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Search+HomeETPrimeMarketsMarket DataNewsIndustryRisePoliticsWealthMFTechCareersOpinionNRIPanacheLuxuryVideosMore MenuBusiness News›hcvs SEARCHED FOR:HCVSAshok Leyland total sales fell 9% to 15,310 units in Oct

Ashok Leyland total sales fell 9% to 15,310 units in Oct

Ashok Leyland, a prominent commercial vehicle manufacturer, experienced a 9% decrease in total vehicle sales for October, dropping to 15,310 units from 16,864 a year ago. Sales of medium and heavy commercial vehicles fell 8%, while light commercial vehicles saw a 12% decline. Domestic sales also dropped 11% compared to the same period last year.

04 Nov, 2024, 12:27 PM ISTStay with select few with tailwinds of either restructuring or demand: 5 large-cap stocks from different sectors with an upside potential of 35%

Stay with select few with tailwinds of either restructuring or demand: 5 large-cap stocks from different sectors with an upside potential of 35%

When it comes to large-caps, we think of Reliance, TCS, L&T or Infosys. The fact, however, is that these are not large-caps – they are mega-caps. The recent past has seen the emergence of new stars in the large-cap universe. Companies where policy changes have brought in tailwinds for growth. Or where restructuring has meant more efficient operational parameters and capital allocation. For example, a pharma firm making an audacious bet by taking over a large company. The chances of success are high as the promoters have experience of building a pharma business from scratch. So, stay with select stocks where growth is unlikely to be an issue. The valuation part of the narrative will follow.

02 Nov, 2024, 03:07 PM ISTAbout 1.1 mn old medium & heavy CVs offer significant potential for scrappage: ICRA

About 1.1 mn old medium & heavy CVs offer significant potential for scrappage: ICRA

India's Vehicle Scrappage Policy targets around 1.1 million commercial vehicles over 15 years old, aiming to boost replacement demand and modernise fleets. Despite benefits like reduced air pollution and raw material costs, challenges include limited scrapping facilities and awareness. An additional 5.7 lakh vehicles may reach the 15-year age by 2027, enhancing potential replacement.

08 Oct, 2024, 06:00 PM ISTAshok Leyland says commercial vehicle sales drop 10pc in September

Ashok Leyland says commercial vehicle sales drop 10pc in September

In September, Ashok Leyland witnessed a 10% decline in overall sales, including exports, at 17,233 units. Medium and heavy commercial vehicle sales dropped by 13%, while light commercial vehicle sales also saw a reduction. Domestic sales fell by 12% year-on-year, amounting to 16,041 vehicles.

01 Oct, 2024, 02:21 PM ISTKross set for Monday debut. Check GMP to know the potential listing price

Kross set for Monday debut. Check GMP to know the potential listing price

Kross Ltd's shares are set to debut on the stock exchanges this Monday, following a strong response to their recent IPO. Currently, the shares are trading at a grey market premium (GMP) of Rs 24.5. Given that the upper price band for the shares is Rs 240, they are expected to list at a 10% premium over the issue price.

15 Sep, 2024, 10:34 AM ISTAim to shift a third of trucks to LNG in 5-7 Years: Oil Ministry

Aim to shift a third of trucks to LNG in 5-7 Years: Oil Ministry

The Indian government aims to have liquefied natural gas (LNG) power a third of the country's long-haul heavy-duty vehicle fleet within 5-7 years, with plans to use domestic gas for this initiative. The proposal includes stabilizing LNG prices by allocating 0.5 million metric standard cubic meters per day of domestic gas for the next three years, sufficient to support 50,000 trucks.

07 Sep, 2024, 12:50 AM IST
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  • Go To Page 1Tata Motors to raise commercial vehicle prices by up to 2% from July 1

    Tata Motors to raise commercial vehicle prices by up to 2% from July 1

    Tata Motors announced through an exchange filing on Wednesday that it will implement a price hike of up to 2% on its commercial vehicles starting July 1, 2024. This adjustment is a response to rising commodity prices, intended to counter their impact.

    19 Jun, 2024, 12:09 PM ISTIndian auto industry poised to reach USD 300 Billion by 2026; Revving up for innovation and expansion

    Indian auto industry poised to reach USD 300 Billion by 2026; Revving up for innovation and expansion

    India's auto market aims for a USD 300 billion milestone by 2026, backed by rising income levels and urbanization. The industry showcases robust production figures and significant FDI inflow, positioning itself as a global automotive hub with a promising future.

