ASHOKLEY

** Shares of Ashok Leyland ASOK.NS rise 3.3% to 241.73 rupees apiece

** ASOK is the top percentage gainer in auto index .NIFTYAUTO, which is up 1.25% boosted by larger-than-expected rate cut from the Reserve Bank of India

** Morgan Stanley reiterates "overweight" on ASOK and hikes target price to 288 rupees from 284 rupees, implying an upside of 23.1% over the last close in the next 12 months

** Strong net cash position will help ASOK offset subdued domestic volumes due to slower demand in fiscal 2026, says Morgan Stanley

** Brokerage says overall volume estimates remain unchanged, due to a potential increase in export volumes estimates

** The average rating of 34 analysts tracking ASOK is "buy", median target price is 255 rupees, according to data compiled by LSEG

** ASOK shares up 6.1% in 2025 so far, outperforming the 3.3% rise in auto index .NIFTYAUTO, exchange data shows

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Ashok Leyland ASOK.NS fall 3.1% to 218.35 rupees

** Commercial vehicles maker's total sales, which include domestic sales and exports, for April fell 6% Y/Y to 13,421 units

** For April, medium and heavy commercial vehicle sales fell 13% Y/Y, while light commercial vehicle sales rose 6% Y/Y

** ASOK down ~3% during the week, set to snap four week gaining streak

(Reporting by Vijay Malkar)

(([email protected];))

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

• MARCH TOTAL VEHICLES SOLD AT 24060 UNITS

Source text: ID:nBSEbtyzhh

Further company coverage: ASOK.NS

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

• ASHOK LEYLAND DEFENCE BUSINESS SECURES MULTIPLE ORDERS WORTH 7 BILLION RUPEES

Source text: [ID:]

Further company coverage: ASOK.NS

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March 26 (Reuters) - Ashok Leyland Executive ASOK.NS:

• ASHOK LEYLAND EXEC: AWAITING NO OBJECTION FROM RBI FOR LEYLAND FINANCE IPO

• ASHOK LEYLAND EXEC: NOT AVERSE TO RAISE EQUITY FOR ELECTRIC BUS OPERATIONS, BUT DON'T SEE AN URGENCY

• ASHOK LEYLAND EXEC: CERTAIN NUMBER OF 240 EMPLOYEES IN SWITCH UK OPS MIGHT STAY BACK AFTER FACILITY CLOSURE

• ASHOK LEYLAND EXEC: NOT PRIVY OF INFORMATION ON CO SHARE PLEDGE BEING USED BY PROMOTERS FOR INDUSIND BANK

• ASHOK LEYLAND EXEC: EXPLORING OPTIONS FOR MAKING VEHICLES FOR UK OPS

• ASHOK LEYLAND EXEC: SWITCH UK LOSSES SHOULD GO AWAY SOON IF SHERBURN FACILITY CEASES OPS

• ASHOK LEYLAND EXEC: SWITCH INDIA OPS EXPECTED TO ACHIEVE EBITDA BREAKEVEN IN FY25

• ASHOK LEYLAND EXEC: SWITCH INDIA OPS EXPECTED TO ACHIEVE PAT BREAKEVEN IN FY26

• ASHOK LEYLAND EXEC: NO NEW EQUITY INFUSION IN SWITCH UK

• ASHOK LEYLAND EXEC: SWITCH INDIA TO BE RUN WITH TIGHTER COST ASHOK LEYLAND EXEC: SWITCH UK LOSSES ARE AROUND 20-21 MLN POUNDS THIS YEAR

(([email protected];))

MUMBAI, March 17 (Reuters) - India's Hinduja Leyland Finance plans to raise 7 billion rupees ($80 million) through the sale of bonds maturing in 10 years, three merchant bankers said on Monday.

The company has invited bids from bankers and investors for the issue later in the day, they said.

