40%. 1957 - 9,88,688 issued at par to public in August 1957. 11,312 shares reserved for allotment to Leyland motors to hold their level below 49%. 1959 - In May, 25 lakh right shares offered at par in prop. 5:8 of this Leyland Motors were eligible for 12.25 lakh shares. 1960-63 - In December 34.45 lakh equity shares issued at par. 6.63 lakh shares as rights in prop. 1:5 and 27.82 lakh shares to Leyland Motors to keep their holding between 60%. 1963 - In October 11.05 lakh shares issued out of which 6,62,777 shares offered at par to Leyland Motors to be allotted from time to time. The balance offered as rights to other members in prop. 1:9. 1965 - In May, 44,18,984 shares issued at par of which 26,51,110 shares offered to Leyland Motors against plant and machinery supplied by them. The balance offered as rights to other members in prop. 2:5. 1975 - 31,15,404 bonus shares issued in prop. 1:15. 1978 - 93,46,217 bonus shares issued in prop. 1:2. 1979 - In February, the Company made a public issue of 49,61,349 No. of equity shares of Rs 5 each at a premium of Rs 3 per share. - 4961349 shares issued (prem. Rs 3 per shares) 2,48,049 shares reserved and allotted on a firm basis to employees and business associates of the company and 47,13,300 shares for public subscription during February 1979. 1980 - In collaboration with Leyland Vehicles, Ltd., the Company embarked on a programme of manufacture of integral buses. The R&D division was also engaged in developing a new vehicle prime mover with turbocharged engine which in operation with a Tandem-Axle trailer, would enable a GTW of 26T. - The Company also developed a longer integral bus with larger seating capacity. A technical collaboration agreement was entered into for the manufacture of synchromesh transmissions to the designs of Azhnradfabrik Friedrichschafen AG of West Germany. 1981 - Shares of Rs 5 each consolidated on 7.12.1981. 1982 - Prototypes of a 36' long integral bus and articulated bus for city applications were built. 1983 - The Company entered into an agreement for a joint venture in Sri Lanka for the assembly and progressive manufacture of Ashok-Leyland vehicles. - ACL proposed to create facilities for body building and assembly of panels for front-end structures for truck and business in order to cater to the requirements. - The Company entered into a technical collaboration with Hino Motor, Ltd., Japan for their `W' series engines. - Land-Rover Leyland International Holdings, Ltd., ceased to be a holding company of the Company from 1st November. 1984 - During April-May, the Company offered the following convertible and non-convertible redeemable debentures, all of the face value of Rs 100 each, for cash at par to the resident Indian equity shareholders on a rights basis for an aggregate nominal value of Rs 32.60 crores; (a) 8,15,000 - 13.5% Series III-A secured convertible. (b) 16,30,000 - 13.5% Series III-B Secured Convertible. (c) 8,15,000 - 15% Series III-C Secured non-convertible with options of cumulative and non-cumulative schemes for payment of interest. - The basis of offer was one block of debentures for every 10 equity shares and every shareholders holding less than 10 equity shares was entitled to receive a minimum of one block of debenture. One block of debenture comprises the following: - One III-A Series debentures of Rs 100 each; Two III-B Series debentures of Rs 100 each and One III-C Series debentures of Rs. 100 each. - The Company has an obligation to convert Rs 36 per debenture out of Rs 100 as follows: (a) In the case of III-A Series debentures, two equity shares of Rs 10 each at a premium of Rs 8 per share to be allotted on 1.11.1984. (b) In the case of III-B Series debentures, two equity shares to Rs 10 each a premium of Rs 8 per share to be allotted on 1.1.1986. 1986 - DGTD registration for the manufacture of metal cutting and grinding machines at the Hosur and Alwar plants was obtained. - A prototype of a rear engine bus chasis according to the specifications laid down by special working group for use in State Transport Undertakings was acknowledged by the latter during the year. - The Company issued 10,00,000 - 13.5% secured non-convertible debentures - series IV, redeemable at 5% premium on 14th March, 1993. 1987 - The "Intermediate" vehicle with 4-cylinder HINO engine was introduced in the market under the brand name "CHITAL". A test track for endurance testing of vehicles was also commissioned. 