    27 Apr, 2024, 12:14 PM ISTAuto retails jump 21% in December; CY23 growth in double digits: FADA

    Auto retails jump 21% in December; CY23 growth in double digits: FADA

    In December, automobile retail sales recorded a 21% YoY growth, as per data from the Federation of Automobile Dealers Associations (FADA). Two-wheelers (2W) witnessed a notable surge of 28%, three-wheelers (3W) grew by 36%, and passenger vehicles (PV) saw a steady increase of 3%. Tractor and Commercial Vehicle (CV) sales also rose by 0.2% and 1.3%, respectively.

    08 Jan, 2024, 02:36 PM ISTVehicle retail sales in India surge 21.14% in December, two-wheeler segment leads growth

    Vehicle retail sales in India surge 21.14% in December, two-wheeler segment leads growth

    According to data collected from the VAHAN portal of the Ministry of Road, Transport & Highways (MoRTH) by the Federation of Automobile Dealers Association (FADA), a total of 1,990,915 vehicles were sold last month. This represents a growth of 21.14% compared to the 1,643,514 units sold in the same period the previous year.

    08 Jan, 2024, 02:13 PM ISTKross Ltd filed draft papers with SEBI for Rs 500 crore IPO; here are the details

    Kross Ltd filed draft papers with SEBI for Rs 500 crore IPO; here are the details

    The Rs 500 crore worth IPO comprises fresh issue worth up to Rs 250 crore, and an offer for sale aggregating upto Rs 250 crore by the promoters – Sudhir Rai and Anita Rai.

    02 Dec, 2023, 04:49 PM ISTWill the next leg of the rally see sectoral churn? Siddhartha Khemka answers

    Will the next leg of the rally see sectoral churn? Siddhartha Khemka answers

    “Real estate companies have registered the second best quarter ever despite Q2 being considered a weak quarter because of the monsoon season and we have seen a lot of the bookings happening in the festive season which was in Q3. We have seen back-to-back quarters of very strong pre-sales data from most of the real estate companies.”

    30 Nov, 2023, 09:20 AM ISTJefferies raises target price for Eicher Motors, says time ripe to buy stock

    Jefferies raises target price for Eicher Motors, says time ripe to buy stock

    The stock has been a laggard and underperformed not just the sector but also the Nifty index, giving negative returns of 0.70% over the past 12 months. While the Nifty Auto index has rallied 24% during this period, the broader Nifty50 has yielded 15% gains.

    26 Sep, 2023, 12:57 PM ISTSBI, Tata Motors top picks post Q1 results; experts see over 20% upside in 12 months

    SBI, Tata Motors top picks post Q1 results; experts see over 20% upside in 12 months

    The auto, O&G, and banks (private and PSU) are expected to be the key growth drivers with 77%, 56%, and 30% YoY earnings growth, respectively, and are likely to contribute 71% to earnings growth.

    21 Aug, 2023, 11:59 AM ISTExpect commercial vehicle industry to grow by 8-10 per cent this fiscal: Ashok Leyland

    Expect commercial vehicle industry to grow by 8-10 per cent this fiscal: Ashok Leyland

    Ashok Leyland expects the domestic commercial vehicle industry to grow by 8-10 per cent this fiscal aided by record government spending on infrastructure projects and strong replacement demand emanating from core industries. In his address to shareholders in the company's Annual Report for 2022-23, Ashok Leyland Chairman Dheeraj G Hinduja said the commercial vehicle sales this fiscal were expected to exceed the previous peak attained in 2018-19.

    28 Jun, 2023, 05:34 PM ISTHere's why Anshul Saigal is bullish on the auto sector

    Here's why Anshul Saigal is bullish on the auto sector

    In our judgment, over the last six-seven years, pharma has actually gone nowhere and all the negatives that this sector has seen, both in terms of volume contraction as also prices coming down particularly in the export market, those have played out in stock prices.

    21 Jun, 2023, 07:01 AM ISTFlash joins hands with GEM motors to develop electric motors

    Flash joins hands with GEM motors to develop electric motors

    With the flexible and modular motor design, the company can provide motors with customisation, in a faster turnaround time, Pune-based Flash said in a statement.

