Category: Ashok Leyland

Ashok Leyland strengthens its light commercial vehicle footprint with the launch of a new dealership in Siliguri.

Nov 21, 2024 | Ashok Leyland, Automobile

Ashok Leyland, a Hinduja Group company, has opened its fifth Light Commercial Vehicle (LCV) dealership in Bengal, increasing its distribution network to over 800 touchpoints. The new dealership, M/s Happie Trucking, is located on Eastern Bypass Road in Siliguri and features a sales showroom and workshop. The facility offers advanced tools, quick service bays, and a range of LCV products, including the popular BADA DOST, DOST, PARTNER, and MiTR. These vehicles are designed to cater to diverse customer needs with best-in-class performance, fuel efficiency, and payload capacity. The company’s head of LCV Business, Viplav Shah, emphasized Ashok Leyland’s commitment to customer satisfaction through robust products and a widespread service network. With over 5.5 lakh LCVs operating in India, this expansion demonstrates the company’s focus on accessibility and customer-centric growth.

Source: https://www.millenniumpost.in/bengal/ashok-leyland-expands-lcv-presence-with-new-dealership-in-siliguri-587511

Ashok Leyland and MP Gramin Bank collaborate to offer customized vehicle financing options for customers.

Nov 14, 2024 | Ashok Leyland, Automobile

Ashok Leyland, a leading Indian manufacturer of commercial vehicles, and MP Gramin Bank have partnered to offer vehicle financing solutions to customers. This collaboration aims to provide financial assistance to individuals and fleet operators who wish to purchase Ashok Leyland’s commercial vehicles. The bank will offer a range of financing options, including leasing and hire-purchase plans, to help customers access the vehicles they need to grow their businesses.
According to the agreement, the bank will provide financing options for Ashok Leyland’s entire range of products, including buses, trucks, and light commercial vehicles. The partnership is expected to benefit both parties by increasing the bank’s rural lending portfolio and Ashok Leyland’s sales network.
The partnership is expected to benefit the rural population, who often face difficulties in accessing financing options to purchase vehicles. The combination of Ashok Leyland’s expertise in manufacturing high-quality vehicles and MP Gramin Bank’s extensive branch network will provide customers with a convenient and accessible solution for their financing needs.
This partnership is a step towards promoting economic growth in rural India by providing an opportunity for people to upgrade their transportation needs and invest in their businesses.

Source: https://www.constructionweekonline.in/business/ashok-leyland-and-mp-gramin-bank-join-forces-for-vehicle-financing-solutions

Ashok Leyland teams up with Madhya Pradesh Gramin Bank to offer vehicle financing options.

Nov 13, 2024 | Ashok Leyland, Automobile

Ashok Leyland and Madhya Pradesh Gramin Bank have partnered to offer vehicle loans to customers. The partnership aims to provide convenient monthly repayment plans tailored to customers’ needs and preferences. The two parties will focus on elevating customer experience and offer comprehensive financing solutions with flexible repayment plans. This association enables the bank to extend its reach and provide tailored financing options to support the growth of businesses in the commercial vehicle segment.
Ashok Leyland’s head of Light Commercial Vehicle (LCV) business, Viplav Shah, highlighted the company’s dedication to serving the diverse financial needs of commercial vehicle customers. Madhya Pradesh Gramin Bank’s Chairman, R C Behera, expressed confidence that this collaboration will enable the bank to provide financing options to support the growth of businesses.
The partnership will enable Ashok Leyland and Madhya Pradesh Gramin Bank to offer customers more financing options and support their needs. This agreement aims to strengthen the bond between the two parties and cater to the growing demand for financing solutions in the commercial vehicle segment.

Source: https://money.rediff.com/news/market/ashok-leyland-partners-with-madhya-pradesh-gramin-bank-for-vehicle-finance/18353120241112

Outperforming Expectations: Analysts at Anand Rathi Retain Buy Rating on Ashok Leyland, Eyes Further Improvement in M&M Sales

Nov 12, 2024 | Ashok Leyland, Automobile

Ashok Leyland, an Indian automobile manufacturer, has reported its Q2 results, which have exceeded expectations. The company’s revenue grew by 44% year-on-year (YoY) to ₹7,444 crore, driven by a significant increase in demand for medium and heavy commercial vehicles (M&HCVs). The M&HCV segment, which accounts for a majority of the company’s revenue, saw a 54% YoY growth in demand. This is expected to continue, with Anand Rathi, a brokerage firm, retaining its “buy” rating on the stock. The firm expects the demand for M&HCVs to remain strong, driven by the government’s infrastructure development plans and the growth of the e-commerce sector. Ashok Leyland’s operating profit margins also improved, driven by cost savings and higher volumes. The company’s cash flow has improved, and its debt-to-equity ratio has decreased. Overall, the Q2 results are seen as a positive development for the company, and the stock is expected to perform well in the near term.

