Tag Archives: Ashok

Ashok Leyland Launches GURU, PARTNER

Ashok Leyland Launches GURU, PARTNER

Ashok Leyland, flagship of the Hinduja Group, and one of the largest commercial vehicle manufacturers in India, launched the ‘GURU’– the latest Intermediate Commercial Vehicle (ICV) and the ‘PARTNER’ – the new Light Commercial Vehicle (LCV) in Chennai today. ‘GURU’ offers an ideal combination of best-in-class fuel efficiency and highest actual payload, ensuring maximum returns

President of India visits Ashok Leyland Driver Training Institute in Chhindwara

Ashok Leyland, flagship of the Hinduja Group, today hosted the Honourable President of India – Mr. Pranab Mukherjee – at the Company’s Driver Training Institute (DTI) in Chhindwara, Madhya Pradesh. The Hon’ble President was at the Institute to get a better insight into Ashok Leyland’s initiatives in the area of driver training. During his visit,

Ashok Leyland acquires LCV business from Nissan Motor Corporation

Ashok Leyland Ltd (Ashok Leyland), flagship of the Hinduja Group, announced today it has completed the acquisition of Nissan Motor Co. Ltd.’s stake in each of the three joint ventures (JVs) formed between the two companies, namely, Ashok Leyland Nissan-Vehicles Limited, Nissan-Ashok Leyland Powertrain Limited and Nissan-Ashok Leyland Technologies Limited. In September 2016, Ashok Leyland

Nissan and Ashok Leyland to embark on new phase in business relationship

Nissan Motor Co. Ltd. and Ashok Leyland Ltd. today announced a restructuring agreement that will enable both companies to enter into a new phase in their business interaction. Nissan has agreed to sell to Ashok Leyland all of Nissan’s shares in three joint venture companies that were formed in 2008. These joint ventures focus on

Ashok Leyland wins contract for 3600 vehicles worth $200Mn from Cote D’Ivoire

Ashok Leyland, flagship of the Hinduja Group, signed a contract with the government of Cote D’Ivoire for 3600 vehicles worth $200Mn. This contract is being funded by EXIM Bank of India and is pending final clearance from respective governments. The vehicles, which include trucks and buses, will be delivered over the next 12 months. Speaking

Support from suppliers, dealers steered Ashok Leyland to growth mode

Ashok Leyland, flagship of the Hinduja Group, reported sales revenues of Rs 13,562 crore as against Rs 9,943 Crores in the previous fiscal. ​EBITDA stood at Rs 1,027 crore during FY’14-15, against Rs 117 crores in the previous fiscal. Profit Before Tax (PBT) and exceptional items stood at Rs 341.26 crore during FY’14-15, against a

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