Press Releases
Archives

March 2014

Thursday, March 13, 2014
Dr. Sumantran steps down from role as Vice-Chairman of Hinduja Automotive Ltd.
Published From:
Chennai
Hinduja Automotive Ltd., the holding company of Ashok Leyland Ltd., announced the intent of Dr. V Sumantran, Executive Vice-Chairman, to step down from the Board and this would become effective from...
Hinduja Automotive Ltd., the holding company of Ashok Leyland Ltd., announced the intent of Dr. V Sumantran, Executive Vice-Chairman, to step down from the Board and this would become effective from 31 March 2014. Dr. Sumantran has also stepped down from his position on the Board of Ashok Leyland Ltd. However, he will continue as advisor to the Hinduja Group, while he pursues his interests in academia, research and consulting.
 
Dr. Sumantran, among many responsibilities, had overseen the LCV business of Ashok Leyland, through their Joint-Venture with Nissan. Over the past few years, Ashok Leyland had launched a new range of products including the successful Dost SCV, the award-winning Stile and most recently, the Partner LCV truck and MiTR LCV Bus launched nationally at the Auto Expo last month.
 
Dheeraj Hinduja, Co-Chairman, Hinduja Automotive Ltd said: ''Dr.Sumantran has played a key role in expanding Ashok Leyland's product range and new businesses and in creating a strong partnership with Nissan. I have greatly valued his vast experience, knowledge and his advice over the past several years. I wish him all success in his new pursuits.''
 
Dr. Sumantran said: ''When I had joined the Board, getting Ashok Leyland into the LCV business was a major objective. Now, with the launch of the Partner and MiTR, we have seen completion of the first phase of our co-operation with Nissan. This was a suitable juncture for me to look to pursuing other interests, including some work with academia, research and consulting. I have the privilege to work with a phenomenally motivated and accomplished team, supportive share-holders and highly experienced Board colleagues and management. I wish them every success in the years ahead.''
 

February 2014

Wednesday, February 5, 2014
Ashok Leyland displays the full range of next-generation Commercial Vehicles at Auto Expo 2014
Published From:
New Delhi
Ashok Leyland, flagship of the Hinduja Group, displayed its full range of next-generation Commercial Vehicles (CVs) at the Auto expo in Greater Noida. The company displayed products ranging from 3.5...

Ashok Leyland, flagship of the Hinduja Group, displayed its full range of next-generation Commercial Vehicles (CVs) at the Auto expo in Greater Noida. The company displayed products ranging from 3.5 T to 25T, - DOST, STiLE, Partner, MiTR, BOSS and Captain - all built on modern and contemporary vehicle platforms. This full-range of Fully Built vehicles sports contemporary design, new-generation platforms and offers best-in-class efficiency, performance and comfort.

Designed and developed basis extensive customer feedback and based on a deep appreciation of their concerns and requirements, these products will offer uncompromising standards of operating economics and performance parameters.

With this new line-up, Ashok Leyland has an entirely new suite of products and is ready to strengthen its domestic market and to grow its international presence. The company is looking to service many new segments and markets with these new products.

On display are a tipper version on the DOST - a less than 2.5 GVW vehicle that offers last-mile connectivity; a completely customised STile - the people carrying MPV; a school-bus version of MiTR - their new LCV bus; PARTNER truck with industry-first curtain slider on either side to improve operational efficiency; a refrigerated variant of BOSS the Intermediate Commercial Vehicle (ICV) that comes with a factory-fitted refrigerated unit and an insulated container and CAPTAIN 2523 Tipper that features an indigenously designed, factory-made cab based on the best principles of ergonomics and styling to deliver superior comfort, optimal performance and a longer life.

LCV vehicles from the joint venture between Ashok Leyland and Nissan and the indigenously developed M&HCV range of vehicles, together, promise to change the dynamics of the commercial vehicle landscape in India.

Mr. Dheeraj Hinduja, Chairman, Ashok Leyland, said, “This is our definitive range of products spanning the entire spectrum of commercial vehicles. Beautifully designed, technologically advanced and built to deliver superior value, these future-ready vehicles  represent the best of Ashok Leyland's R&D, engineering and manufacturing capabilities. With our investment cycle behind us and the market set to look-up soon, we are confident we will lead the march to an economically stronger India."

Dr. Sumantran, Vice- Chairman, Ashok Leyland, said "We are now witnessing the results of the investments of Group and the Company over the past few years. The emphasis on expanding product lines, modernising the offerings, adoption of new technologies closely linked to customer needs and offering our Indian customers a new level of experience is now manifest across the Dost, Partner, Boss and Captain. We have also successfully leveraged our joint-venture partners Nissan for the LCVs in this journey. At this show, Ashok Leyland can say we are "future-prepared"."

Speaking at the occasion, Mr. Vinod K. Dasari, Managing Director, Ashok Leyland said: "We are absolutely delighted to present our full-suite of new products across every segment of commercial vehicles. Each vehicle has been meticulously designed, performance-optimised to exacting standards and manufactured using the latest, state-of-the-art processes. The number of variants and customisation options we offer is unmatched and will offer us an unbeatable competitive edge in every segment we compete in. We are extremely buoyant about our new range and very confident that it offers best-in-class performance and efficiency standards. This is indeed the new face of Ashok Leyland."

