ASHOKLEY
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India's Ashok Leyland, Paytm And CG Power And Industrial Solutions Added To BSE 100 Index, says BSE
May 22 (Reuters) - India's Ambuja Cements, Tube Investments Of India, Colgate Palmolive Dropped From Bse 100 Index .BSE100:
INDIA'S ASHOK LEYLAND, PAYTM AND CG POWER AND INDUSTRIAL SOLUTIONS ADDED TO BSE 100 INDEX - BSE
BSE
BSE INDICES REJIG TO BE EFFECTIVE AT THE OPEN OF JUNE 22, 2026 - BSE
BSE INDICES REJIG TO BE EFFECTIVE AT THE OPEN OF JUNE 22, 2026 - BSE
Source text: [ID:]
Further company coverage: .BSE100
May 22 (Reuters) - India's Ambuja Cements, Tube Investments Of India, Colgate Palmolive Dropped From Bse 100 Index .BSE100:
INDIA'S ASHOK LEYLAND, PAYTM AND CG POWER AND INDUSTRIAL SOLUTIONS ADDED TO BSE 100 INDEX - BSE
BSE
BSE INDICES REJIG TO BE EFFECTIVE AT THE OPEN OF JUNE 22, 2026 - BSE
BSE INDICES REJIG TO BE EFFECTIVE AT THE OPEN OF JUNE 22, 2026 - BSE
Source text: [ID:]
Further company coverage: .BSE100
India weighs $1 billion in incentives for private electric buses and trucks, Bloomberg News reports
May 19 (Reuters) - India is considering incentives exceeding $1 billion to spur private-sector adoption of electric buses and trucks, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Reuters could not immediately verify the report.
(Reporting by Carlos Méndez in Mexico City)
May 19 (Reuters) - India is considering incentives exceeding $1 billion to spur private-sector adoption of electric buses and trucks, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Reuters could not immediately verify the report.
(Reporting by Carlos Méndez in Mexico City)
Ashok Leyland To Consider Issuance Of NCDs On Private Placement Basis
May 18 (Reuters) - Ashok Leyland Ltd ASOK.NS:
ASHOK LEYLAND - TO CONSIDER ISSUANCE OF NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS
Source text: ID:nBSE8MRYZD
Further company coverage: ASOK.NS
May 18 (Reuters) - Ashok Leyland Ltd ASOK.NS:
ASHOK LEYLAND - TO CONSIDER ISSUANCE OF NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS
Source text: ID:nBSE8MRYZD
Further company coverage: ASOK.NS
India's April Total Domestic Passenger Vehicle Sales Up 25.4% Y/Y
May 14 -
INDIA'S APRIL TOTAL DOMESTIC PASSENGER VEHICLE SALES UP 25.4% Y/Y -INDUSTRY BODY
INDIA'S APRIL TOTAL DOMESTIC PASSENGER VEHICLE SALES AT 437,312 UNITS - INDUSTRY BODY
INDIA'S APRIL TOTAL TWO-WHEELER SALES UP 28.4% Y/Y AT 18,72,691 UNITS - INDUSTRY BODY
INDIA AUTO INDUSTRY BODY SIAM SAYS THOUGH THERE ARE CONCERNS OF HIGH COMMODITY PRICES DISRUPTIONS IN WEST ASIA, INDUSTRY WITNESSING GOOD DEMAND
Source text: [ID:]
May 14 -
INDIA'S APRIL TOTAL DOMESTIC PASSENGER VEHICLE SALES UP 25.4% Y/Y -INDUSTRY BODY
INDIA'S APRIL TOTAL DOMESTIC PASSENGER VEHICLE SALES AT 437,312 UNITS - INDUSTRY BODY
INDIA'S APRIL TOTAL TWO-WHEELER SALES UP 28.4% Y/Y AT 18,72,691 UNITS - INDUSTRY BODY
INDIA AUTO INDUSTRY BODY SIAM SAYS THOUGH THERE ARE CONCERNS OF HIGH COMMODITY PRICES DISRUPTIONS IN WEST ASIA, INDUSTRY WITNESSING GOOD DEMAND
Source text: [ID:]
India's auto dealers brace for Middle East fallout after record April sales
Auto dealers' body warns Middle East conflict may disrupt parts supply
Overall vehicle retail sales surge 12.9% in April, hitting a record for that month
Rural car sales surge 20.4%, outpacing urban growth
Rewrites throughout with industry executive's comments, background
By Kashish Tandon
BENGALURU, May 5 (Reuters) - India's auto dealerships are bracing for potential ripple effects from the ongoing Middle East conflict on fuel prices and supply chains, a senior industry official said on Tuesday, after retail vehicle sales hit a record for April.
