Hinduja Group-led Ashok Leyland has posted a record consolidated net profit of ~820 crore in the second quarter of 2025-26 (FY26), up 7 per cent from ~767 crore during the same quarter last year.
The company has embedded intelligence in every layer of its value chain, marked by predictive maintenance, AI-powered image recognition and robotic automation.
The stock of commercial vehicle (CV) company Ashok Leyland is up 46 per cent in the past three months, gaining despite worries about a slowdown in sales volume. Brokerages have a mixed view on the country's second-largest medium and heavy commercial vehicle manufacturer. The company reported steady March quarter results and its valuation, focus on growth and medium-term prospects are positive, but some brokerages are cautious, given near-term demand concerns and the risk of competition increasing in the industry.
Hinduja flagship company Ashok Leyland on Tuesday said it has developed hythane engines to power its buses, in association with Australia's Eden Energy.
'This market for diesel starts at around Rs 6.3 lakh and goes up to Rs 7 lakh, and with Saathi we have our usual price set at Rs 6.5 lakh, so we are slightly on the lower side with a superior product.'
According to reports, by last year, the company has helped its customers save 15 per cent on costs -- around 5-6 per cent on fuel and 15 per cent on fleet utilisation through digital measures.
Ashok Leyland Ltd said its holders approved to write off Rs 1600 million.
Ashok Leyland on Tuesday said it has formed a joint venture with Finland-based Alteams Group that will invest Rs 175 crore (Rs 1.75 billion) initially to make aluminum products for automotive and telecom sectors.
Commercial vehicle major Ashok Leyland plans to strengthen its presence in the 5-12-tonne range of vehicles. It is to launch trucks from the Prague-headquartered AVIA, which it had bought in 2006, and would upgrading its light commercial vehicles (LCVs) from the joint venture it has with Nissan of Japan. It has also said the JV with Nissan would turn cash-positive in the next 18 months.
Ashok Leyland's debt increased to Rs 5,500 crore as of June, from Rs 4,300 crore at the end of the March quarter, mainly due to higher working capital.
Ashok Leyland found itself in full gear in early trades on Thursday as burgeoning M&H vehicle sales have prompted the company to up truck sales growth targets to 20% for 2002-03.
The Board of Directors of Ashok Leyland Ltd at its meeting held on January 24, 2003 appointed Mr Guido Sagone as an Alternate Director to Mr Marco Binachi, in place of Mr Matta Luigi, who was hitherto Alternate Director.
The company also unveiled ESSI 20, truck with emphasis on green and efficient transportation. Seshasayee said the truck embodies 20 innovative ideas that together deliver 20 per cent better fuel efficiency and correspondingly over 20 per cent reduction in CO2 emissions.
Tata Motors subsidiary Telco Construction Equipment Company Ltd (Telcon) has opposed a proposal to the Foreign Investment Promotion Board (FIPB) from John Deere for a joint venture with Ashok Leyland to distribute and market its construction equipment in India.
More than just a legacy brand in commercial vehicles, Ashok Leyland wants to be seen as an old brand embracing new values.
Nissan' exit from the light commercial vehicle joint venture has helped speed up consolidation and growth for the company
Under the MCA, one of the joint venture would be to manufacture LCVs, in which Ashok Leyland would have an equity stake of 51 per cent and the Nissan 49 per cent, Gopichand P Hinduja, President of the Hinduja Group and Carlos Ghosn, president, Nissan, said.
Commercial vehicle maker Ashok Leyland, part of the London-based Hinduja Group, is to enter Britain's mid-range truck market through a tie-up by its Prague-based subsidiary, Avia Ashok Leyland.
The two partners have said they will produce 150,000 vehicles as part of their phase I plans from their existing facilities and they said, the greenfield facility is "very much" on the cards.
The demand for buses largely remained robust in 2023, driven by the increasing need for public mobility and replacement. Ashok Leyland Limited (ALL) recorded a 64 per cent year-on-year increase in sales of medium and heavy commercial vehicle (MHCV) buses during the April-to-December period of 2023 to 11,216 units. Volvo Eicher Commercial Vehicles (VECV) posted 24.7 per cent sales growth between April and December for light and medium-duty buses, and 36.9 per cent growth for heavy-duty buses.
'Taking into account the inventory in pipeline and the suppressed market demand, Ashok Leyland has decided to moderate the production plan for the next two months,' the company said. Manufacturing facilities would also reduce the number of working days to three a week till December this year, it added. 'This decision has also been partially influenced by the problems encountered by the suppliers as a result of the power shortage in some parts of the country,' it said.
Hinduja Group firm heavy commercial vehicle maker Ashok Leyland has drawn up a Rs 4,000 crore (Rs 40 billion) capital expenditure plan for building capacity, developing products and upgrading technology, a top official said.
Burgeoning demand for spacious people movers in India has led Ashok Leyland, a medium and heavy truck builder, to plan on developing a utility vehicle to take on the likes of Toyota Innova, India's largest selling multi-seater personal vehicle.
The country's second-largest commercial vehicle maker, Ashok Leyland is pitching for an aggressive drive through the bus segment as work on newer projects for the segment picks up pace at the company's research centre.
Ashok Leyland Ltd, India's second-largest truck and bus maker, said on Tuesday its vehicle sales in November rose 12.2 per cent from a year earlier
It's bullish on electric vehicle segment as govt is keen to buy around 20-25k electric vehicles
For the first quarter this fiscal, domestic sales went up by 8.7 per cent to 7,859 vehicles, the highest ever for the company.
India's second-biggest commercial vehicle maker Ashok Leyland plans to tap foreign markets to raise upto $100 million, a top company official said on Wednesday.
Ashok Leyland would fully exploit the boom in trade and industrial production and launch 20 new products in all categories of vehicles
Stepping up its research and development investments, leading truck and bus maker Ashok Leyland plans to double the headcount in the division to over 500 people in the next 12-18 months.
Ashok Leyland Ltd is readying to manufacture its trucks and buses in China and Pakistan within the next 12-18 months as part of plans to increase its business in overseas markets, R Seshasayee, managing director of the company, said on Monday.
The company had implemented a programme to encourage employees to come out with new innovations. Following this, it was able to save money and reduce the inventory level to Rs 90 crore from Rs 120 crore, said K Sridharan Balaji, general manager -- manufacturing, Ashok Leyland. These innovations will conserve Rs 90 lakh each year as recurring savings, including Rs 40 lakh from three projects.
R N Rao, special director, sales and marketing, Ashok Leyland said the company is going ahead with its expansion of capacity despite a drop in sales during the current financial year owing to the economic slowdown in the country. The company is likely to close the current financial year ending March 2009 with a 30 per cent drop in its sales to around 60,000 units including exports compared to the last fiscal, he said.
India's second-biggest truck and bus maker Ashok Leyland Ltd reported on Friday a 4.7 per cent fall in fourth-quarter earnings despite a 20.8 jump in total income, the Bombay Stock Exchange said.
Inflation data, trading activity of foreign investors and global trends would dictate sentiment in the stock market this week, according to analysts.
Ashok Leyland is likely to increase prices of its commercial vehicles across all models by April 2010 to offset rising input costs.
Hinduja Group flagship company Ashok Leyland on Tuesday announced a price hike of its entire range of commercial vehicles by up to Rs 50,000 on account of rising input costs with immediate effect.
Automobile manufacturer Ashok Leyland Ltd plans to cut 1,000 jobs during 2003-04, and to improve productivity through better processes and standardisation, R Seshasayee, the company managing director, said.
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