Raw material prices including prices of precious metals spiralled northwards. To deal with the rising input costs, Original Equipment Manufacturers (OEM) have had to pass on the price hike on more than one occasion to end consumers. For instance, Tata Motors announced an average price hike of 1.8 per cent on its passenger vehicle range across models and variants effective[Read More…]
In a rare transition seen in the consulting business world, Sarwant Singh Ex-Managing Partner – Middle East, Africa and South Asia at Frost Sullivan has joined the leadership team of Ashok Leyland owned Switch Mobility. He joins the latter as the President and Chief Planning Officer effective May 01’ 2021. In an additional charge, he has taken up the role[Read More…]
Frost & Sullivan recognized leading organizations across The Gulf Cooperation Council (GCC), India, Asia and North America at its 2020 Best Practices Virtual Awards Ceremony on Dec. 15, 2020. Twenty-seven organizations were recognized for their visionary growth, innovation, leadership, commitment, customer service and successful business strategies required to advance in the global marketplace. The awards were presented[Read More…]
The Board of Directors of Ashok Leyland, at the board meeting recently, decided to induct Saugata Gupta as Independent Director and Vipin Sondhi as Director to its Board of Directors. Saugata is a very well accomplished corporate leader and is currently the Managing Director & Chief Executive Officer of Marico Limited. He is credited with transforming Marico into a high[Read More…]
Ashok Leyland Limited, Indian flagship of the Hinduja Group, reported a revenue of Rs 3929 crore which was 48% lower than the same period last year (Rs 7621 crore). The Total Industry Volume had come down by 53%. PBT (before exceptional item) for the quarter was at Rs 84 crore (Rs 688 crore) and PAT was at Rs 39 crore[Read More…]
Ashok Leyland earmarks 20 billion capex for key CV projects to be executed over the next two fiscal years. Bhargav TS and Ashish Bhatia Ashok Leyland has earmarked 20 billion (Rs.2000 crores) as the capex for key CV projects to be executed over the next two fiscal years. Having reported total revenue of Rs.29055 crores with a net profit of[Read More…]
The Automotive World (AW) Megatrends conference, featured a panel discussion participated by eminent speakers from the CV industry. The roster included Ravi Pisharody, President CVBU, Tata Motors, Marc Llistosella, CEO and MD, Daimler India Commercial Vehicles (DICV), A Ramasubramanian, President, AMW Motors and Anders Grundstromer, MD, Scania Commercial Vehicles India (SCVI). While addressing a host of issues, the speakers focused[Read More…]
V Sumantran, one of the noted figures in automotive world, has stepped down as vice-chairman from the board of Hinduja Automotive and Ashok Leyland. At the meeting of the Board of Directors of Ashok Leyland held on March 13, 2014, the resignation of Sumantran who is serving as non-executive vice chairman of the company, was accepted. His resignation will be[Read More…]
