Ashok Leyland

Ashok Leyland to launch 18 different types of trucks during 2014

Ashok Leyland to launch 18 different types of trucks during 2014

Hinduja Group's flagship firm Ashok Leyland has announced its plan to launch eighteen different types of trucks during 2014 under the brand name of Captain.

Vinod K. Dasari, managing director of Ashok Leyland, said on Monday that the company had invested nearly Rs 600-700 crore in developing the new range of commercial vehicles. Announcing the Captain series of trucks, Dasari said, "During 2014, we plan to launch 18 different types of trucks for different applications under the Captain range."

Ashok Leyland in joint venture with Nissan

Ashok Leyland, the flagship company of the Hinduja group has entered into a joint venture with Nissan Motor Company of Japan to launch its first light commercial vehicle (LCV). Both of them have jointly worked to cut down the projected investments for the launch of LCV called as Dost.

Both the partners are also considering on the expansion for JV to manufacture multi-purpose vehicles like vans, said by Andy Palmer, senior vice president at Nissan.

Ashok Leyland posts a two-fold growth

Ashok Leyland posts a two-fold growth

The CV maker, Ashok Leyland has recently reported that the unit sale of the company has grown by over two-folds in the month of June.

According to the figures released by the company, it has sold close to 8,400 units in June, which is way up as compared to the 3,966 vehicles that the company sold in the same month last year.

Ashok Leyland hikes CV prices, others likely to follow suit

Ashok Leyland hikes CV prices, others likely to follow suit

On Tuesday Ashok Leyland the Hinduja group flagship and commercial vehicles (CV) major said that it has increased prices of its medium and heavy duty vehicles by about 3% with immediate effect. The hike in price will be in the range of Rs 20,000 and Rs 50,000.

The move has been taken as the prices of raw material like steel, tyres, castings among other things have increased, said the company in a release. It is also for a sharp recovery in the commercial vehicles front over the last few months and its performance over the first two months of current financial year in particular.

Nissan close to finalizing Ashok Leyland as partner

Nissan close to finalizing Ashok Leyland as partner

There is no denying that the Renault-Nissan alliance has taken its own time in realizing the potential of the Indian market but now since it has, the auto major is very bullish on the future growth. In fact, according to the sources close to the development, the Japanese auto major, Nissan is close to finalizing Ashok Leyland as its partner for the small car project for the Indian market.

Ashok Leyland and Nissan to come up with LCVs

Ashok Leyland and Nissan to come up with LCVs

In a bid to strengthen its control over the sector, India's leading commercial vehicle maker, Ashok Leyland has joined hands with Japan's Nissan Motors.

The two companies have decided that they will join hands and come up with three light commercial vehicles (LCVs). The vehicles are expected to touch the roads by the middle of 2011.

Ashok Leyland is owned by Hindujas and as per the contract between the two companies, Ashok Leyland will have 51 per cent in the partnership while the other 49 per cent will be invested and owned by Nissan.

Indo-Japan venture to kick start next year.

Indo-Japan venture to kick start next year.

The light commercial vehicle (LCV) joint venture between Ashok Leyland of the Hinduja Group and Nissan of Japan will roll out its first product as scheduled in mid-2011. Three new vehicles in three years is an ambitious plan by the two companies. The production of the first vehicle would start in the first half of 2010.

Ashok Leyland Net Profit Increased by 123%

Ashok Leyland Net Profit Increased by 123%

Ashok Leyland, the Hinduja Group flagship, has recorded sales proceeds of Rs 7,244.71 crore during 2009-10 as contrasted with Rs. 5,981.07 Crore in the preceding financial year. Net profit increased by 123% to Rs. 423.67 Crore.

R. Seshasayee, Managing Director, stated that although the year just went by started slowly, but the second half had been a very remarkable account.

The market took a total different turn. He said that the company was able to take benefit of the grip in the market, in order to double its sales in the second half as compared with the first.

Rs. 3,000 Crore to be Invested in Different Projects by Ashok Leyland

Rs. 3,000 Crore to be Invested in Different Projects by Ashok LeylandOfficial announcements by Ashok Leyland have confirmed that the Hinduja Group firm will be investing a whopping Rs. 3,000 crore over the coming three years on various different projects, including its light commercial vehicle JV with Nissan, the giant Japanese automobiles maker.

Irizar-TVS Limited opens new facility, to launch more global models

Irizar-TVS Limited opens new facility, to launch more global modelsThe competition in the Bus segment in the country is rising and manufacturer Ashok Leyland is preparing to step up its fully-built buses' component to higher level.

The managing director of Ashok Leyland, R. Seshasayee recently inaugurated the state-of-the-art Viralimalai facility of Irizar-TVS Limited. Irizar-TVS is a three way joint venture between the TVS Sons, Ashok Leyland and Irizar of Spain.