1989 - The Company introduced Normal Control (bonnetted) vehicle. With access to superior IVECO technology, the Company was evaluating various contemporary product options that were relevant to the requirements of Indian road transport industry. - During July-August, the Company, offered 26,04,233 - 12.5% convertible debentures (Series V) of Rs 150 each to Indian resident shareholders as Rights in the proportion 1 debenture : 5 equity shares held. (all were taken up). Additional 3,88,226 debentures were allotted to retain oversubscription. - Another 1,30,212 - 12.5% debentures were also issued to employees of the Company (only 38,100 debentures were taken up). The unsubscribed portion of 92,112 debentures was allowed to lapse. - Rs 70 of the face value of each debenture was compulsorily converted into two equity shares of Rs 10 each at a premium of Rs 25 per share on 1.1.90. - Rs 80 of the face value of each debenture was to be redeemed at par in five equal annual instalments at the end of 5th, 6th, 7th, 8th and 9th years from the date of allotment of debentures. - 60,61,118 shares allotted (prem. Rs 25 per share) on conversion of V series debs. on 1.1.90. 38,91,858 shares were allotted to NRIs (prem. Rs 25 per shae) to maintain their percentage of shareholding in the company. 1990 - A 25 tonnes three axled 6 x 6 articulated clump trunk was developed. - Effective from 1st March, Ductron was merged with the Company. As per the scheme of amalgamation, the shareholders of Ductron Castings were allotted without payment in cash, one equity share of Ashok Leyland, Ltd. for every 3 equity share held by them in the erstwhile Ductron Castings Ltd. Accordingly 1,53,333 equity shares were allotted. 1991 - The Company offered 96,16,226 - 14% secured redeemable partly convertible debentures (Series VIII) of Rs 200 each aggregating Rs 192.32 crores to the existing equity shareholders in the proportion of 1 debenture for every 2 equity shares held. - Another 4,80,812 - 14% partly convertible debenture of Rs 200 each were offered to the employees (including working directors) on equitable basis. Additional 14,42,429 debentures to the equity shareholders and additional 72,121 debentures to the employees were allotted to retain oversubscription. - The non-convertible portion of Rs 100 of each debenture would be redeemed at par in three annual instalments of Rs 35, Rs 35 and Rs 30 at the end of the 7th, 8th and 9th years respectively from the date of allotment of the debentures. - Simultaneously with the offer of 14% partly convertible debentures, the Company offered 128,78,436 equity shares of Rs 10 each at a premium of Rs 40 per share to non-resident shareholders in the proportion of 1:1, in order to maintain their existing percentage of shareholding in the Company. - Ductron Castings, Ltd., had become sick under the provisions of the Sick Industrial Companies (Sp. Provisions) Act 1985. 1992 - 116,11,585 No. of Equity shares allotted (prem. Rs 40 per share) on part conversion of VIII series debs. on 11.5.92. Another 73,96,687 shares allotted to NRIs on 11.5.92. 1993 - A 6 x 2 truck model was launched during the year. - With a view to increasing the shareholding of the collaborators LRLIH Ltd. to 51%, the Company allotted 171,00,000 No. of equity shares of Rs 10 each at a premium of Rs 40 per share on 29th September. 1994 - The Company issued 10,771,908 GDRs at an issue price of US $ 12.79 per GDR for a total value of US $137.773 millions. Each GDR represents 3 equity shares of Rs 10 each. - 32,315,724 shares issued through GDRs. - The Company entered into a technical collaboration with Hino Motor, Ltd., Japan for ther `W' series engines. 1998 - As at 31st March, the Company held 14,26,854 No. of Equity shares of Rs 10 each of Ennore Foundries, Ltd. - As on 31st March, sums of Rs 174.65 crores and Rs 50.72 crores were outstanding against term loans from financial institutions and banks respectively. - Ashok Leyland has introduced "The Panther", a low floor bus which has been indigenously designed to cater to the needs of the common masses and is based on the parameters set by the Central Institute of Road Transport and the Association of State Road Transport Undertakings. - Ashok Leyland Ltd., the commercial vehicles major, has entered into an agreement with the leading US-based management consultant, A T Kearney, to kick-start the process re-engineering work in the company's various production units. - Ashok Leyland Limited is developing a new range of low floor chassis in the passenger vehicle sector for more convenient urban transportation. - Ashok Leyland Ltd (ALL) is introducing its latest hi-tech product, Panther into the Delhi Transport Corporation's (DTC) fleet. - The ministry of defence's vehicle factory in Jabalpur has signed manufacturing agreements with Ashok Leyland and Tata Electric and Locomotives Company (Telco) recently. - The commercial vehicle industry suffered severely due to the unprecedented slow down of the Indian economy. 