Ashok Leyland

Sept 15 (Reuters) -

• SIAM - INDIA'S AUG 3-WHEELER SALES 93,764 UNITS

• SIAM - INDIA FESTIVE DEMAND SEASON EXPECTED TO PROVIDE ADDITIONAL BOOST, RESULTING IN HEALTHY Q2 NUMBERS

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S AUG TOTAL DOMESTIC PASSENGER VEHICLE SALES 4,39,309 UNITS

• INDIA'S AUG 2-WHEELER SALES 2.03 MLN UNITS

(([email protected];))

** Truckmaker Ashok Leyland's ASOK.NS shares rise about 2% to 175.05 rupees

** June quarter profit rises 2.3% Y/Y; Revenue from operations up 10.4%

MARGINS UNDER PRESSURE, GROWTH UNDER WATCH

** Jefferies ("Hold," PT: 160 rupees) says truck demand has improved sharply since Oct, but growth rate is likely to moderate in H2FY27 on high base

"We like improved industry profitability but are concerned on longevity of truck cycle, which limits our positive stance," - Jefferies

** ICICI Securities ("Hold," PT: 175 rupees) says margin pressure could remain sticky in the near term due to commodity inflation

** BOB Capital Markets ("Hold," PT: 192 rupees) says medium-term risks stem from geopolitical uncertainties that could weigh on growth and revenue, while a sharp rise in commodity prices remains a concern due to its potential to drive cost inflation

** Ambit Capital ("Buy," PT: 201 rupees) says growth could moderate in the near term amid a high base, inflationary pressures and demand headwinds, although replacement demand and fleet expansion are expected to support medium-term industry growth

(Reporting by Abhinav Parmar in Bengaluru)

(([email protected];))

Aug 14 (Reuters) - Ashok Leyland Limited ASOK.NS:

• Q1 PROFIT 6.09 BILLION RUPEES

• Q1 REVENUE FROM OPERATIONS 96.34 BILLION RUPEES

Further company coverage: ASOK.NS

(([email protected];;))

Aug 13 (Reuters) -

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S JULY TOTAL DOMESTIC PASSENGER VEHICLE SALES 4,57,810 UNITS

• SIAM - INDIA'S JULY 3-WHEELER SALES 92,560 UNITS

• SIAM - INDIA'S JULY 2-WHEELER SALES 19,23,483 UNITS

(([email protected];))

Aug 6 (Reuters) - Ashok Leyland Limited ASOK.NS:

• INDIA’S FADA: JULY COMMERCIAL VEHICLE RETAIL SALES ROSE 24.04% Y/Y

• INDIA’S FADA: LOOKING AHEAD TO AUGUST’26, DEALER OPTIMISM FIRMS CONSIDERABLY

• INDIA’S FADA: OVERALL, NEXT THREE MONTHS APPEAR DECISIVELY CONSTRUCTIVE

• INDIA AUTODEALERS BODY FADA: JULY OVERALL AUTO RETAIL SALES ROSE 25.89% Y/Y

• INDIA’S FADA: JULY TWO-WHEELERS RETAIL SALES ROSE 28.25% Y/Y

• INDIA'S FADA: JULY PASSENGER VEHICLE RETAIL SALES ROSE 19.13% Y/Y

• INDIA'S FADA: ALTERNATIVE FUELS ARE NOW WITHIN STRIKING DISTANCE OF PETROL IN PASSENGER VEHICLE MARKET

Further company coverage: ASOK.NS

(([email protected];))

** Shares of commercial vehicle maker Ashok Leyland ASOK.NS up 2.7% at 170.70 rupees--highest level since May 7, 2026

** Co reports 30% uptick in total vehicle sales in July to 19,590 units

** Domestic total vehicle sales during the monthly climbed 33% to 17,980 units

** Total medium and heavy commercial vehicles rose 29% to 12,270 units while light commercial vehicles rose 32% to 7,320 units in July

** YTD, stock down 4.6%

(Reporting by Saikeerthi in Bengaluru)

(([email protected]; (+91) 8296756080))

