Hinduja Group-backed Ashok Leyland is an Indian automobile company headquartered in Chennai. It is the second-largest commercial vehicle manufacturer in India, the fourth largest manufacturer of buses in the world and tenth largest manufacturer of trucks globally. More
The company had posted total sales of 13,273 units in May 2022.
According to ICRA, total investments made by the CV industry were estimated at nearly Rs 3,200 to Rs 3,500 crore during last fiscal, and a similar amount is expected for FY24 as well
KR Choksey is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 194 in its research report dated May 25, 2023.
Sharekhan is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 181 in its research report dated May 24, 2023.
Prabhudas Lilladher is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 215 in its research report dated May 25, 2023.
LKP Research is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 186 in its research report dated May 24, 2023.
A strong product portfolio and an increase in market share augur well for the company
Ashok Leyland's market share is going up, so we will achieve a lot of operating leverage, says CEO Shenu Agarwal.
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Research house Nomura has kept buy rating on the stock with a target price of Rs 184 per share.
The company had registered total sales of 11,847 units in the same month a year ago, Ashok Leyland said in a regulatory filing.
The third tender for 4,675 buses opened in January and closed this week but got bids from only one Indian EV startup - Eka Mobility owned Pune-based Pinnacle Industries, industry and government officials said.
Net Sales are expected to increase by 35.7 percent Y-o-Y (up 31.4 percent Q-o-Q) to Rs. 11,863.8 crore, according to Motilal Oswal.
This particular order is places for AVTR 3120 and AVTR 4420 TT models of Ashok Leyland, which have the improve the efficiency to VRL’s expanding fleet.
This is an attempt by the brand to increase transparency in the business of used vehicles.
Goldman Sach has initiated coverage on Eicher Motors and Ashok Leyland
CVs, EVs, premium bikes and PVs expected to maintain momentum with rural-centric companies facing demand challenges
March volumes indicate an acceleration in EV adoption and improving export numbers, going by MS’ report
Brokerage firm ICICIdirect believes the growth in medium and heavy commercial vehicle segment was particularly strong as the bus segment came out of the woods post the slump witnessed over last few years.
Passenger vehicle registrations were estimated to be 2,84,500 units in March, which would be a one percent drop year-on-year.
The initiative is an attempt to provide women with equal opportunities and the city-based firm has invited 100 women to New Delhi to be trained on driving commercial vehicles at its training institute.
Ashok Leyland also partnered with Delhi Government’s initiative Mission Parivartan, to train 180 women and many of them have now been employed as bus drivers with the Delhi Transport Corporation.
The heavy commercial vehicle maker had registered sale of 13,281 units during the corresponding month of last year, a company statement said.