1999 - The company would enter into an alliance with dealers of tractor on a temporary basis. The company was talking to tractor manufacturers including Mahindra & Mahindra, Eicher, TAFE, and Punjab Tractors in this connection. - Hinduja group flagship company Ashok Leyland recently signed a memorandum of understanding with the Punjab government to set up a driving training institute at Rajpura in Punjab. 2000 - The Company launched of two interactive Internet initiatives, one for domestic parts operations and the other for exports. - Ashok Leyland has announced a voluntary retirement scheme for its `unionised staff'. - The Company has will hive-off its engines division to a joint venture with Iveco, which is a subsidiary of Fiat of Italy. - ALIT Inc, a 100 per cent subsidiary of Ashok Leyland Information Technology Ltd, has signed a contract to provide software services to a top Fortune-listed company. - Ashok Leyland Ltd (ALL) and Maruti Udyog Ltd have been selcted for the IRTE National Award, in recognition of their efforts towards promoting the cause of road safety, traffic managemen and environment protection. 2001 - Commercial vehicles manufacturers Ashok Leyland Ltd, Sundaram Industries Ltd. and Irizar of Spain have formed a joint venture company - Irizar TVS Ltd for bus body building. The JV company has been set up with a paid-up capital of Rs 75 lakhs with equal contribution from the three partners. - Ashok Leyland's Ennore unit has received ISO 14001 certification for its environment management system from Indian Registrar Quality Systems. - The Company has crossed its first milestone in setting up an environmental management system with its Ennore plant obtaining the ISO-14001 certification from the Indian Register Quality Systems. - The hinduja group flagship Ashok Leyland has chosen Compaq as the most preferred vendor in building an end-to-end IT infrastructure covering all operations of the company. - Ashok Leyland, a flagship company of Hinduja group, has withdrawn from the race for wresting control of oil marketing PSU IBP. - Ashok Leyland Ltd (ALL), the second largest commercial vehicle manufacturer, has unveiled two more variants of its existing models - the self loading truck and the gullwing container - in a bid to boost its sales. - Ashok Leyland Ltd (ALL) has reported a 3 per cent increase in net sales to Rs 637.46 crore for the second quarter ended September 2001. - Ashok Leyland, which is half way through its borrowing programme for this year, proposes to raise Rs 100 crore by December. So far this year, the company has raised Rs 95 crore. - Ashok Leyland. According to corporate circles, about 15 companies have recognised the need for rewarding non-executive directors by way of commission. 2002 - Ashok Leyland Ltd has informed that Mr G Boschetti ceased to be a Director on our Board. Mr Marc Petit also ceased to be an Alternate Director to Mr G Boschetti.Mr R Sorce has been appointed as a Director in the place of Mr G Boschetti. -R Seshasayee reappointed as Managing Director of Ashok Leyland. - Ashok Leyland forms an `automotive electronics group' within its Product Development Division, to explore technologies for developing Euro-3 and Euro-4 compliant engines. -Ashok Leyland Ltd has informed that the Board approved:1. Mr S R Krishnaswamy, Executive Director, LIC has been appointed as Nominee Director of LIC in the place of Mr P A Balasubramanian.2. Mr Matta Luigi of IVECO Spa, Italy has been appointed as an alternate Director to Mr R Sorce. -Ashok Leyland Ltd has informed that the following changes have taken place in the composition of the BOD w.e.f. October 25, 2002: 1) Mr. R Sorce has ceased to be Director of the company. 2) Mr. Marco Bianchi has been appointed as a Director. 3) Mr. Matta Luigi who was hitherto Alternate Director to Mr. R Sorce has been appointed as Alternate Director to Mr. Marco Bianchi. 4) Mr. B D Punjabi who was hitherto Alternate Director to Mr. A K Das has been appointed as Alternate Director to Mr. F Sahami. 5) Mr. I N Chatterjee has been appointed as an Alternate Director to Mr. A K Das. 2003 -Leyland has reported a 70% increase in its sales. -Ashok Leyland set to increase 'Hino' engine platform through in-house product development, to deliver higher horsepower in tune with improving road infrastructure. -Ashok Leyland Ltd has supplied 25 buses to Afghanistan Which is a part of Indian Government's Assistance to the war-ravaged Afghanistan. -Mr.Arun Pande has been appointed as Executive Director - Marketing. -Leyland bagged $46 million truck supply contract from the United Nations. -Ashok Leyland launhes fuel-efficient Hino H series engine -D G Hinduja has elected as Vice Chairman. 