The company did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on March 17:

*Size includes base plus greenshoe for some issues

($1 = 86.9400 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

(([email protected]))

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

• INDIA'S FEB 2-WHEELER SALES 13,84,605 UNITS - INDUSTRY BODY

• INDIA'S FEB 3-WHEELER SALES 57,788 UNITS - INDUSTRY BODY

• INDIA'S FEB TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,77,689 UNITS - INDUSTRY BODY

• INDIA AUTO INDUSTRY BODY: UPCOMING FESTIVITIES OF HOLI, UGADI IN MARCH LIKELY TO CONTINUE TO DRIVE DEMAND

Further company coverage: ASOK.NS

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Feb 19 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• BAGGED ORDER FOR SUPPLYING 320 BS VI BUSES TO TAMIL NADU STATE TRANSPORT CORPORATION

• ORDER WORTH 2.98 BILLION RUPEES

Source text: [ID:]

Further company coverage: ASOK.NS

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Feb 12 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• ASHOK LEYLAND DEC-QUARTER STANDALONE PROFIT 7.62 BILLION RUPEES

• ASHOK LEYLAND DEC-QUARTER STANDALONE REVENUE FROM OPERATIONS 94.79 BILLION RUPEES

Further company coverage: ASOK.NS

(([email protected];))

Feb 6 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• INDIA'S FADA: OVERALL AUTO RETAIL GREW BY 6.6% YOY IN JAN

• INDIA'S FADA: PERSISTENT CASH-FLOW CONSTRAINTS, SUBDUED INDUSTRIAL DEMAND COULD CAP UPSIDE POTENTIAL

• INDIA'S FADA: SUPPORTIVE POLICIES, POST-BUDGET STIMULUS MAY HELP SUSTAIN SECTOR’S EARLY-YEAR GAINS

• INDIA'S FADA: ONGOING FESTIVE/WEDDING DEMAND, FRESH PRODUCT INTRODUCTIONS COULD SUSTAIN FOOTFALLS IN NEAR-TERM

• INDIA'S FADA: NEARLY HALF OF DEALERS ANTICIPATE GROWTH IN FEB,43% EXPECT SALES TO STAY FLAT,11% FORESEE DIP

• INDIA'S FADA: AUTO RETAIL SECTOR ENTERS FEBRUARY WITH CAUTIOUS OPTIMISM

Source text: [ID:]

Further company coverage: ASOK.NS

(([email protected];;))

Jan 14 (Reuters) -

• INDIA'S DEC TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,14,934 UNITS - INDUSTRY BODY

• INDIA'S DEC 2-WHEELER SALES 11,05,565 UNITS - INDUSTRY BODY

• INDIA'S DEC 3-WHEELER SALES 52,733 UNITS - INDUSTRY BODY

• INDIA'S JAN-DEC TOTAL DOMESTIC PASSENGER VEHICLE SALES 42,74,793 UNITS - INDUSTRY BODY

• INDIA'S JAN-DEC 2-WHEELER SALES 1,95,43,093 UNITS - INDUSTRY BODY

• INDIA'S JAN-DEC 3-WHEELER SALES 7,28,670 UNITS - INDUSTRY BODY

(([email protected];))

Jan 2 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• DEC TOTAL VEHICLES SOLD AT 16957 UNITS

Source text: ID:nBSE88Y1V8

Further company coverage: ASOK.NS

(([email protected];;))

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

• ANNOUNCES PRICE INCREASE UP TO 3% EFFECTIVE JANUARY 2025

• ANNOUNCES PRICE INCREASE EFFECTIVE JANUARY 2025

• PRICE INCREASE TO VARY BY MODEL AND VARIANT

• PRICE INCREASE DUE TO INFLATION AND HIGHER COMMODITY PRICES

Source text: ID:nBSE46qG0k

Further company coverage: ASOK.NS

(([email protected];;))

Dec 2 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• NOV TOTAL VEHICLES SOLD AT 14137 UNITS

Source text: ID:nBSEbf4VkJ

Further company coverage: ASOK.NS

(([email protected];;))

Nov 15 (Reuters) - INDIA AUTO DEALERS' BODY FADA:

• NEARLY HIT OUR FORECASTED TARGET OF 4.3 MILLION VEHICLES DURING 42 DAYS FESTIVE PERIOD

• AUTO INDUSTRY YET TO FULLY BENEFIT FROM GOVERNMENT PUSH IN INFRASTRUCTURE SPENDING

• EXPECTS GOVERNMENT PUSH IN INFRASTRUCTURE SPENDING TO BOLSTER COMMERCIAL VEHICLE SALES

• COULD HAVE MET 4.5 MLN UNITS TARGET IF NOT FOR UNSEASONAL HEAVY RAINS IN SOUTH INDIA

• ANTICIPATES CAR STOCK LEVELS WILL REDUCE FURTHER FROM OCTOBER LEVELS

• URGES OEMS TO FOCUS ON LIQUIDATING 2024 STOCK AHEAD OF YEAR END

• LOOKING AHEAD, TRACTORS TO PERFORM BETTER, SUPPORTED BY GOOD RAINFALL, RISE IN MSP OF CROPS

(([email protected];))

MUMBAI, Nov 13 (Reuters) - India's Hinduja Leyland Finance has accepted bids worth 5 billion rupees ($59.27 million) for bonds maturing in three years, three merchant bankers said on Wednesday.

The company will pay a coupon of 9.00% and invited bids from bankers and investors for the issue earlier in the day, they added.

The notes have a put option at the end of 18 months and 24 months.

The company did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on Nov. 13:

*Size includes base plus greenshoe for some issues

($1 = 84.3580 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Abinaya Vijayaraghavan)

(([email protected]))

MUMBAI, Nov 12 (Reuters) - India's Hinduja Leyland Finance plans to raise 5 billion rupees ($59.24 million) through sale of bonds maturing in three years, three merchant bankers said on Tuesday.

The company has invited bids from bankers and investors for the issue on Wednesday.

The notes have a put option at the end of 18 months and 24 months, the bankers said.

The company did not immediately reply to a Reuters' email seeking comment.

Here is the list of deals reported so far on Nov. 12:

*Size includes base plus greenshoe for some issues

($1 = 84.3990 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Subhranshu Sahu)

(([email protected]))

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

• ASHOK LEYLAND Q2 PROFIT 7.7 BILLION RUPEES; IBES PROFIT EST. 5.66 BILLION RUPEES

• ASHOK LEYLAND Q2 REVENUE FROM OPERATIONS 87.69 BILLION RUPEES; IBES EST. 88.12 BILLION RUPEES

• ASHOK LEYLAND DIVIDEND 2 RUPEES

Source text: ID:nnAPN2DKXKI

Further company coverage: ASOK.NS

(([email protected];))

** Shares of automobile maker Ashok Leyland ASOK.NS fall as much as 3.5% to 202 rupees, their lowest since June 4

** ASOK says for the month of Oct, its total vehicles sale fell 9.2% Y/Y while domestic vehicles sale were down 10.7% Y/Y

** ASOK among top pct loser on Nifty Auto index .NIFTYAUTO, which is down 1.4%

** Avg rating of 37 analysts equivalent of "buy", median PT is 270 rupees - LSEG data

** Stock fell 11.6% in the month of Oct, its third straight monthly fall

** Stock last down 2%, cutting YTD gains to 13% vs 26.2% gains by the auto index

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Oct 28 (Reuters) - Allison Transmission Holdings Inc ALSN.N:

• ALLISON TRANSMISSION AND ASHOK LEYLAND TO INTRODUCE LOW- FLOOR CITY BUSES EQUIPPED WITH FULLY AUTOMATIC TRANSMISSIONS IN INDIAN STATE OF TAMIL NADU

Source text: ID:nPn5bgVX4a

Further company coverage: ALSN.N

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Oct 24 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• ASHOK LEYLAND SUBSIDIARY BAGS ORDER FOR 500 ELECTRIC BUSES FROM MTC, CHENNAI

Source text for Eikon: ID:nBSE405Sj7

Further company coverage: ASOK.NS

(([email protected];))

Oct 7 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• INDIA'S AUTO DEALER'S BODY: SEPT OVERALL SALES WITNESSED SIGNIFICANT DECLINE OF -9.26% YOY

