Tweet Ashok Leyland Ltd. has reported its highest-ever Q1 FY25 commercial vehicle volume, leading to record revenue, EBITDA margins, and profit before tax. Q1 industry volumes were at levels comparable to the previous peak of Q1 FY19. ALL’s Q1 performance has exceeded all expectations, delivering excellent results through focused market performance and cost management,” said Executive Chairman Dheeraj Hinduja. Hinduja[Read More…]
Tweet The 2024 budget has introduced several changes with significant implications for the commercial vehicle ecosystem. Ashish Bhatia looks at the positive aspects and areas that could have been addressed. The automotive ecosystem, encompassing and not limited to commercial vehicle manufacturers, component suppliers, and logistics providers, stands to benefit from several budgetary measures. Taxation and Incentives The budget has streamlined[Read More…]
Tweet The Vote On Account or the Interim Union Budget 2024-25 gave signs of what’s to come for the auto industry in the Full Budget, writes Ashish Bhatia. The Vote On Account or the interim Union Budget attempted to sustain the momentum from the Union Budget 2023. It surpassed the previous CapEx outlay at 3.3 per cent of the GDP[Read More…]
Tweet Ashok Leyland, a commercial vehicle manufacturer in India, has kicked off its ‘M&HCV Expo’ series in Bengaluru. This initiative, starting today, aims to showcase the company’s latest Medium and Heavy Commercial Vehicles (M&HCV) across major cities in India. The first expo in Bengaluru will be followed by events in Delhi, Mumbai, Hyderabad, Kolkata, and other cities over the coming[Read More…]
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