    06 Feb, 2023, 01:41 PM ISTMahindra's Truck and Bus Division announces 'Get More Mileage or Give Truck Back' scheme

    Mahindra's Truck and Bus Division announces 'Get More Mileage or Give Truck Back' scheme

    "The 'Get More Mileage or Give Back Truck' Guarantee across the range of trucks is a landmark move for the light, intermediate and heavy commercial vehicle industry. Given the spiralling fuel prices, there wasn't a better time to introduce this customer value proposition," Veejay Nakra, chief executive officer (automotive sector) of Mahindra & Mahindra Ltd, said.

    17 Jan, 2022, 05:24 PM ISTAshok Leyland sales slip 2% to 10,480 units in Nov

    Ashok Leyland sales slip 2% to 10,480 units in Nov

    Hinduja flagship firm Ashok Leyland on Wednesday reported a 2 per cent decline in total commercial vehicle sales to 10,480 units in November 2021. The company had sold 10,659 units in the same month last year, Ashok Leyland said in a regulatory filing.

    01 Dec, 2021, 01:34 PM ISTImproving economic activity to aid commercial vehicles sales: Ashok Leyland

    Improving economic activity to aid commercial vehicles sales: Ashok Leyland

    Commercial vehicles major Ashok Leyland said that with the economy improving and core sector businesses doing well, commercial vehicle sales will improve after witnessing a long period of poor sales. Ashok Leyland is in talks with investors to raise capital for its EV arm Switch Mobility

    15 Nov, 2021, 05:45 PM ISTMedium, heavy CV sales to rise as economic activity gathers speed

    Medium, heavy CV sales to rise as economic activity gathers speed

    Demand for medium and heavy commercial vehicles (M&HCVs) – an indicator of economic health – has improved sequentially since July 2020 and the trend is expected to continue in the current quarter, said Anuj Kathuria, chief operating officer at Ashok Leyland.

    25 Feb, 2021, 12:24 PM ISTFarm income may drive tractor sales volume 10-12% this fiscal: Crisil

    Farm income may drive tractor sales volume 10-12% this fiscal: Crisil

    This growth is expected to be driven by higher farm income despite the COVID-19 pandemic, and the demand growth is expected to be particularly strong in the southern and western parts of India given higher kharif sowing and a copious monsoon.

    11 Nov, 2020, 02:45 PM ISTCK Motors plans to launch electric three-wheelers soon

    CK Motors plans to launch electric three-wheelers soon

    The company has set up a manufacturing unit in Thekkalur near here with an investment of Rs 35 crore and the vehicles were in testing stage and commercialised in another two months, CK Motors Business Head Dr C Gunasekaran told reporters here.

    09 Nov, 2020, 04:56 PM ISTAshok Leyland slips 3% as plant shut for 9 days

    Ashok Leyland slips 3% as plant shut for 9 days

    M&HCV sales in domestic market were down 19 per cent at 7,780 units in June this year.

    16 Jul, 2019, 03:56 PM ISTTata Motors rolls out ESC technology in its M&HCV range

    Tata Motors rolls out ESC technology in its M&HCV range

    Besides ESC, the company is ready with automatic traction control (ATC) and hill start aid (HSA) safety technology for the range of trucks and buses.

    04 Oct, 2017, 04:58 PM ISTM&M strengthens truck support, launches guarantee-backed services on Delhi-Mumbai corridor

    M&M strengthens truck support, launches guarantee-backed services on Delhi-Mumbai corridor

    MTBD currently holds a market share of 3.5% in heavy commercial vehicles (HCVs) and 9.4% in light commercial vehicles (LCVs).

    15 Feb, 2017, 05:58 PM ISTM&HCV sales register growth first time in 29 months

    M&HCV sales register growth first time in 29 months

    In one of the clearest signs yet that an economic turnaround could indeed be under way, sales of medium and heavy commercial vehicles grew for the first time in 29 months in August after having contracted sharply in the past few months.

    10 Sep, 2014, 04:03 PM ISTCommercial vehicle makers set to hit top gear as economy picks up

    Commercial vehicle makers set to hit top gear as economy picks up

    Volumes of MHCV were down nearly 46 per cent in FY14 vs the FY12 levels, while other categories fared relatively better during the same period.

    04 Sep, 2014, 03:13 PM ISTIndustrial sector cautious as slowdown shows no signs of bottoming out: Survey

    Industrial sector cautious as slowdown shows no signs of bottoming out: Survey

    The industrial sector is cautious in moving ahead as slowdown is not showing any signs of bottoming out, amid a sharp rise in sectors reporting negative growth.

    06 Oct, 2013, 12:51 PM IST Load More
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