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Latest news about Ashok Leyland

Ashok Leyland: June Vehicle Sales Rise 3%, Miss Estimates 4 days ago

Ashok Leyland's June sales increased by 3% year-on-year to 15,333 units, slightly below market expectations. M&HCV sales grew 3% to 9,829 units, while LCV sales rose 2% to 5,504 units. Domestic sales declined 1% to 14,184 units, but the exports and domestic combined bus segment saw a 56% increase to 3,172 units. Q1 total sales were up 1% at 44,238 units.

Switch Mobility Announces CEO Change and Ambitious Revenue Growth Plans 5 days ago

Ashok Leyland Secures 200-Truck Order from Instant Transport 8 days ago

Ashok Leyland Faces Potential Impact as Western Dedicated Freight Corridor Nears Completion Jun 12, 2025

Ashok Leyland Subsidiary Expands Stake in UK-based Switch Mobility Jun 10, 2025

More news about Ashok Leyland

04Jun 25

Ashok Leyland Subsidiary to Acquire Dana Ltd's Stake in Switch Mobility

Ashok Leyland's subsidiary has signed a share purchase agreement with Dana Ltd to acquire their 1.01% stake in Switch Mobility, UK. This strategic move aims to strengthen Ashok Leyland's position in the electric vehicle market and potentially enhance control over Switch Mobility's operations. Switch Mobility is known for its focus on electric buses and light commercial vehicles.

04Jun 25

Ashok Leyland Secures 543 BS-VI Bus Order from Tamil Nadu Transport Corp

Ashok Leyland has received an order for 543 BS-VI diesel chassis and fully built buses from Tamil Nadu State Transport Corporation. The order will be executed between June to December 2025. This follows a previous defense order worth ₹700.00 crore secured in March. The new order includes environmentally friendly BS-VI compliant vehicles, showcasing Ashok Leyland's commitment to modern transportation solutions.

03Jun 25

Ashok Leyland Secures ₹183.8 Crore Bus Order from Tamil Nadu Government

Ashok Leyland has received a ₹183.80 crore order from the Tamil Nadu government for 543 diesel chassis and fully built buses. The delivery is scheduled between June and December 2025 to Tamil Nadu Transport Corporation. This order is expected to boost Ashok Leyland's revenue and reinforces its strong position in the commercial vehicle market, particularly in the bus segment.

02Jun 25

Ashok Leyland Surpasses Sales Expectations in May, Reports 15,484 Units Sold

Ashok Leyland announced total sales of 15,484 units for May, surpassing the market estimate of 14,040 units and showing a 5.46% year-over-year growth. The company's performance exceeded both market projections and last year's sales of 14,682 units. This robust sales figure could positively impact Ashok Leyland's financial performance for the current quarter.

26May 25

Ashok Leyland Secures Robust Order Book for FY26, Switch India Poised for Growth

Ashok Leyland anticipates a promising FY26, supported by a healthy order book and strong subsidiary performance. Switch India, its electric vehicle arm, has an order book of 1,800 units at FY25 end. OHM plans to add 1,700 buses to its fleet in FY26, sourcing from Switch India's order book and new orders. This strategy leverages group synergies and positions Ashok Leyland for growth in both conventional and electric commercial vehicle markets.

26May 25

Ashok Leyland's Switch India Unit Achieves Early EBITDA Positivity; Company Navigates Steel Price Challenges

Ashok Leyland reports that its electric vehicle division, Switch India, has reached EBITDA positivity with a double-digit margin in Q4, ahead of the FY2025 target. The company is optimistic about FY2026 performance but cautious about FY2027. Ashok Leyland anticipates steel price increases in the coming quarters but plans to neutralize these cost pressures. The company is focusing on improving price realization over the next couple of years.

26May 25

Ashok Leyland Reports 38% Surge in Q4 Profit, Beats Margin Expectations

Ashok Leyland's Q4 standalone net profit increased by 38.4% year-over-year to Rs 1,246.00 crore, with revenue rising 5.7% to Rs 11,907.00 crore. The company's margins expanded to 15%, beating market estimates. Ashok Leyland is also expanding into electric mobility through its subsidiaries Switch Mobility and Ohm Mobility.