Disruptions linked to the conflict have been limited so far in the world's third-largest car market, but could start affecting auto part supplies over the coming months if the instability persists, Sai Giridhar, vice president of the Federation of Automobile Dealers Associations, said in an interview.
"There have been some instances of supply getting disrupted, particularly in parts shipments coming from Europe, mainly in the after-market and service side," Giridhar said.
While the impact is not broad‑based, the repercussions could last for a few months even if the conflict were to end, he said.
The comments reflect wider concerns about a prolonged Iran war and the consequent energy shock hitting growth and raising inflation in the world's most populous country. Industry leader Maruti Suzuki MRTI.NS has warned it could raise prices as the war pushes up commodity costs.
India's auto sector has been in a good spot over the last few months, as last September's tax cuts have made cars more affordable, with easier financing conditions and strong demand from towns and rural areas.
However, margins are likely to come under pressure, analysts have said, as rising steel, aluminium and freight costs tied to the war hit the bottomline.
For now, a potential sharp rise in fuel prices remains a key risk for consumer sentiment, Giridhar said.
Indian state refiners have raised prices of liquefied petroleum gas for industrial customers and jet fuel sold to foreign carriers, but prices of gasoline, diesel and cooking gas have not been raised for domestic customers.
Overall retail vehicle sales in April rose 12.9% year-over-year to a record high of 2.6 million units for that month, data released by the auto body showed.
Car sales in rural India jumped 20.4%, nearly three times the urban growth of 7.1%, driven in part by a revival in small-car sales.
(Reporting by Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala and Dhanya Skariachan)
((Kashish.Tandon@thomsonreuters.com; 8800437922;))
Auto dealers' body warns Middle East conflict may disrupt parts supply
Overall vehicle retail sales surge 12.9% in April, hitting a record for that month
Rural car sales surge 20.4%, outpacing urban growth
Rewrites throughout with industry executive's comments, background
By Kashish Tandon
BENGALURU, May 5 (Reuters) - India's auto dealerships are bracing for potential ripple effects from the ongoing Middle East conflict on fuel prices and supply chains, a senior industry official said on Tuesday, after retail vehicle sales hit a record for April.
Disruptions linked to the conflict have been limited so far in the world's third-largest car market, but could start affecting auto part supplies over the coming months if the instability persists, Sai Giridhar, vice president of the Federation of Automobile Dealers Associations, said in an interview.
"There have been some instances of supply getting disrupted, particularly in parts shipments coming from Europe, mainly in the after-market and service side," Giridhar said.
While the impact is not broad‑based, the repercussions could last for a few months even if the conflict were to end, he said.
The comments reflect wider concerns about a prolonged Iran war and the consequent energy shock hitting growth and raising inflation in the world's most populous country. Industry leader Maruti Suzuki MRTI.NS has warned it could raise prices as the war pushes up commodity costs.
India's auto sector has been in a good spot over the last few months, as last September's tax cuts have made cars more affordable, with easier financing conditions and strong demand from towns and rural areas.
However, margins are likely to come under pressure, analysts have said, as rising steel, aluminium and freight costs tied to the war hit the bottomline.
For now, a potential sharp rise in fuel prices remains a key risk for consumer sentiment, Giridhar said.
Indian state refiners have raised prices of liquefied petroleum gas for industrial customers and jet fuel sold to foreign carriers, but prices of gasoline, diesel and cooking gas have not been raised for domestic customers.
