Ashok Leyland Share Price Target 2024-2030 Fundamentals & Quarterly Results

Ashok Leyland Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results –Ashok Leyland Limited (Hindujana Autonava Matar Ltd) is an Indian auto major. It is engaged in the manufacture of heavy and medium commercial vehicles as well as their components, light commercial vehicles and power supply systems. It has manufacturing sites in United Arab Emirates, Sri Lanka, Bangladesh, Nigeria, United Kingdom and Kenya including India as well. The firm has joint ventures with Alteams Group for production of high-press die-casting extruded aluminum parts used in automobiles or telecommunications fields on one hand and John Deere on the other for construction machinery production.

Latest Update- Hinduja’s group fundamental industry Ashok Leyland had seen a contraction of 6% in its pending compensations at Rs 509 million across all units; this was lower than what they made at Rs 544 million last fiscal year same period.

Ashok Leyland Overview

Belonging to the Hinduja group, Ashok Leyland is a prominent company with a long-term presence in the domestic segment of medium and heavy commercial vehicles (M&HCV). It has become one of the most fully integrated manufacturing companies due to its strong brand and diversified distribution as well as service networks throughout India, with a market reach that spans 50 countries. Chennai is where its main office is located. Establishing driver training institutes throughout India, they have trained more than 800000 drivers since they began.

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Ashok Leyland Business Profile

The Organization is the 2nd biggest commercial vehicle producer in India in reference to heavy and medium trucks, worldwide ranks as the 4th bus manufacturer and 15th biggest producer of lorries.

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M&HCV Truck Segment

FY22 saw a ~44% increase in the Co.’s sales in the M & HCV Trucks segment (excluding Defence vehicles) in India. CNG models were added to its product portfolio in the ICV trucks segment to meet the surge in demand for alternative fuels for ecommerce and last-mile delivery applications.

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Besides, augmentations in types of products like High Horsepower Mining tipper and Surface Tipper helped the company to fortify its hold in the construction and mining industries. It was the first to introduce an 8×2 Multi-Axle truck with a dual tyre lift axle and a 6×2 Multi-Axle truck with a single tyre lift axle.

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M&HCV Bus Segment

In the fiscal year 2022, the sales of the Co. in Indian M&HCV Bus segment (excluding Defence vehicles) had a surge of around 11%. With this, it acquired a significant portion of around 27% in the M&HCV Bus and Truck sector.

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LCV Segment

The Co. is providing the best SSI/CSI in the industry with lowest defect product, low warranty cost and high service retention with 547 outlets it has, such that it has a service market share of 70%. New product ‘Bada Dost’ received ‘CV of Year’ and ‘Pick up of the Year 2021-22’ awards. It aims launching 3 new domestic market products in FY 23.

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Defense

The company’s supply was at an all-time high with 1,125 completely built-up units (CBUs) which included bullet proof vehicles as well as 600 kits. In record time under emergency procurement by the Indian Army, it executed 711 ambulances in full. Furthermore, it is diversifying its product range in light vehicles, new applications on the Super Stallion platform and export market specific products.

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Distribution Network

The Co. added 71 new outlets during FY22, increasing the total count to 907 primary touch points. In order to maintain pace with the increasing volume of commercial vehicles in Northern and Eastern parts of India, it opened more than half of the new outlets in these geographic areas.

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Ashok Leyland Fundamentals & Quarterly Results

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Ashok Leyland Quarterly Results

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CAGR Report

Ashok Leyland Shareholding Pattern

Ashok Leyland Share Price Target 2024-2030 Forecast

Ashok Leyland Share Price Target 2025

Ashok Leyland Share Price Target 2026

ASHOKLEY Share Price Target 2027

Ashok Leyland Share Price Target 2028

Ashok Leyland Share Price Target 2029

Ashok Leyland Share Price Target 2030

Official Website – ashokleyland.com