Ashok Leyland sales tank 90% in March at 2,179 units, FY20 sales down 37%, Auto News, ET Auto

The cumulative sales of M&HCV dropped by 45 percent 78,607 units in FY'20, sales of LCV registered a decline of 14 percent at 46,646 units in the same period.
The cumulative product sales of M&HCV dropped by forty five per cent 78,607 models in FY’20, product sales of LCV registered a drop of fourteen per cent at forty six,646 models in the exact period.

New Delhi: Hinduja Team flagship enterprise Ashok Leyland on Monday documented a 90 per cent drop in total product sales at two,179 models for March 2020, as against 21,535 models in the exact thirty day period past calendar year.

Sales for its medium and large industrial cars (M&HCV) dropped by 89 per cent at one,831 models in March as against sixteen,034 models in the calendar

Read More

Ashok Leyland to acquire 19% stake in Hinduja Leyland Finance for Rs 1200 crore, Auto News, ET Auto

NEW DELHI: Chennai based mostly Professional vehicle producer, Ashok Leyland, to purchase 19 for each cent stake in Hinduja Leyland Finance Confined (HLFL) for Rs 1200 crore, the enterprise stated in BSE filing on Wednesday.

The second-greatest professional vehicle producer in its communication stated that “The board of administrators of the enterprise, at the assembly held now, have accredited to purchase up to 19 for each cent additional fairness shares in Hinduja Leyland Finance Confined, from the present shareholders, in tranches, for a thought not exceeding Rs.1200 Crores subject to these approvals, consents, sanctions and permissions of the acceptable authorities,

Read More