2004 -Arun Pande resigns from Ashok Leyland -Ashok Leyland unveils new range of buses and trucks in a bid -launches Ecomet, a light commercial vehicle, in the Andhra Pradesh market -Ashok Leyland's Hosur unit bags CII's awards in safety, health and environment -Ashok Leyland Ltd (ALL) and Indian Oil Corporation (IOC) have joined hands to offer freight management services across the country - Ashok Leyland Ltd signs a collaboration agreement with ZF of Germany for local manufacturing of ZF's 9-speed synchromesh gearbox. -Wipro Infotech has signed up with Ashok Leyland for strategic cost reduction -Partners with IIT-B to train employees -ALL unveils Funbus for underprivileged kids - Ashok Leyland Limited chooses product suite of MatrixOne India, subsidiary of Scandent Solutions Corporation Ltd, to provide an end-to-end PLM (Product Lifecycle Management) solution for the company. -Ashok Leyland Ltd receives BS7799 certification for information security management system 2005 -Ashok Leyland rolls out 'H' series multi-axle vehicle -Gulf Oil, Ashok Leyland unveils co-branded oils 2006 -Ashok Leyland gets ISO/TS 16949 corporate certification - Ashok Leyland has unveiled its 20-ft extra loading vehicle Comet 1611 -Ashok Leyland forges alliance with French firm 2007 -Ashok Leyland, on June 22, has named Rajive Saharia as the new executive director-marketing of the company. - Ashok Leyland, Siemens VDO signs agreement to set up joint venture. -Ashok Leyland Ltd has signed a Heads of Agreement with Nissan Motor Co. Ltd, Japan for development, manufacture and marketing of LCV products. 2008 -Ashok Leyland to introduce concept bus at Auto Expo -Ashok Leyland produces new CNG engine for buses -Ashok Leyland buys stake in group co in Germany -Ashok Leyland entered into a joint venture with John Deere -Registered Office of the Company has been shifted From 19, Rajaji Salai, Chennai 600 001 To No.1, Sardar Patel Road ,Guindy,Chennai 600 032. 2009 -Ashok Leyland receives Rs 480-cr DTC order -Ashok Leyland to open four new outlets in Punjab 2010 - Ashok Leyland, the flagship company of Hinduja group, unveiled the country's first electric plug-in CNG hybrid bus, HYBUS, at the Delhi auto show. 2011 -Ashok Leyland to invest Rs 200 cr in product development -"Ashok Leyland to supply 700 Cluster CNG buses to Delhi" -Ashok Leyland forays in small commercial vehicle segment; launches “DOST” in JV with Nissan Motor. -Ashok Leyland has given the Bonus in the Ratio of 1:1 2012 -"Ashok Leyland wins another order from Bangladesh for 88 AC buses" -"Ashok Leyland to supply 35 buses to North Bengal State Transport Corporation". -"Ashok Leyland supplies 100 `Falcon' buses to Ghana, Order worth USD 7.6 million". 2013 - Ashley Services Limited (ASL) has become a wholly owned subsidiary of Ashok Leyland Ltd. -Ashok Leyland bags contract for about 2,610 buses for an undisclosed amount from the Institute of Road Transport (IRT), Tamil Nadu which is a nodal organisation that obtains buses for all state transport corporations. -Ashok Leyland opens 3 dealer outlets in a day to significantly expand network presence in Gujarat. - Ashok Leyland inaugurated Ashok Leyland's new Driver Training Institute (DTI) at Chhindwara. -Ashok Leyland launches `Luxura Magical India' Bus, in support of `Charter for Charity'. 2014 -Ashok Leyland, flagship of the Hinduja Group, launched two new Light Commercial Vehicles (LCV) - PARTNER truck, India's first air-conditioned LCV goods vehicle and MiTR bus. -Ashok Leyland Ltd., flagship of the Hinduja Group, launched `JanBus' - the world's `first', fully-flat floor, front-engine bus with single-step entry and air suspension in Kolkata. -Company has bagged a contract from the Ministry of Tourism & Hospitality Industry, Government of Zimbabwe for supply of 670 vehicles valued at approx. USD 50 million. -"Ashok Leyland receives an order for 2,200 buses from the Government of Sri Lanka". -"Ashok Leyland bags major projects from Africa worth USD 79.2 mn". -"Ashok Leyland sign a MoU with Bank of Maharashtra for vehicle financing". 