• INDIA'S FADA: PASSENGER VEHICLE DEALERS FACING ALL TIME HIGH INVENTORY LEVELS OF 80-85 DAYS

• INDIA'S FADA: PASSENGER VEHICLE DEALERS UNDER FINANCIAL PRESSURE, INCREASED CASH FLOW CHALLENGES

• INDIA'S FADA: URGE RBI TO ISSUE STRICTER RULES ON CHANNEL FUNDING TO MITIGATE DEALERS FINANCIAL RISK

• INDIA'S FADA - MIXED PERFORMANCE OBSERVED ACROSS SEGMENTS IN SEPT

• INDIA'S FADA - MONSOON DISRUPTED RETAIL PERFORMANCE IN REGIONS, NEGATIVELY IMPACTING DEMAND

• INDIA'S FADA - FESTIVE SEASON BOOST WITH BOTH NAVRATRI, DIWALI FALLING IN SAME MONTH,EXPECTED TO UPLIFT SALES

• INDIA'S FADA - FAVOURABLE AGRI CONDITIONS LIKELY TO SPUR RURAL DEMAND FOR 2W, PV, TRAC SEGMENTS
  

Source text for Eikon: [ID:]

Further company coverage: ASOK.NS

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Oct 3 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• PARTNERS WITH NIDEC FOR DEVELOPING NOVEL E-DRIVE MOTORS FOR COMMERCIAL VEHICLES

Source text for Eikon: [ID:]

Further company coverage: ASOK.NS

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

• ASHOK LEYLAND - CO, FLIXBUS INDIA SIGNED MOU

• ASHOK LEYLAND - MOU TO PROVIDE FLIXBUS PARTNERS ACCESS TO CO'S VALUE-ADDED SERVICES

Further company coverage: ASOK.NS

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

• INDIA'S AUGUST TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,52,921 UNITS- INDUSTRY BODY

• INDIA'S AUGUST 2-WHEELER SALES 17,11,662 UNITS - INDUSTRY BODY

• INDIA'S AUGUST 3-WHEELER SALES 69,962 UNITS - INDUSTRY BODY

• INDIA AUTO INDUSTRY BODY: AS COUNTRY ENTERS FESTIVE SEASON, DEMAND FOR VEHICLES EXPECTED TO GROW

Source text for Eikon: [ID:]

Further company coverage: ASOK.NS

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Sept 2 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• ASHOK LEYLAND - AUG TOTAL VEHICLES SOLD 14463 UNITS

Further company coverage: ASOK.NS

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Aug 14 (Reuters) - Society of Indian Automobile Manufacturers:

• INDIA'S JULY TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,41,510 UNITS - INDUSTRY BODY

• INDIA'S JULY 3-WHEELER SALES 59,073 UNITS - INDUSTRY BODY

• India's July 2-Wheeler Sales 14,41,694 Units - Industry Body

(([email protected];))

** Shares of Ashok Leyland ASOK.NS jump 6% to 246.5 rupees

** Analysts at UBS upgrade the stock to "buy" from "neutral", raises PT to 280 rupees from 190 rupees

** Upgrades stock considering resilience in commercial vehicle demand, a strong pricing environment and favourable valuation

** Stock trading near the average historical valuations, while other automakers are trading above historical valuations, says UBS

** ASOK top gainer on the Nifty Auto index .NIFTYAUTO, which is up 1.2%

** On Thursday, ASOK posted a Q1 profit that missed estimates as tax expenses weighed, even as rev rose 5% y/y

** Analysts rate ASOK "buy" on avg, same as six other stocks on 15-member auto index - LSEG data

** ASOK's 36% YTD gains underperform auto index's near 40% rise

(Reporting by Nishit Navin)

(([email protected];))

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

• ASHOK LEYLAND Q1 PROFIT 5.26 BILLION RUPEES; IBES PROFIT EST. 5.66 BILLION RUPEES

• ASHOK LEYLAND Q1 REVENUE FROM OPERATIONS 85.99 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: ASOK.NS

(([email protected];))

July 17 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• HINDUJA TECH SIGNS DEFINITIVE AGREEMENT TO ACQUIRE TECOSIM GROUP GMBH

• DEAL FOR ENTERPRISE VALUE OF ABOUT EUR 21 MILLION

Source text for Eikon: ID:nBSEbBnNsn

Further company coverage: ASOK.NS

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