Hinduja flagship firm Ashok Leyland on Friday said it has delivered the first lot of light bulletproof vehicles to the Indian Air Force in collaboration with Lockheed Martin.
Hinduja flagship firm Ashok Leyland on Friday launched its 4-axle, 14-wheeler truck - AVTR 4120 - with the capacity of 40.5-tonne gross vehicle weight.
Reduction in GST rate and introduction of scrappage policy would help in reviving the commercial vehicle sector which has been facing headwinds for quite some time now
The company had sold 21,535 units in the same month last year, Ashok Leyland said in a regulatory filing. Total domestic vehicles sales stood at 1,787 units in March against 20,521 units in the year-ago period, registering a decline of 91 per cent.
Hinduja Group's Ashok Leyland on Monday said that it has become the world's third-largest bus maker. Company's claim was based on the latest figures released by SIAM, OICA and IHS Markit. Ashok Leyland sold a total of 23,100 buses in 2019, the company said in a press release.
Hinduja group flagship firm Ashok Leyland on Tuesday said it has inked a pact with Yes Bank for vehicle finance for a period of two years. The companies have inked a memorandum of understanding (MoU) regarding the partnership.
Hinduja Group flagship Ashok Leyland on Wednesday said the company proposes to observe non-working days in a few plants in December to align production at its facilities in line with market demand.
"We are very happy to receive the confirmation of this order. Our ability to bring value, combined with our superior technology and innovation will help us maintain our leadership position in buses in lndia," Ashok Leyland COO Anuj Kathuria said.
The scrip which tanked 7 per cent to Rs 71.20 during the day, later bounced back and closed with a gain of 3.46 per cent at Rs 79.25 on the BSE.
According to him, in the new markets, the company will have a local partner as there will be tax concessions.
Commercial vehicle major Ashok Leyland Ltd on Friday said it had sold a total of 9,857 units in October.
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