Overall retail vehicle sales in April rose 12.9% year-over-year to a record high of 2.6 million units for that month, data released by the auto body showed.
Car sales in rural India jumped 20.4%, nearly three times the urban growth of 7.1%, driven in part by a revival in small-car sales.
(Reporting by Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala and Dhanya Skariachan)
((Kashish.Tandon@thomsonreuters.com; 8800437922;))
Iran war could hit India's car production, auto body says
April 14 (Reuters) - India's auto industry body on Tuesday flagged concerns on the possible adverse impact of the Middle East war on automotive production, input and fuel prices, and freight rates.
Here are some key details:
The West Asia conflict is expected to pose short-term challenges for the auto industry, Shailesh Chandra, president of Society of Indian Automobile Manufacturers (SIAM), said.
Uncertainties arising from the West Asia conflict, particularly prices of crude oil and commodities, higher exchange rates and disruptions in shipping routes, remain a concern for the auto sector, the industry body said.
In the near term, the conflict may weigh on export volumes, and the evolving situation reinforces the need for calibrated supply chains and diversification of energy inputs, analysts at Antique Stock Broking said.
In the entry-level segment in April so far, buyer enquiries are strong, but converting them to sales is taking longer, the SIAM president said.
Car sales by manufacturers to dealers in the world's third-largest car market rose 7.9% to 4.6 million units in the financial year 2026, industry data showed, compared to the previous fiscal year's 2%, as consumer sentiment improved due to tax cuts.
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.
Total domestic two-wheeler sales in the financial year 2026 rose 10.7% on-year compared to 9.1% growth last year, the industry data showed.
(Reporting by Aditi Shah and Anuran Sadhu; Editing by Harikrishnan Nair)
((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))
April 14 (Reuters) - India's auto industry body on Tuesday flagged concerns on the possible adverse impact of the Middle East war on automotive production, input and fuel prices, and freight rates.
Here are some key details:
The West Asia conflict is expected to pose short-term challenges for the auto industry, Shailesh Chandra, president of Society of Indian Automobile Manufacturers (SIAM), said.
Uncertainties arising from the West Asia conflict, particularly prices of crude oil and commodities, higher exchange rates and disruptions in shipping routes, remain a concern for the auto sector, the industry body said.
In the near term, the conflict may weigh on export volumes, and the evolving situation reinforces the need for calibrated supply chains and diversification of energy inputs, analysts at Antique Stock Broking said.
In the entry-level segment in April so far, buyer enquiries are strong, but converting them to sales is taking longer, the SIAM president said.
Car sales by manufacturers to dealers in the world's third-largest car market rose 7.9% to 4.6 million units in the financial year 2026, industry data showed, compared to the previous fiscal year's 2%, as consumer sentiment improved due to tax cuts.
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.
Total domestic two-wheeler sales in the financial year 2026 rose 10.7% on-year compared to 9.1% growth last year, the industry data showed.
