ASHOKLEY

April 1 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• MARCH TOTAL VEHICLES SALES AT 25,381 UNITS

Source text: ID:nBSE8Vfzg5

Further company coverage: ASOK.NS

((Reuters.Briefs@thomsonreuters.com;))

Repeats to additional subscribers, with no change to text

By Aditi Shah

NEW DELHI, March 26 (Reuters) - India has asked automakers and parts suppliers to tighten production schedules to conserve fuel amid fears of shortages caused by disrupted oil and gas imports from the Gulf due to the Iran war, a government memo seen by Reuters shows.

The heavy industries ministry has also urged companies to shift factory operations from oil-based fuels to electricity and to use recycled aluminium or alternative materials as shortages and costs rise, according to the March 25 advisory.

For India, one of the world's largest oil and gas importers, the advisory underscores the government's mounting concern over the conflict and its disruption to energy flows, supply chains and availability of raw materials.

India's ministry of heavy industries did not immediately respond to a request for comment.

The government has already prioritised use of gas for households over industries, which get only about 80% of their average needs.

Some parts suppliers to India's leading carmakers like Maruti Suzuki MRTI.NS, Tata Motors TAMO.NS and Mahindra MAHM.NS are already reporting a shortage of gas to power operations at a time when vehicle sales are booming.

The ministry wants the sector to do more.

"Wherever technically feasible, a transition from oil-based fuels to electricity may be considered. Further, production schedules may be optimised to minimise idle and standby fuel consumption," the ministry said in its note.

The government wants companies to use recycled aluminium where possible and explore the use of alternative materials for packaging and other non-critical applications to reduce "demand pressure" amid shortages which are already affecting beer makers.

"I don't know how much we can change in the factory, but the takeaway is that this war is going to go on for a long time and we should be prepared," said an executive at an Indian carmaker.

(Reporting by Aditi Shah, Editing by William Maclean)

((aditi.shah@tr.com; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))

By Aditi Shah

NEW DELHI, March 26 (Reuters) - India has asked automakers and parts suppliers to tighten production schedules to conserve fuel amid fears of shortages caused by disrupted oil and gas imports from the Gulf due to the Iran war, a government memo seen by Reuters shows.

The heavy industries ministry has also urged companies to shift factory operations from oil-based fuels to electricity and to use recycled aluminium or alternative materials as shortages and costs rise, according to the March 25 advisory.

For India, one of the world's largest oil and gas importers, the advisory underscores the government's mounting concern over the conflict and its disruption to energy flows, supply chains and availability of raw materials.

India's ministry of heavy industries did not immediately respond to a request for comment.

The government has already prioritised use of gas for households over industries, which get only about 80% of their average needs.

Some parts suppliers to India's leading carmakers like Maruti Suzuki MRTI.NS, Tata Motors TAMO.NS and Mahindra MAHM.NS are already reporting a shortage of gas to power operations at a time when vehicle sales are booming.

The ministry wants the sector to do more.

"Wherever technically feasible, a transition from oil-based fuels to electricity may be considered. Further, production schedules may be optimised to minimise idle and standby fuel consumption," the ministry said in its note.

The government wants companies to use recycled aluminium where possible and explore the use of alternative materials for packaging and other non-critical applications to reduce "demand pressure" amid shortages which are already affecting beer makers.

"I don't know how much we can change in the factory, but the takeaway is that this war is going to go on for a long time and we should be prepared," said an executive at an Indian carmaker.

(Reporting by Aditi Shah, Editing by William Maclean)

((aditi.shah@tr.com; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))

March 20 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• ASHOK LEYLAND - APPROVES INVESTMENT UP TO GBP 30 MILLION IN OPTARE PLC UK SUBSIDIARY

Source text: ID:nBSE9SmW6L

Further company coverage: ASOK.NS

((Reuters.Briefs@thomsonreuters.com;))

March 13 (Reuters) - India's domestic car dispatches to dealers rose for the fifth straight month in February, data from an industry body showed on Friday, helped by tax cuts that have lowered prices across most models.