July 15 (Reuters) -

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S JUNE TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,88,144 UNITS

• SIAM - INDIA'S JUNE 2-WHEELER SALES 18,51,400 UNITS

• SIAM - INDIA'S JUNE 3-WHEELER SALES 77,951 UNITS

• SIAM - OVERALL CONSUMER SENTIMENT AND DEMAND REMAIN STEADY AT PRESENT

• SIAM: INDUSTRY CONTINUES TO CLOSELY MONITOR GEOPOLITICAL DEVELOPMENTS AND PROGRESS OF MONSOON

Further company coverage: ASOK.NS

(([email protected];;))

July 13 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• ARBITRAL TRIBUNAL ALLOWED PART OF CLAIMS OF CO IN SUM OF 2.23 BILLION RUPEES

• ARBITRAL TRIBUNAL ALLOWED CLAIMS OF CO AGAINST DELHI TRANSPORT CORP

Source text: ID:nBSEbx4bVS

Further company coverage: ASOK.NS

(([email protected];;))

Rewrites throughout with comments from president of auto dealers' body

By Kashish Tandon

July 6 (Reuters) - India's appetite for electric, hybrid and compressed natural gas vehicles accelerated after the Iran war triggered fuel price hikes, the president of the country's auto dealers' body said, with such models reaching a record share of passenger vehicle sales in June.

Alternative-fuel vehicles accounted for 40.35% of PV retail sales in June, up from about 38% a month earlier, as consumers increasingly sought cheaper running costs after petrol and diesel prices were raised several times in May.

"We need to watch whether this is an emotional knee-jerk reaction from customers or whether this growth is here to stay," C.S. Vigneshwar, president of the Federation of Automobile Dealers Associations (FADA), told Reuters on Monday.

Overall vehicle sales rose 21.8% to a record 2.6 million units, with PV sales rising 28.6% year-on-year to 410,853 units.

Among PVs, CNG models accounted for 24.3% of total sales, while hybrids made up 8.3% and electric vehicles 7.8%.

Industry leader Maruti Suzuki MRTI.NS said last month that bookings for its CNG cars jumped 40% since the fuel price hikes.

The share of electric vehicles among overall two-wheeler sales rose to 10.6%, hitting the double-digit mark for the first time, according to FADA.

While the worst of the crude shock and supply chain disruptions from the Iran war seemed to be over, a return to complete normalcy could still take "a few quarters" and may involve some cost implications, said Vigneshwar.

(Reporting by Kashish Tandon in Bengaluru; Editing by Rashmi Aich, Mrigank Dhaniwala and Janane Venkatraman)

(([email protected]; 8800437922;))

July 1 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• ASHOK LEYLAND - JUNE TOTAL VEHICLES SOLD AT 19,194 UNITS

Further company coverage: ASOK.NS

(([email protected];))

By Aditi Shah

NEW DELHI, June 29 (Reuters) - India's capital New Delhi will offer a cash incentive of over$1,000 to car owners willing to scrap their old vehicle for an EV, according to a new policy finalised by the government on Monday in a move aimed at reducing high levels of air pollution.

New Delhi is one of the world's most polluted cities with air quality worsening in the winters when dense, stagnant air traps emissions from crops burning in neighbouring states, vehicle exhaust and construction dust.

Here are some details:

• The local government in New Delhi finalises new electric vehicle policy with an outlay of 150 billion rupees ($1.59 billion) over four years to incentivise buyers of electric two-wheelers, cars and small trucks, as well as setting up EV chargers.

• To offer $1,060 as scrapping incentive to those who trade in cars bought before April 1, 2020 for an EV.

• Those buying a battery EV priced at up to 3 million rupees will be exempt from paying road tax and registration fees, which typically amount to 4%-10% of the car's price.

• Buyers of electric scooters and motorbikes will get a cash incentive of 30,000 rupees in the policy's first year, reducing to 10,000 rupees by year three.

• Delhi government will only register electric two-wheelers from April 1, 2028, forcing buyers to move away from gasoline and other powertrains.

• Will also incentivise setting up 32,000 EV charging points across Delhi.