(Reporting by Aditi Shah and Anuran Sadhu; Editing by Harikrishnan Nair)
((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))
India's Ashok Leyland hits over 4-month low as March sales disappoint
** Shares of Ashok Leyland ASOK.NS fall 3.7% to 148.4 rupees, lowest since late-Nov
** ASOK one of two stocks to close in the red among Nifty Auto .NIFTYAUTO constituents; the index is up 1.9%
** Automobile maker sold 25,381 units in March 2026 vs 24,060 units a yr earlier
** Sales are, however, below estimates of Jefferies and Anand Rathi Research analysts
** Above 83.8 mln shares traded, over 4x the 30-day avg
** Stock rated "buy" on avg; median PT 202.5 rupees - data compiled by LSEG
** Stock down 16.6% YTD vs a 14% decline in Nifty Auto
(Reporting by Aleef Jahan in Bengaluru)
** Shares of Ashok Leyland ASOK.NS fall 3.7% to 148.4 rupees, lowest since late-Nov
** ASOK one of two stocks to close in the red among Nifty Auto .NIFTYAUTO constituents; the index is up 1.9%
** Automobile maker sold 25,381 units in March 2026 vs 24,060 units a yr earlier
** Sales are, however, below estimates of Jefferies and Anand Rathi Research analysts
** Above 83.8 mln shares traded, over 4x the 30-day avg
** Stock rated "buy" on avg; median PT 202.5 rupees - data compiled by LSEG
** Stock down 16.6% YTD vs a 14% decline in Nifty Auto
(Reporting by Aleef Jahan in Bengaluru)
India asks auto industry to optimise production as Iran war hurts energy supplies
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))
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))
India asks auto industry to optimise production as Iran war hurts energy supplies
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))
Ashok Leyland Approves Investment Up To GBP 30 Million In Optare PLC UK Subsidiary
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
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
India car sales to dealers rise for fifth month in February, industry body says; Mideast risks loom
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 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;))
Ashok Leyland Total Vehicle Sales Increase 28% To 20,314 Units In Feb 2026
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
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
Ashok Leyland Says Ashok Leyland West Africa SA Has Been Voluntarily Liquidated
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
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
India Auto Industry Body SIAM Says India's Jan Total Domestic Passenger Vehicle Sales 449,616 Units
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
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
Ashok Leyland Q3 Profit 7.96 Billion Rupees IBES Est 9.42 Billion Rupees
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
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
India's Ashok Leyland gains as Citi hikes target price
** 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)
** 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)
India Auto Industry Body SIAM's Says Dec Total Domestic PV Sales 399,216 Units
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
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
India's AVG Logistics gains on tie-up with Nestlé India, Ashok Leyland
** 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;))
** 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;))
Ashok Leyland Dec Total Vehicles Sold At 21,533 Units
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
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
India's Ashok Leyland hits record high; brokerages bullish post Q2 results
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)
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)
Ashok Leyland Q2 Profit Beats View
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
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
India's retail auto sales get tax, festival boost in September
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;))
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;))
India Auto Industry Body SIAM Says August Total Domestic Sales 321,840 Units
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
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
India's FADA Says Dealers Remain Confident That September Will Herald Beginning Of Accelerated Growth Cycle
QUOTES-Reactions after India cuts consumption tax on hundreds of items
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/;))
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/;))
India's Ashok Leyland to invest over $571 million in EV battery production
Adds details of investment, partnership in paragraph 3, background from paragraph 4
Sept 1 (Reuters) - Automaker Ashok Leyland ASOK.NS, India's third-largest manufacturer of commercial vehicles, said on Monday it will invest more than 50 billion rupees ($571.4 million) in domestic EV battery production.
The investment will be spread over the next 7-10 years, it said. The company plans to supply the batteries to its EV unit, called Switch, as well to as other automakers and for energy storage purposes.
Ashok Leyland will also partner with China's CALB 3931.HK, one of the world's top EV battery makers, for the battery production venture. CALB supplies EV batteries for cars, commercial vehicles, and energy storage.
With this, the automaker joins the likes of Tata Motors TAMO.NS and Ola Electric OLAE.NS that also plan to produce EV cells and batteries locally, along with legacy battery makers Exide EXID.NS and Amara Raja AMAR.NS.
Most Indian EV makers import cells from China and South Korea, rather than making them domestically.
An EV battery typically forms up to 40% of the cost of green vehicles and localising the production can help bring down costs, some automakers have said.
($1 = 87.5060 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala and Sonia Cheema)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
Adds details of investment, partnership in paragraph 3, background from paragraph 4
Sept 1 (Reuters) - Automaker Ashok Leyland ASOK.NS, India's third-largest manufacturer of commercial vehicles, said on Monday it will invest more than 50 billion rupees ($571.4 million) in domestic EV battery production.
The investment will be spread over the next 7-10 years, it said. The company plans to supply the batteries to its EV unit, called Switch, as well to as other automakers and for energy storage purposes.
Ashok Leyland will also partner with China's CALB 3931.HK, one of the world's top EV battery makers, for the battery production venture. CALB supplies EV batteries for cars, commercial vehicles, and energy storage.