"While the month of March has festive drivers... the recent conflict in West Asia remains a concern... could impact the manufacturing processes and exports," Rajesh Menon, Director General of Society of Indian Automobile Manufacturers (SIAM), said.

Here are some key details:

• Passenger vehicle dispatches jumped 10.6% to 417,705 units in February, compared with 377,689 units a year earlier.

• Tax reductions continue to fuel growth, extending momentum for fifth consecutive month.

• In September 2025, India slashed taxes on larger SUVs to 40% as an additional levy was dropped and on small cars and two-wheelers to 18% from 28%, helping support demand across segments.

• Vehicle sales picked up during the ongoing wedding season, supported by strong bookings, inventory build-up and new model launches.

• Domestic demand is expected to remain strong, though exports could soften on reduced shipments to Africa and the Middle East, analysts added.

• SIAM warns the ongoing Middle East crisis could hit production and exports if supply chains are disrupted.

• A shortage of gas - crucial for paint shops and component manufacturing - may affect production, analysts said, though they expect only near-term impact on Indian manufacturers due to inventory buffers.

• Domestic demand to stay robust but exports could weaken due to reduced shipments to Africa and the Middle East- Axis Capital

• India, the world's third-biggest car market, has an auto industry that accounts for 7.1% of its GDP.

• Tax cut-driven growth is likely to sustain for several quarters, a dealer's body said last week.

(Reporting by Meenakshi Maidas and Urvi Dugar in Bengaluru)

((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))

March 2 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• TOTAL M&HCV SALES INCREASE 31% TO 13,264 UNITS IN FEB 2026

• TOTAL VEHICLE SALES INCREASE 28% TO 20,314 UNITS IN FEB 2026

Source text: ID:nBSE6dK44d

Further company coverage: ASOK.NS

((Reuters.Briefs@thomsonreuters.com;))

Feb 19 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• ASHOK LEYLAND- ASHOK LEYLAND WEST AFRICA SA, STEP-DOWN SUBSIDIARY OF THE COMPANY, HAS BEEN VOLUNTARILY LIQUIDATED

Source text: ID:nnAZN4SHDRQ

Further company coverage: ASOK.NS

((Reuters.Briefs@thomsonreuters.com;))

Feb 13 (Reuters) -

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S JAN TOTAL DOMESTIC PASSENGER VEHICLE SALES 4,49,616 UNITS

• SIAM - INDIA'S JAN 2-WHEELER SALES 19,25,603 UNITS

• SIAM - INDIA'S JAN 3-WHEELER SALES 75,725 UNITS

• SIAM: NEW BUDGET INITIATIVES, POLICY TAILWINDS EXPECTED TO DELIVER LONG-TERM BENEFITS, SUPPORT GROWTH IN MEDIUM TERM

((Reuters.Briefs@thomsonreuters.com;;))

Feb 11 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• ASHOK LEYLAND Q3 PROFIT 7.96 BILLION RUPEES; IBES EST 9.42 BILLION RUPEES

• ASHOK LEYLAND Q3 REVENUE FROM OPERATIONS 115.34 BILLION RUPEES; IBES EST 112.76 BILLION RUPEES

Source text: [ID:]

Further company coverage: ASOK.NS

((Reuters.Briefs@thomsonreuters.com;))

** Citi Research raises volume estimates for Ashok Leyland ASOK.NS, driven by an industry-wide increase in demand for commercial vehicles

** ASOK shares up 3.2% to 187 rupees

** Citi hikes ASOK's price target to 205 rupees from 165 rupees; maintains "buy" rating

** While direct impact of price cuts post GST reductions would be relatively lower for commercial vehicles compared to passenger vehicles/2-wheelers, overall increase in goods demand could be a positive driver - Citi

** Stock rated "buy" on avg; median PT 165 rupees - data compiled by LSEG

** Stock up 62.5% in 2025 vs 23.5% gain in the Nifty Auto .NIFTYAUTO index

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))

Jan 13 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S DEC TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,99,216 UNITS

• SIAM - LOOKING AHEAD, INDUSTRY EXPECTS POSITIVE MOMENTUM TO CONTINUE WELL INTO 2026

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S DEC DOMESTIC 3-WHEELER SALES 61,924 UNITS

