Ashok Leyland's LCV 'Dost' crosses 1 lakh sales milestone
Posted on 26th June 2015 |
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NEW DELHI: Hinduja Group's flagship company Ashok Leyland today said its light commercial vehicle (LCV) 'Dost' has crossed one lakh sales mark. In less than three years since Ashok Leyland and Nissan formed a joint venture to manufacture LCVs, the company has rolled out the 1,00,000th unit of Dost, Chennai-based Ashok Leyland said in a statement. |
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Ashok Leyland seeks shareholder approval to raise money through QIB
Posted on 13th June 2015 |
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Ashok Leyland today said it will seek shareholder approval to raise money through Qualified Institutional Buyers (QIBs) and other routes. While the company didnot mention the amount it wants the raise, it said the funds will be used to support capex, as working capital and for investment in joint ventures etc. |
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Ashok Leyland posts Rs 334-cr net profit
Posted on 4th June 2015 |
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Commercial vehicle major Ashok Leyland's standalone net profit in 2014-15 rose to Rs 335 crore from Rs 29 crore in the prior year. Total income climbed 36 per cent to Rs 13,562 crore in 2014-15 from Rs 9,943 crore in 2013-14. The company's share of the medium and heavy commercial vehicle market increased to 29 per cent during 2014-15 from 26 per cent in 2013-14. |
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Ashok Leyland sales grew 40% in May
Posted on 1st June 2015 |
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Commercial vehicles major Ashok Leyland Ltd has posted a growth fo 40% in sales during the month of May, 2015, selling 9294 units compared to 6632 units sold during May, last year. The sales of medium and heavy commercial vehicles (M&HCV) grew by 41%, to 6892 units during May, this year, compared to 4884 units during the same month of previous year. |
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Ashok Leyland's UK arm ropes in former Volvo Truck executive
Posted on 28th May 2015 |
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Ashok Leyland's UK arm Optare has stregthened its leadership team by roping in former Volvo senior executive Alastair Munro. Munro joins Optare as director, engineering. He has over 30 years experience in engineering design and product development in the bus, coach and commercial vehicle industry. |
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Ashok Leyland dips on post Q4 results
Posted on 13th May 2015 |
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Ashok Leyland has dipped 4% at Rs 69 on the NSE after reported a standalone net profit at Rs 230 crore for the fourth quarter ended March 2015 (Q4). The commercial vehicle firm had profit of Rs 363 crore for the same period of the previous financial year, which includes one-time gain of Rs 376 crore on account of sale of long-term investments and immovable properties. Operating profit however jumped by nearly three-fold at Rs 457 crore in March 2015 quarter against Rs 178 crore in a year ago quarter. |
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Ashok Leyland sales up 43% in April
Posted on 5th May 2015 |
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Hinduja Group flagship company Ashok Leyland has reported a 43 per cent growth in sales during the month of April. Total sales stood at 8,435 units in the month, compared to 5,897 units a year ago. |
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Ashok Leyland sales up 43% in April
Posted on 4th May 2015 |
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Ashok Leyland has reported a 43% growth in sales during April 2015. Total sales stood at 8,435 units in April 2015, as compared to 5,897 units a year ago. |
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Ashok Leyland's UAE associate buys 49% interest in Avia
Posted on 15th April 2015 |
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Ashok Leyland (UAE) LLC (ALUAE) has bought 49 per cent equity in Avia Ashok Leyland Motors s.r.o, a Czech Republic subsidiary, as part of the latter selling its non-core assets. According to a clarification provided by the company to Bombay Stock Exchange, “the buyer is Ashok Leyland (UAE) LLC (ALUAE), a company incorporated under the laws of Ras Al Khaimah, United Arab Emirates, in which Ashok Leyland holds 49 per cent of the equity.” |
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