With this, the automaker joins the likes of Tata Motors TAMO.NS and Ola Electric OLAE.NS that also plan to produce EV cells and batteries locally, along with legacy battery makers Exide EXID.NS and Amara Raja AMAR.NS.
Most Indian EV makers import cells from China and South Korea, rather than making them domestically.
An EV battery typically forms up to 40% of the cost of green vehicles and localising the production can help bring down costs, some automakers have said.
($1 = 87.5060 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala and Sonia Cheema)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
Ashok Leyland To Invest Up To 3 Billion Rupees In OHM
Aug 14 (Reuters) - Ashok Leyland Ltd ASOK.NS:
ASHOK LEYLAND LTD - TO INVEST UP TO 3 BILLION RUPEES IN OHM
ASHOK LEYLAND LTD - TO INVEST UP TO 57 MILLION RUPEES IN VBCL
Source text: ID:nBSE28vjkS
Further company coverage: ASOK.NS
Aug 14 (Reuters) - Ashok Leyland Ltd ASOK.NS:
ASHOK LEYLAND LTD - TO INVEST UP TO 3 BILLION RUPEES IN OHM
ASHOK LEYLAND LTD - TO INVEST UP TO 57 MILLION RUPEES IN VBCL
Source text: ID:nBSE28vjkS
Further company coverage: ASOK.NS
Ashok Leyland Gets RBI Nod To Merge Hinduja Leyland Finance Into NDL Ventures
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
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
India Autodealers Body FADA Says Cautiously Optimistic For Near Term
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
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
Ashok Leyland June Total Vehicles Sold At 15,333 Units
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
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
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What does Ashok Leyland do?
Ashok Leyland is engaged in the manufacturing of commercial vehicles and related components. Besides, the foundry division of company is mainly catering to the automotive industry in product segments of cylinder block, head and tractor housings. The Ashok Leyland product portfolio has diesel engines for industrial, genset and marine applications.
Who are the competitors of Ashok Leyland?
Ashok Leyland major competitors are Force Motors, Olectra Greentech, SML Mahindra. Market Cap of Ashok Leyland is ₹92,220 Crs. While the median market cap of its peers are ₹9,936 Crs.
Is Ashok Leyland financially stable compared to its competitors?
Ashok Leyland seems to be less financially stable compared to its competitors. Altman Z score of Ashok Leyland is 2.01 and is ranked 4 out of its 4 competitors.
Does Ashok Leyland pay decent dividends?
The company seems to pay a good stable dividend. Ashok Leyland latest dividend payout ratio is 59.07% and 3yr average dividend payout ratio is 59.74%
How has Ashok Leyland allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Ashok Leyland balance sheet?
Balance sheet of Ashok Leyland is moderately strong.
Is the profitablity of Ashok Leyland improving?
Yes, profit is increasing. The profit of Ashok Leyland is ₹3,557 Crs for TTM, ₹3,107 Crs for Mar 2025 and ₹2,484 Crs for Mar 2024.
Is the debt of Ashok Leyland increasing or decreasing?
Yes, The net debt of Ashok Leyland is increasing. Latest net debt of Ashok Leyland is ₹49,193 Crs as of Sep-25. This is greater than Mar-25 when it was ₹35,263 Crs.
Is Ashok Leyland stock expensive?
Ashok Leyland is not expensive. Latest PE of Ashok Leyland is 27.41, while 3 year average PE is 34.54. Also latest EV/EBITDA of Ashok Leyland is 13.42 while 3yr average is 15.28.
Has the share price of Ashok Leyland grown faster than its competition?
Ashok Leyland has given lower returns compared to its competitors. Ashok Leyland has grown at ~11.46% over the last 10yrs while peers have grown at a median rate of 19.6%
Is the promoter bullish about Ashok Leyland?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Ashok Leyland is 51.51% and last quarter promoter holding is 51.51%.
Are mutual funds buying/selling Ashok Leyland?
The mutual fund holding of Ashok Leyland is decreasing. The current mutual fund holding in Ashok Leyland is 7.92% while previous quarter holding is 8.32%.