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S DEC DOMESTIC 2-WHEELER SALES 15,41,036 UNITS

• SIAM - WHILE REMAINING WATCHFUL OF GEOPOLITICAL DEVELOPMENTS, INDUSTRY EXPECTS FY2025–26 TO CLOSE ON POSITIVE GROWTH TRAJECTORY

Source text: [ID:]

Further company coverage: ASOK.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of AVG Logistics AVGL.NS rise 4.8% to 183.51 rupees

** The logistics company has partnered with Nestlé India NEST.NS & Ashok Leyland ASOK.NS for a green supply chain initiative

** Co to deploy 50 CNG trucks to Nestlé India

** Stock fell 52.4% in 2025

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))

Jan 1 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• DEC TOTAL VEHICLES SOLD AT 21,533 UNITS

Source text: ID:nBSE6T1Rm0

Further company coverage: ASOK.NS

((Reuters.Briefs@thomsonreuters.com;;))

Nov 13 (Reuters) - ** Ashok Leyland ASOK.NS rises 4.5% to record high of 150.49 rupees

** Hinduja Group's flagship co posts flat Q2 profit; rev up 9.3% y/y

** Ambit ("buy"; PT: 153 rupees) says by increasing bus, LCV, exports, spares share, Ashok Leyland building resiliency against commercial vehicle cyclicality

** Nomura ("buy"; PT: 174 rupees) says co has potential for margins to keep expanding to mid-teens in two years

** Emkay ("buy"; PT: 160 rupees) co's FY26 exports up 35% YTD, seeing strong momentum led by traction across key export geographies

** More than 26 mln shares traded, 2.3x the 30-day avg

** Stock rated "buy" on avg; median PT is 151.50 rupees, per data compiled by LSEG

** ASOK up 35% YTD

(Reporting by Urvi Dugar in Bengaluru)

((UrviManoj.Dugar@thomsonreuters.com;))

Nov 12 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• ASHOK LEYLAND Q2 PROFIT 7.71 BILLION RUPEES; IBES EST 7.45 BILLION RUPEES

• ASHOK LEYLAND Q2 REVENUE FROM OPERATIONS 95.88 BILLION RUPEES; IBES EST 95.87 BILLION RUPEES

Source text: [ID:]

Further company coverage: ASOK.NS

((Reuters.Briefs@thomsonreuters.com;))

Adds details paragraph 2 onwards

Oct 7 (Reuters) - Indian dealers' auto sales grew 5.2% year-on-year in September, with upbeat growth across two-wheelers and passenger vehicles, as tax cuts boosted demand during the festive season, the Federation of Automobile Dealers Associations said on Tuesday.

While sales were muted in the first three weeks of September, they surged after September 22, when the revised goods and services tax rates took effect, the auto dealers association said.

Two-wheeler sales climbed 6.5% from a year earlier, while passenger vehicle sales grew 5.8%.

Dealers posted record high sales during the nine-day Navratri festival, the association said, with a 34% year-on-year jump during the period, as a wave of new customers entered showrooms and existing ones upgraded their vehicles, taking advantage of lower taxes and festive schemes.

The auto dealers body expects an above-normal monsoon, strong harvest, and steady lending rates to boost purchasing power of consumers, driving demand.

It also expects "peak sales" during the Diwali festival in October, when Indians typically tend to make high-value purchases.

(Reporting by Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala and Ronojoy Mazumdar)

((Kashish.Tandon@thomsonreuters.com; 8800437922;))

Sept 15 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• SIAM - INDIA'S AUGUST 2-WHEELER SALES 18,33,921 UNITS

• SIAM - INDIA'S AUGUST 3-WHEELER SALES 75,759 UNITS

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S AUGUST TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,21,840 UNITS

Source text: [ID:]

Further company coverage: ASOK.NS

((Reuters.Briefs@thomsonreuters.com;;))

Adds new quotes

Sept 4 (Reuters) - India late on Wednesday announced tax cuts on hundreds of consumer items ranging from soaps to small cars to spur domestic demand, and simplified its complicated goods and services tax structure to two rate slabs from four, with some exceptions for luxury and "sin" goods.