Source: https://www.ndtvprofit.com/research-reports/ashok-leyland-q2-results-review-far-better-mhcv-demand-expected-retaining-a-buy-anand-rathi

Allison Transmission and Ashok Leyland launch low-floor city buses in Tamil Nadu, catering to the region’s urban transportation needs.

Nov 11, 2024 | Ashok Leyland, Automobile

Allison Transmission and Ashok Leyland have collaborated to introduce low-floor city buses in Tamil Nadu, India. The new buses are designed to improve transportation in urban areas and offer a more comfortable and accessible ride for passengers. The low-floor buses are ideal for navigating narrow city roads and congested traffic. The buses are equipped with Allison’s 100/200 series transmissions, which provide smooth and reliable acceleration and braking. The buses also feature a modern, aerodynamic design and ergonomic seating for improved passenger comfort. The partnership aims to improve public transportation in Tamil Nadu and reduce congestion and pollution in urban areas. The buses are being produced at Ashok Leyland’s factory in Enathur, Tamil Nadu. The introduction of these low-floor city buses is expected to enhance the overall bus travel experience for passengers and contribute to the development of sustainable and efficient public transportation in the region.

Source: https://www.manufacturingtodayindia.com/allison-transmission-and-ashok-leyland-introduce-low-floor-city-buses-in-tamil-nadu

Q2 Results 2024 Highlights: SBI, LIC, Tata Motors, Ashok Leyland, MRF, Ola Electric, and others report key insights and updates.

Nov 8, 2024 | Ashok Leyland, Automobile, Tata Motors

Over 160 companies in India are set to declare their Q2 results on November 8, including major entities like State Bank of India (SBI), Life Insurance Corporation of India (LIC), Tata Motors, Ashok Leyland, MRF, Ola Electric, and M&M. Other companies expected to announce their results on the same day include Cochin Shipyard, Trent, Indian Hotels, NCC, IRCON, RVNL, and more. This surge in Q2 results is a significant event in the Indian business landscape, providing insights into the financial performance of these companies amidst the ongoing economic challenges. The results are being closely watched by analysts, investors, and the wider business community. The results are expected to provide a snapshot of the companies’ performance in terms of revenue, profit, and other key financial metrics. The announcements will help set the tone for the remainder of the year, with implications for the broader market.

Source: https://www.thehindubusinessline.com/companies/2024-q2-results-highlights-sbi-lic-tata-motors-ashok-leyland-mrf-ola-electric-08-november-2024/article68842373.ece

Allison Transmission and Ashok Leyland have launched state-of-the-art, fully automatic, low-floor city buses in Tamil Nadu.

Nov 7, 2024 | Ashok Leyland, Automobile

Allison Transmission, a leading global provider of commercial vehicle automatic transmissions, has partnered with Ashok Leyland, a leading commercial vehicle manufacturer in India, to introduce low-floor city buses with fully automatic transmissions in Tamil Nadu, India. The new 12-meter diesel buses, manufactured by Ashok Leyland, will be equipped with Allison Torqmatic Series transmissions, designed for city and suburban buses. The buses, with stepless-entry, are designed to improve accessibility for passengers, including those with disabilities, and will replace older buses with manual transmissions. The partnership aims to improve public transportation in Tamil Nadu and is part of Allison’s efforts to expand the use of fully automatic transmissions in India. The partnership will also support Ashok Leyland’s commitment to providing advanced transportation solutions.

Source: https://www.autocarpro.in/news/allison-transmission-and-ashok-leyland-introduce-fully-automatic-low-floor-city-buses-in-tamil-nadu-123420

apanese manufacturer Ashok Leyland introduces its latest line of low-floor city buses, now equipped with Allison’s advanced automatic transmissions, in the state of Tamil Nadu.