23May 25

Ashok Leyland Announces 1:1 Bonus Share Issue and ₹4.25 Dividend as Q4 Profit Surges 38.4%

Ashok Leyland reported a 38.4% increase in Q4 net profit to ₹1,246.00 crore, with revenue up 5.7% to ₹11,906.70 crore. The company's board approved a 1:1 bonus share issue and declared a dividend of ₹4.25 per share. EBITDA grew by 12.5% to ₹1,791.00 crore, outpacing revenue growth. The company's financial metrics showed significant year-over-year improvements, with net profit up 34.64% and EPS increasing by 35.60%.

23May 25

Ashok Leyland Surpasses Q4 Profit Expectations, Announces 1:1 Bonus Share Issue

Ashok Leyland's Q4 FY23 results exceeded market expectations with net profit surging 38.89% YoY to ₹12.50 billion. EBITDA increased by 12.44% to ₹17.90 billion, with EBITDA margin improving to 15.10%. Revenue grew 5.59% to ₹119.00 billion. The company also announced a 1:1 bonus share issue.

20May 25

Ashok Leyland to Consider Bonus Shares, Announces Q4 Results Date

Ashok Leyland's board will meet on May 23, 2025, to consider issuing bonus shares and announce Q4 and FY25 financial results. The company has already declared a second interim dividend of ₹4.25 per share, bringing the total interim dividend for FY25 to ₹6.25 per share.

19May 25

Ashok Leyland to Consider Q4 Results and Potential Bonus Share Issue on May 23

Ashok Leyland, a major Indian commercial vehicle manufacturer, has scheduled a board meeting for May 23 to review Q4 financial results and consider a proposal for issuing bonus shares. The potential bonus share issue could increase stock liquidity and make shares more affordable for small investors, potentially signaling the company's financial health and future confidence. Specific details about the bonus issue, including the ratio, have not been disclosed.

16May 25

Ashok Leyland Announces Rs 4.25 Per Share Second Interim Dividend

Ashok Leyland Ltd. has announced a second interim dividend of Rs 4.25 per share. The record date is set for May 22, 2025, with payment scheduled for June 14, 2025. The total dividend payout amounts to Rs 1,248.00 crore. This decision reflects the company's commitment to shareholder value in the face of automotive sector challenges.

02May 25

Ashok Leyland Reports 6% Decline in April 2025 Sales, M&HCV Bus Segment Falls 22%

Ashok Leyland's total vehicle sales decreased by 6% year-over-year in April 2025, dropping to 13,421 units from 14,271 units in April 2024. The Medium and Heavy Commercial Vehicles (M&HCV) segment saw a 13% decline, with truck sales down 10% and bus sales down 22%. However, the Light Commercial Vehicles (LCV) segment showed positive growth, increasing by 6% to 5,461 units. In the domestic market, total vehicle sales decreased by 7%, with the M&HCV segment declining by 14% while the LCV segment grew by 6%.

02Apr 25

Ashok Leyland: Strategic Moves in UK Investment, Vehicle Financing, and Sales Performance

Ashok Leyland increased its stake in UK subsidiary Optare PLC to 93% with a £45 million investment. March 2025 sales showed 6% overall growth, with strong performance in M&HCV segment but decline in LCV sales. The company partnered with Nagaland Rural Bank to offer customized vehicle financing in Northeast India.

01Apr 25

Ashok Leyland Surpasses Expectations with 4.96% Sales Growth in March

Ashok Leyland announced total sales of 24,000 units in March, marking a 4.96% year-over-year increase from 22,866 units in March 2022. This performance surpassed market estimates of approximately 22,200 units. The robust sales figures demonstrate the company's resilience in the commercial vehicle market and may indicate a broader recovery in the sector.

28Mar 25

Ashok Leyland Strengthens Defence Portfolio with ₹700 Crore Order

Ashok Leyland has won multiple defence orders worth over ₹700 crore for specialized vehicles including troop carriers and logistics support units. The company will supply various models such as Stallion 4x4, Stallion 6x6, and Short Chassis Bus. Deliveries are set to begin in the next financial year. Separately, Ashok Leyland increased its stake in Hinduja Leyland Finance Limited from 60.39% to 61.12% with a ₹200 crore investment.