The benchmark BSE Sensex .BSESN and Nifty 50 .NSEI rose as much 1.1% on Thursday. By 11:55 IST, they pared some gains and were up about 0.5% each.

Here is how the industry has reacted:

ANISH SHAH, GROUP CEO & MD, MAHINDRA GROUP

"The next-generation GST reforms... mark a defining moment in India's journey towards building a simpler, fairer and more inclusive tax system.

"At Mahindra, we view these reforms as transformative. They simplify compliance, expand affordability, and energise consumption, while enabling industry to invest with greater confidence."

SAURABH AGARWAL, PARTNER & AUTOMOTIVE TAX LEADER, EY INDIA

"The rationalization of GST rates on automotive vehicles and parts is a truly welcome and significant development. By making vehicles more affordable across all segments, this move will not only boost consumer spending but also simplify complex classification disputes that have long burdened the industry."

SAMIR SHAH, EXECUTIVE DIRECTOR & CFO, HDFC ERGO GENERAL INSURANCE COMPANY

"The GST Council decision to exempt individual health insurance from GST is a welcome development. This move aligns perfectly with the broader ambition of the regulator of 'Insurance for All by 2047,' providing a tangible step forward in that direction.

NILESH SHAH, MANAGING DIRECTOR, KOTAK MAHINDRA ASSET MANAGEMENT CO

"The GST announcement lowers inflation, increases growth, boosts consumer sentiment, doesn't disturb the path of fiscal consolidation, improves ease of doing business and partially offers adverse effects of tariffs."

SHAILESH CHANDRA, PRESIDENT, SOCIETY OF INDIAN AUTOMOBILE MANUFACTURES

"This timely move is set to bring renewed cheer to consumers and inject fresh momentum into the Indian automotive sector... these announcements will significantly benefit first-time buyers and middle-income families, enabling broader access to personal mobility."

C S VIGNESHWAR, PRESIDENT, FEDERATION OF AUTOMOBILE DEALERS ASSOCIATIONS

"This is a decisive step that will boost affordability, spur demand, and make India's mobility ecosystem stronger and more inclusive.

"One area that may need earliest clarification is about levy and treatment of cess balances currently lying in dealers' books, so that there is no ambiguity during transition."

SANJEEV ASTHANA, CEO, PATANJALI FOODS LIMITED

"At Patanjali Foods, we are fully committed to passing on these benefits to our consumers. This initiative will not only enhance FMCG penetration across urban and rural India but also act as a catalyst for broader economic revival... categories such as ghee, soaps, biscuits, noodles, honey, and chyawanprash will benefit from this reduction."

RADHIKA RAO, SENIOR ECONOMIST AT DBS BANK

"Lower GST rates will be positive for growth in the second half of the year and FY27, besides improving operational efficiency and expanding the size of the formal economy."

SHRIPAL SHAH, MD & CEO, KOTAK SECURITIES

"The GST rate cuts ... should directly boost demand, help traders and businesses see higher volumes, and may even favourably impact next quarter's earnings... The key will be how quickly companies pass on the benefits to customers."

DEVARSH VAKIL, HEAD OF PRIME RESEARCH, HDFC SECURITIES

"The GST reforms represent a paradigm shift toward economic rationality... Combined with RBI rate cuts, FY26 income tax rebates and moderating inflation, these reforms create multiple stimuli for consumption and economic growth."

SUDARSHAN VENU, CHAIRMAN, TVS MOTOR COMPANY

"It's a welcome move as it will help two wheelers become more accessible and also help those looking to upgrade."

NEERAJ AKHOURY, PRESIDENT, CEMENT MANUFACTURERS' ASSOCIATION AND MANAGING DIRECTOR, SHREE CEMENT

"Bringing GST down to 18% corrects a long-standing anomaly, aligns cement with other core building materials and enhances global competitiveness."

NITIN RAO, CEO, INCRED WEALTH

" (I am ) positive this will play out, though a small concern remains where recent measures like the rate cuts and budgetary measures taken on reduced taxes have not created the necessary consumption boosters."