Nov 3, 2024 | Ashok Leyland, Automobile

Allison Transmission has partnered with Ashok Leyland to introduce the first low-floor city buses with fully automatic transmissions in Tamil Nadu, India. The 12-meter stepless-entry diesel buses are equipped with Allison’s Torqmatic Series transmissions, specifically the T 280 model, and powered by Ashok Leyland’s H-series six-cylinder four-valve engine. This marks a shift from manual to automatic transmissions, enhancing accessibility and improving passenger experience, especially for those with disabilities. The partnership aims to lead the transition to fully automatic transmissions in India and solidify Allison Transmission’s leadership in the low-floor city bus segment. The buses are assembled at Allison’s manufacturing facility near Chennai. The move is expected to bring enhanced reliability, smoother operations, and better accessibility to public transportation.

Source: https://www.mobilityoutlook.com/news/ashok-leyland-unveils-low-floor-city-buses-with-allisons-automatic-transmissions-in-tn/

Ashok Leyland and Nidec join forces to revolutionize India’s commercial electric vehicle landscape with cutting-edge E-drive motors.

Oct 21, 2024 | Ashok Leyland, Automobile

Ashok Leyland, a leading commercial vehicle manufacturer, has partnered with Nidec, a Japanese company specializing in electric motors and electronics, to develop and manufacture advanced electric drive (E-drive) motors for commercial electric vehicles (EVs). The partnership aims to further boost the adoption of EVs in the Indian market. Under the agreement, Nidec will supply E-drive motors to Ashok Leyland for their upcoming range of electric buses, trucks, and light commercial vehicles. The E-drive motors will be designed to provide higher efficiency, lower noise levels, and improved performance compared to traditional internal combustion engine-based vehicles. The partnership will also help Ashok Leyland to reduce its carbon footprint and comply with forthcoming emission regulations. The E-drive technology will be rolled out in a phased manner, starting with the introduction of electric buses in 2023. The partnership is expected to enable Ashok Leyland to offer more sustainable and environmentally friendly transportation solutions to its customers.

Source: https://www.manufacturingtodayindia.com/ashok-leyland-nidec-partner-to-boost-commercial-evs-with-advanced-e-drive-motors

Tamil Nadu’s Mega Job Fair Awaits on October 19, with Top Companies Like Ashok Leyland, Delta Electronics and TVS Lining Up to Participate

Oct 18, 2024 | Ashok Leyland, Automobile, TVS

The Tamil Nadu government is hosting a mega job fair on October 19, which will feature a range of companies from various sectors, including automotive, electronics, and more. The job fair will provide a platform for job seekers to connect with prominent companies and explore employment opportunities. Participating companies include:
* Ashok Leyland, a leading manufacturer of commercial vehicles
* Delta Electronics, a leading manufacturer of electronic components and solutions
* TVS, a prominent manufacturer of electric scooters and auto rickshaws
* HCL Technologies, a leading IT services provider
* Sterlite Technologies, a leading manufacturer of communication and networking products
* Larsen & Toubro, a leading construction and infrastructure company
* Flex, a global manufacturer of electronic components and solutions
The job fair will be held at the Indian Bank Officer’s Training College in Chennai. The event is expected to attract thousands of job seekers, and registrations for the fair will be open until October 15. The event aims to bridge the gap between job seekers and employers, providing an opportunity for both parties to connect and explore new opportunities.

Source: https://news.google.com/rss/articles/CBMi-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?oc=5&hl=en-SG&gl=SG&ceid=SG:en

Ashok Leyland aims to roll out its first hydrogen-powered trucks within the next two years, according to a report by Hydrogen Insight.

Oct 10, 2024 | Ashok Leyland, Automobile

According to recent reports, Indian vehicle manufacturer Ashok Leyland plans to produce the first hydrogen-engine trucks within the next two years. This move is part of the company’s efforts to reduce its carbon footprint and contribute to a more environmentally friendly transportation sector. In recent years, Ashok Leyland has already started exploring alternative fuel options, including electric vehicles. Just last year, the company delivered a fleet of 180 electric trucks and tractor units to BillionE Group, a major logistics firm in India. The move towards hydrogen-powered trucks marks the next step in the company’s sustainability journey, with the aim of reducing emissions and meeting increasingly stringent environmental regulations. With an estimated launch timeline of 18-24 months, Ashok Leyland’s foray into hydrogen engine trucks is expected to mark a significant milestone in India’s transition towards cleaner fuels.

Source: https://nhst.auth.zephr.com/zephr/sso?siteRequestUrl=http%3A%2F%2Fwww.hydrogeninsight.com%2Ftransport%2Fashok-leyland-to-produce-first-hydrogen-engine-trucks-within-two-years-report%2F2-1-1722076