Ashok Leyland takes cost cutting route, to save Rs 500 cr in a year

The firm’s Whole-Time director and CFO, Gopal Mahadevan, told reporters at an event held in city recently that the cost-saving initiatives are going to very important to them. Continue Reading

Will rural sector buck the trend and help revive auto sector?

ACMA, an apex body representing the interests of the Indian auto component industry, announced that around one million jobs could be lost if the slowdown, that has set in unnoticed last year, persisted. Continue Reading

Ashok Leyland, HPCL to offer roadside assistance to CVs

Ashok Leyland has announced that it has signed a memorandum of understanding (MoU) with Hindustan Petroleum Corporation Limited (HPCL) to jointly offer ‘Sadak ka Saathi’, a roadside assistance programme for commercial vehicles. Continue Reading

Tesla has not been in touch with us: Leyland top man

Commercial vehicle major Ashok Leyland reported a revenue of Rs 29,055 crore and a net profit of Rs 1,983 crore for the financial year 2018-19. The company posted a 10.8 per cent EBITDA margin for FY19. Continue Reading