2015 -Ashok Leyland has tied up with Lakshmi Vilas Bank to provide finance to its commercial vehicle buyers -Ashok Leyland wins order for buses worth 82 mn USD from Senegal -Ashok Leyland wins contract for 3600 vehicles worth $200Mn from Cote D'Ivoire -Ashok Leyland inaugurated a new dealership M/s. Makroo Motor Company in Srinagar -Ashok Leyland signed a Memorandum of Understanding (MoU) with The South Indian Bank -Ashok Leyland opens a new dealership in Hosapete, Karnataka -Ashok Leyland opens a new dealership in Mangaluru, Karnataka -Ashok Leyland inaugurates a state-of-the-art workshop in Riyadh 2016 -Ashok Leyland wins defence contract worth Rs 800 cr -Ashok Leyland bags order for supplying 3,600 buses -Ashok Leyland gets board nod for merger of Hinduja Foundries ltd -Ashok Leyland launches 'Circuit' Series-first Electric Bus Made in India -Ashok Leyland receives prestigious Deming prize -Ashok Leyland acquires LCV business from Nissan Motor Corporation -Ashok Leyland launches its next generation school bus - SUNSHINE - in Vijayawada. 2017 -"Ashok Leyland bags an order worth Rs. 70.35 Cr". -"Ashok Leyland to revolutionise the trucking industry with the launch of 'GURU' and the Next Generation 'PARTNER'". -"Ashok Leyland bags order for 3019 Buses from KSRTC". -"Ashok Leyland's iEGR technology attracts INR 120 Cr Order from Rivigo". -"Ashok Leyland Defence Systems signs MoU on cooperation with Russia's Rosoboronexport and ELCOM". 2018 - Ashok Leyland partners with Phinergy to work on electric CVs - Ashok Leyland bags order from Ministry of Defence - Ashok Leyland, HPCL launch co-branded fuel card - Ashok Leyland bags order for supplying 147 buses to Burkina Faso - Ashok Leyland extends its `Road to School' program to another 102 Schools - Ashok Leyland expands its Network through a New Service Facility of IFAD AUTOS 2019 - Ashok Leyland partners with Axis Bank - Ashok Leyland partners with ICICI Bank - Ashok Leyland bags order for 1750 Buses from Tamil Nadu State Transport Undertakings - Ashok Leyland bags order from GSRTC to supply 1,290 buses - Ashok Leyland corporate office gets LEED certification - Ashok Leyland Developing new modular platform for future medium, heavy products from next year 2020 - Ashok Leyland subsidiary Optare recognised as OEM of the year at EVIEs Awards - Ashok Leyland expands LCV portfolio with the launch of 'BADA DOST' - Ashok Leyland partners ABB Power Products for electric bus development - Ashok Leyland launches BOSS LE and LX Trucks 2021 - Ashok Leyland Unveils Smart Transport Solutions in Oman Launches Falcon Super & Gazl - Ashok Leyland launches AVTR 4120 - India's first 4-axle Truck with 40.5 ton Gross Vehicle Weight - Ashok Leyland Delivers Light Bullet Proof Vehicles to Indian Air Force in collaboration with Lockheed Martin - Ashok Leyland launches its all new ecomet STAR in the ICV Category - Ashok Leyland launches Ultra Low Floor CNG BS VI Buses Delivers first batch to IndiGo 2022 -Ashok Leyland launches AVTR 4825 10x2 Tipper with Tandem dummy axle. -Ashok Leyland strengthens its presence in Karnataka, opens 4 Dealerships in the state. -Ashok Leyland launches India's first 9-speed AMT Tipper - AVTR 2825. -Ashok Leyland inaugurated a new dealership, Ahuja Automobile in Korba, the power capital of Chhattisgarh. -Ashok Leyland expands and strengthens its presence in Southern Africa. -Ashok Leyland announces financing tie up in Kenya for vehicle financing, as channel partner Deluxe Trucks and Buses inks agreement with Kenya Commercial Bank 2023 -Ashok Leyland unveils cutting-edge 'AL-H6 Engine - CEV Stage V' along with other innovative products at EXCON 2023'. -Ashok Leyland to invest Rs.1200 cr into Switch Infusion to fund expansion of product portfolio, R&D & Operations. -Ashok Leyland expands product offering in CNG, launches truck in 18.5 tonne segment. -Ashok Leyland bags Defence orders worth Rs. 800 Cr. -Ashok Leyland entered into a strategic partnership with Cholamandalam Investment and Finance Company Ltd to offer financing to dealers.

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Parent Organisation

Ashok Leyland Ltd.

Founded

07/09/1948

Managing Director

Mr.Shenu Agarwal

NSE Symbol

ASHOKLEYEQ

FAQ

The current price of Ashok Leyland Ltd is ₹ 196.63.

The 52-week high for Ashok Leyland Ltd is ₹ 198.20 and the 52-week low is ₹ 195.52.

The market capitalization of Ashok Leyland Ltd is currently ₹ 57740.94. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy Ashok Leyland Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in Ashok Leyland Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase Ashok Leyland Ltd shares.

The CEO of Ashok Leyland Ltd is Mr.Shenu Agarwal, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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