27Mar 25

Ashok Leyland: Promoter Pledge Increase and EV Business Restructuring Impact Stock

Ashok Leyland's promoters increased pledged stake to 25.59%. The company plans to cease EV manufacturing in the UK due to slow market adoption, focusing instead on the Indian EV market. Switch Mobility India aims for EBITDA breakeven in FY25 and expects to treble volumes in FY26. The company denied rumors of acquiring a stake in SML Isuzu.

27Mar 25

Ashok Leyland Share Price Drops Amid UK EV Subsidiary Closure, Sets Ambitious Growth Targets for Indian Operations

Ashok Leyland announces potential closure of its UK subsidiary, Switch Mobility Limited UK, due to economic uncertainties and slow EV adoption. The company plans to triple bus volume and double LCV volumes in India by FY26. Switch Mobility Automotive Ltd, India is expected to achieve EBITDA breakeven in FY25 and treble volumes in FY26. The UK restructuring has minimal impact on Ashok Leyland's overall financial performance, contributing only 0.60% to consolidated turnover last year.

26Mar 25

Ashok Leyland's Switch India Eyes Profitability Milestones Amid Parent Company's Strategic Moves

Ashok Leyland's subsidiary Switch India projects EBITDA breakeven in FY2025 and PAT breakeven in FY2026. The parent company has closed its trading window from April 1, 2025, until 48 hours after FY2025 results are published. Ashok Leyland denies rumors of acquiring SML Isuzu stake. Switch Mobility UK considers ceasing manufacturing at Sherburn facility due to economic uncertainties but will complete existing orders and maintain aftermarket support.

26Mar 25

Ashok Leyland to Invest Rs 200 Crore in Hinduja Leyland Finance; SWITCH UK Considers Facility Closure

Ashok Leyland Ltd. plans to invest Rs 200 crore in its subsidiary, Hinduja Leyland Finance Ltd., through a preferential issue of one crore shares at Rs 200 per share. This investment aims to strengthen the company's financial services arm. Separately, SWITCH UK, a unit of Ashok Leyland, is considering closing its Sherburn facility while maintaining operations in Rotherham and Thurrock.

26Mar 25

Ashok Leyland Denies SML Isuzu Stake Acquisition, Announces Strategic Decisions for Switch Subsidiaries

Ashok Leyland has refuted reports of acquiring SML Isuzu's promoter stake. The company announced no new equity infusion into Switch UK and plans stricter cost control for Switch India. Shares jumped 4% ahead of a short-notice investors meeting on March 26, 2025. The company also announced a trading window closure from April 1, 2025, until 48 hours after the release of FY2025 financial results.

03Mar 25

Ashok Leyland Surpasses Expectations with 2% Growth in February 2025 Sales

Ashok Leyland sold 17,903 units in February 2025, a 2% increase from February 2024. M&HCV segment showed mixed results with a slight decline, while LCV sales grew by 5.3%. Domestic sales decreased marginally by 0.7%, but exports surged by 38.3%. Overall, the company's performance demonstrates resilience in a challenging market, with total sales surpassing market estimates of 17,010 units.

24Feb 25

Ashok Leyland Sets Ambitious Targets: Export Growth and Cost Savings

Ashok Leyland has announced two major strategic initiatives. The company aims to boost exports to 25,000 units within three years, signaling a push for global expansion. Additionally, Ashok Leyland plans to achieve ₹2,000 crore in cost savings to improve operational efficiency and profitability. These initiatives demonstrate the company's focus on both top-line growth through international market expansion and bottom-line improvement through internal optimization.

19Feb 25

Ashok Leyland Secures ₹300 Crore Order for BS VI Diesel Buses

Ashok Leyland has won a ₹300 crore order for BS VI diesel fuel type 12-meter low floor fully built buses. The order highlights the company's strong position in the public transportation sector and its ability to produce environmentally compliant vehicles. This development is expected to bolster Ashok Leyland's market position and contribute positively to its financial performance, following a strong Q3 FY25 where the company reported record revenues of ₹9,479 crores and a 31% year-on-year increase in net profit.