• Hybrid vehicles have not been included in the policy which is expected to come into effect from July 1.

• Policy will provide a big boost to EV players like Tata Motors TAMO.NS and Mahindra & Mahindra MAHM.NS as well as electric two-wheeler makers TVS Motor TVSM.NS, Bajaj Auto BAJA.NS and Ather Energy.

(Reporting by Aditi Shah; Editing by Susan Fenton)

(([email protected]; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))

June 15 (Reuters) -

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S MAY TOTAL DOMESTIC PASSENGER VEHICLE SALES 4,38,854 UNITS

• SIAM - INDIA'S MAY 3-WHEELER SALES 70,720 UNITS

• SIAM - INDIA'S MAY 2-WHEELER SALES 19,02,209 UNITS

• SIAM - LOWER BASE EFFECT OF PREVIOUS MAY, DEMAND CREATED DUE TO REDUCED GST RATES GETTING REFLECTED IN HIGHER OFF-TAKE THIS MONTH

Further company coverage: ASOK.NS

(([email protected];;))

June 8 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• INDIA AUTODEALERS BODY FADA: MAY OVERALL AUTO RETAIL SALES ROSE 9.55% Y/Y

• INDIA’S FADA:MAY PASSENGER VEHICLE RETAIL SALES ROSE 23.25% Y/Y

• INDIA’S FADA:MAY COMMERICAL VEHICLE RETAIL SALES ROSE 5.29% Y/Y

• INDIA’S FADA: MAY TWO-WHEELERS RETAIL SALES ROSE 7.54% Y/Y

Source text: [ID:]

Further company coverage: ASOK.NS

(([email protected];;))

June 1 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• ASHOK LEYLAND - TOTAL VEHICLE SALES INCLUDING EXPORTS FOR MAY 2026 AT 14,923 UNITS

Source text: ID:nBSEbBnctC

Further company coverage: ASOK.NS

(([email protected];))

** Ashok Leyland ASOK.NS shares fall 0.7% to 162.49 rupees after gaining in six of the previous seven sessions

** Q4 profit rises 12.8%; revenue from operations up 18.9% from a year earlier

** Declares dividend of 2.5 rupees/shr

** Ambit Capital says Q4 results were broadly in line, with margin performance helped by value engineering and tighter cost control despite persistent commodity pressure

** BOB Capital Research says commodity inflation and provisions weigh on cost structure

** Emkay Global says two-wheeler and commercial vehicle demand will be stronger than passenger vehicle demand because many owners are due to replace aging vehicles, creating a demand upcycle

** Jefferies says outlook is clouded by rising fuel prices, and potential impact of higher inflation and weak monsoon on economy

** YTD, stock down 8.7% vs 8.5% decline in Nifty 50 Index .NSEI

(Reporting by Abhinav Parmar in Bengaluru)

(([email protected];))

May 28 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• ASHOK LEYLAND MARCH-QUARTER PROFIT 14.05 BILLION RUPEES

• ASHOK LEYLAND MARCH-QUARTER REVENUE FROM OPERATIONS 141.6 BILLION RUPEES

• ASHOK LEYLAND - DIVIDEND 2.5 RUPEES PER SHARE

Source text: [ID:]

Further company coverage: ASOK.NS

(([email protected];))

May 25 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• ASHOK LEYLAND - ANNOUNCES ORDER FOR 715 VEHICLES FROM VRL LOGISTICS

Source text: ID:nBSE2856y9

Further company coverage: ASOK.NS

(([email protected];))

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

(([email protected];))

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)

(([email protected]))

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

(([email protected];))

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:]

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)

(([email protected]; 8800437922;))

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)

(([email protected]; +91 8697274436;))

April 1 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• MARCH TOTAL VEHICLES SALES AT 25,381 UNITS

Source text: ID:nBSE8Vfzg5

Further company coverage: ASOK.NS

(([email protected];))

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)

(([email protected]; +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)

(([email protected]; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))

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

(([email protected];))

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)

(([email protected]; +91 8921483410;))

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

(([email protected];))

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

(([email protected];))