Ashok Leyland reports 42% rise in total commercial vehicle sales in April
NEW DELHI: Hinduja flagship firm Ashok Leyland on Monday reported 42 per cent increase in total commercial vehicle sales at 11,847 units in April. The company had sold 8,340 units in the same month last year, Ashok Leyland said in a regulatory filing. Domestic sales were higher 41 per cent at 11,197 units, against 7,961 […]
Ashok Leyland to enter used commercial vehicles business
NEW DELHI: Hinduja Group flagship Ashok Leyland on Monday said it has joined hands with Mahindra First Choice Wheels to enter the used commercial vehicles business. The company has inked a MoU with Mahindra First Choice Wheels Ltd (MFCWL) in this regard. The phygital platform, as part of the partnership, will facilitate an exchange and […]
Ashok Leyland arm acquires electric vehicles maker Switch Mobility Automotive
NEW DELHI: Commercial vehicles major Ashok Leyland on Tuesday said its subsidiary Switch Mobility has fully acquired electric vehicles maker Switch Mobility Automotive Ltd, India. “Switch Mobility Ltd, UK, a subsidiary of the company, acquired the entire shareholding in Switch Mobility Automotive Ltd, India on June 14, 2021,” Ashok Leyland said in a regulatory filing. […]
Ashok Leyland sells 12,762 trucks in December 2020
NEW DELHI: Commercial vehicles major Ashok Leyland Ltd on Friday said it closed last month with a sales figure of 12,762 units. In a statement the company said it sold 12,762 units last month up from 11,168 units sold in December 2019. Cumulatively this fiscal till last month the company had sold 56,657 units down […]
Ashok Leyland to resume operations at Alwar, Bhandara, Pantnagar plants
NEW DELHI: Ashok Leyland on Tuesday said it had received permissions to resume operations at Alwar, Bhandara and Pantnagar plants, but will restart production in line with demand after preparing supply chain. The firm has received permission from authorities to resume operations of plants at Alwar, Bhandara and Pantnagar, Ashok Leyland President-HR, Communication and CSR […]
Ashok Leyland, Citicorp Finance join hands for commercial vehicles’ financing
NEW DELHI: Hinduja Group’s flagship firm Ashok Leyland on Thursday said it has partnered with Citicorp Finance India Ltd for financing commercial vehicles. The company has signed a memorandum of understanding (MoU) with Citicorp Finance to enter into a strategic financing partnership for two years, to offer customised financial solutions to customers across India, Ashok […]
Ashok Leyland sells more than 13,000 units in May, total sales dips 4%
NEW DELHI: Hinduja Group flagship firm Ashok Leyland on Monday reported a four per cent decline in total sales to 13,172 units in May. The company had sold 13,659 units during the corresponding month last year, Ashok Leyland said in a statement. Sales of medium and heavy commercial vehicles in May declined by 14 per […]