RAHUL SINGH, CIO-EQUITIES, TATA ASSET MANAGEMENT

"The GST rate rationalisation, following the income tax cuts and lower interest rates, is a serious effort to boost consumption and hence the overall economic growth outlook.

"While the direct beneficiaries include consumer, autos, cement, healthcare and insurance sectors, the second order beneficiaries in terms of growth will be retail banks & NBFCs."

RAJNEESH KUMAR, CHIEF CORPORATE AFFAIRS OFFICER, FLIPKART GROUP

"By lowering input costs for farmers, simplifying compliance for MSMEs and enabling small sellers, artisans/weavers and smallholder farmers to seamlessly join e-commerce across states, these reforms will further strengthen India's growth engine."

SHEETAL ARORA, CEO, MANKIND PHARMA

"By removing GST on lifesaving rare-disease and oncology therapies and reducing it on essential medicines and diagnostics, the government has signalled that affordability and innovation can go hand in hand."

AMIT PAITHANKAR, CEO OF WAAREE ENERGIES

"The reduction will lower project costs and accelerate the capacity addition needed to meet India’s clean energy targets."

ARNAB BANERJEE, MD & CEO, CEAT

"By addressing a long-standing demand of the industry, the Council has not only provided a boost to the automotive ecosystem but also created room for greater formalisation, compliance, and sustainable growth in the sector."

SHENU AGARWAL, MD & CEO, ASHOK LEYLAND

"The specific relief for the commercial vehicle industry is especially welcome. On one hand, it will spur freight traffic, and on the other, it will bring down the cost of buses and trucks."

AASIF MALBARI, CHIEF FINANCIAL OFFICER, GODREJ CONSUMER PRODUCTS LTD

"This is a positive trigger for demand and a strong driver of volume growth. This move will ultimately contribute to overall economic momentum. We are fully committed to ensuring that the GST rates reduction benefits are passed on to consumers."

VENKATRAM MAMILLAPALLE, MANAGING DIRECTOR, RENAULT INDIA

"We believe the reform will accelerate rural and urban demand alike, boost manufacturing and contribute strongly to India's economic momentum."

UNSOO KIM, MANAGING DIRECTOR, HYUNDAI MOTOR INDIA

"The GST overhaul will directly benefit the automotive sector. The announced reforms align seamlessly with the government's commitment to Viksit Bharat and the Make in India initiative, encouraging domestic manufacturing and boosting demand across both urban and rural markets."

(Reporting by Chandini Monnappa, Bharath Rajeswaran, Manvi Pant, Kashish Tandon, Meenakshi Maidas, Nandan Mandayam, Yagnoseni Das, Vivek Kumar M and Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala and Nivedita Bhattacharjee)

((Chandini.M@thomsonreuters.com; https://www.linkedin.com/in/chandini-monnappa-8a37b013b/;))

Sept 1 (Reuters) - Indian automaker Ashok Leyland ASOK.NS plans to invest over 50 billion rupees ($571.4 million) over the next 7-10 years to localise EV battery production in partnership with China's CALB 3931.HK, one of the world's largest battery makers for EVs, it said on Monday.

($1 = 87.5060 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

** Indian truck and bus maker Ashok Leyland ASOK.NS gains as much as 3.1% to 123.4 rupees, last up 2.1%

** Co beats quarterly profit estimate, led by strong sales of buses - part of its medium and heavy commercial vehicle segment

** Shares were up ~1% higher ahead of its results

** Stock top gainer on the Nifty auto index .NIFTYAUTO, which was last trading flat

** Year-to-date, ASOK up ~11% vs ~6% rise in .NIFTYAUTO

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

Aug 11 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• GETS RBI NOD FOR MERGER OF HINDUJA LEYLAND FINANCE INTO NDL VENTURES

Source text: ID:nNSE2cpHpM

Further company coverage: ASOK.NSNDLV.NS

((Reutersbriefs@thomsonreuters.com;))

July 7 (Reuters) -

• INDIA AUTODEALERS BODY FADA: CAUTIOUSLY OPTIMISTIC VIEW FOR NEAR TERM

• INDIA'S FADA: RARE-EARTH SHORTAGES, GEOPOLITICAL TENSIONS & US-TARIFF SPILL-OVERS DEMAND VIGILANCE

• INDIA'S FADA: CHALLENGES IN SECURING RARE-EARTH MATERIALS STALLED COMPONENT PRODUCTION

• INDIA'S FADA: IN NEAR TERM, ABOVE-NORMAL MONSOON RAINS SHOULD BOLSTER RURAL DEMAND

• INDIA AUTODEALERS BODY FADA: JUNE PASSENGER VEHICLE RETAIL SALES ROSE 4.84 % Y/Y

• INDIA AUTODEALERS BODY FADA: JUNE TWO-WHEELERS RETAIL SALES UP 4.73% Y/Y

• INDIA AUTODEALERS BODY FADA: JUNE COMMERICAL VEHICLE RETAIL SALES ROSE 6.60% Y/Y

• INDIA'S FADA: AS WE ENTER JULY 2025, DEALER SENTIMENT APPEARS TILTED TOWARDS SLOWDOWN

((Reuters.Briefs@thomsonreuters.com;;))

July 1 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• JUNE TOTAL VEHICLES SOLD AT 15,333 UNITS

Source text: ID:nBSE2NSFj1

Further company coverage: ASOK.NS

((Reuters.Briefs@thomsonreuters.com;;))

June 30 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• S MAHESH BABU TO STEP DOWN AS CEO OF SWITCH AUTOMOTIVE MOBILITY

• GANESH MANI TO TAKE ADDITIONAL CHARGE AS CEO OF SWITCH AUTOMOTIVE MOBILITY

• SWITCH INDIA HOPES TO DOUBLE TOP LINE IN FY26

Source text: ID:nBSE2Msfkv

Further company coverage: ASOK.NS

((Reuters.Briefs@thomsonreuters.com;;))

June 10 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• ASHOK LEYLAND LTD - SUBSIDIARY COMPLETES PURCHASE OF 1.01% STAKE IN SWITCH MOBILITY LIMITED, UK

Source text: ID:nBSE4S8HHK

Further company coverage: ASOK.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of Ashok Leyland ASOK.NS rise 3.3% to 241.73 rupees apiece

** ASOK is the top percentage gainer in auto index .NIFTYAUTO, which is up 1.25% boosted by larger-than-expected rate cut from the Reserve Bank of India

** Morgan Stanley reiterates "overweight" on ASOK and hikes target price to 288 rupees from 284 rupees, implying an upside of 23.1% over the last close in the next 12 months

** Strong net cash position will help ASOK offset subdued domestic volumes due to slower demand in fiscal 2026, says Morgan Stanley

** Brokerage says overall volume estimates remain unchanged, due to a potential increase in export volumes estimates

** The average rating of 34 analysts tracking ASOK is "buy", median target price is 255 rupees, according to data compiled by LSEG

** ASOK shares up 6.1% in 2025 so far, outperforming the 3.3% rise in auto index .NIFTYAUTO, exchange data shows

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

June 4 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• OPTARE PLC. UK TO BUY 1.01% STAKE IN SML UK

• OPTARE PLC'S SHAREHOLDING IN SML UK TO INCREASE TO 99.57%

Source text: ID:nBSE3nfgCS

Further company coverage: ASOK.NS

((Reuters.Briefs@thomsonreuters.com;;))

June 3 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• ASHOK LEYLAND - BAGGED ORDER FOR SUPPLYING DIESEL CHASSIS AND FULLY BUILT BUSES FOR 1.84 BILLION RUPEES

Further company coverage: ASOK.NS

((Reuters.Briefs@thomsonreuters.com;))

** Shares of Ashok Leyland ASOK.NS fall 3.1% to 218.35 rupees

** Commercial vehicles maker's total sales, which include domestic sales and exports, for April fell 6% Y/Y to 13,421 units

** For April, medium and heavy commercial vehicle sales fell 13% Y/Y, while light commercial vehicle sales rose 6% Y/Y

** ASOK down ~3% during the week, set to snap four week gaining streak

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))