Details about the products on display at Auto Expo 2014:

Light Commercial Vehicles (LCV):

In the sub-2.5 GVW category, the DOST tipper offers the best last-mile connectivity. It is a Ready-to-Use Vehicle (RUV) suited for light-load applications such as waste disposal. It has a remote controlled tipping mechanism, offers the lowest turning radius and comes with power steering and can be customised for refrigerated container, cash and service van and ambulance applications.

 

The customised STiLE displayed at the Expo has a globally renowned and proven dCI Common Rail engine, offers class-leading interior space, dual AC for effective air-conditioning, sliding doors for easy ingress and egress and a first-in-its-class dashboard-mounted gear lever. The Monocoque construction ensures lower noise, vibration, harshness (NVH) and improved ride quality, while its low turning radius and speed-sensitive electric power steering makes it a delight for drivers. it is best-suited for hotel shuttles, taxis and tourist carriers among others. 

PARTNER truck brings the latest LCV from Europe and Japan to Indian customers. This next-generation truck sports a

modern Euro cab with spacious car-like interiors, has a tilt-able cabin for service accessibility, a choice of two wheel base options, optional HVAC (Heating, Ventilation and Air-conditioning) and for the first time, comes with a curtain slider on either side that helps improve operational efficiency. With a lighter load-body, PARTNER offers increased allowable net pay-load to its customers in applications like parcel goods, durables, perishables and FMCG productsamong others

MiTR is a 26+1+1 seater school bus, ergonomically designed to offer superior comfort and utility to passengers and drivers. MiTR has a parabolic suspension in the front and the rear – an industry-first – and offers class-leading comfort. The MiTR school bus comes with special features such as low step-in height, hat rack and storage space below seats and a guarded driver saloon. For enhanced safety, MiTR has two emergency exit doors, brake boosters and Load Conscious Regulating Valve (LCRV). MiTR adheres to school bus body code guidelines of all state governments. Both Mitr and Partner are powered by Nissan ZD 30, 118 HP Common Rail engine, giving 5 to 8% better fuel efficiency than competition "

Medium &Heavy Commercial Vehicles (M&HCV):

In the Intermediate Commercial Vehicle (ICV) segment, BOSS offers features and comforts that are setting benchmarks in the commercial vehicle industry. The refrigerated variant or reefer on display comes with a factory-fitted refrigerated unit and an insulated container to suit various applications and is a perfect choice for the transportation of ice-cream, dairy products, frozen food, pharma products, fruits and vegetables among others.  

An ergonomically designed dashboard with intelligently placed controls and multi-angle adjustable seats, a steering column comes with tilt-able and telescopic movements and a 2-point suspended cabin offers best-n-class comfort and convenience. The LX version of BOSS comes with an Automated Manual Transmission - that eliminates the need for clutch operation and gear-shifting. Equipped with a powerful 130 HP common rail engine, the LX comes with factory-fitted air-conditioning. 

CAPTAIN 2523 Tipper is the first vehicle from the CAPTAIN series that will include tippers, tractors and haulage vehicles and offer a full spectrum of heavy vehicles from 16 to 49 Tons. It features an indigenously designed, factory-made cab based on the best principles of ergonomics and international styling to deliver superior comfort, a longer life and optimal performance. Specifically designed to meet high-productivity norms in mines, CAPTAIN 2523 Tipper is powered by the high-torque and fuel-efficient H-series CRS engine and a 9-speed gearbox, while the driveline coupled with hub-reduction technology in the rear axle adds extra traction to the wheels helping the vehicle climb steep gradients. With a heavy-duty bogie suspension, solid aggregates, best-in-class technology, international styling and superior comfort, the 2523 Tipper offers the best ROI (return-on-investment) for customers. Vehicles have undergone over 2 million kms of on-road equivalent trials and reliability testing and have recorded consistent availability during customer trials in mining. The CAPTAIN 2523 Tipper also has a state-of-the-art electrical and electronic architecture with self-diagnostic capability for greater reliability and safety.

 

January 2014

Thursday, January 30, 2014
Ashok Leyland launches state-of-the-art LCVs - PARTNER and MiTR • A product of the Nissan-Ashok Leyland joint-venture • Powered by the advanced, efficient ZD30 Common Rail diesel engine
Published From:
Chennai
Ashok Leyland, flagship of the Hinduja Group, launched two new Light Commercial Vehicles (LCV) - PARTNER truck, India’s first air-conditioned LCV goods vehicle and MiTR bus, a LCV bus with best-in-...

Ashok Leyland, flagship of the Hinduja Group, launched two new Light Commercial Vehicles (LCV) - PARTNER truck, India’s first air-conditioned LCV goods vehicle and MiTR bus, a LCV bus with best-in-class comfort. After the commercially successful Dost and the recently launched STiLE, now PARTNER and MiTR are the latest offerings from the Ashok Leyland – Nissan Joint Venture.

PARTNER, brings to the Indian customer, the latest LCV from Europe and Japan. This next-generation truck, focuses on driver comfort and sports a modern Euro cab with spacious car-like interiors and offers global levels of performance and efficiency. With a Gross Vehicle Weight (GVW) capacity of 6.6T, the PARTNER will address various applications like parcel goods, durables, perishables and FMCG products among others. With a tilt-able cabin for service accessibility, a choice of two wheel base options and optional HVAC (Heating, Ventilation and Air-conditioning) system, the PARTNER is sure to win the hearts of demanding customers. All of this is provided in a truck that, true to the lineage of Ashok Leyland LCVs, offers exceptional fuel efficiency.

MiTR is a 26+1+1 seater bus, ergonomically designed to offer superior comfort and utility to passengers and drivers. MiTR has a parabolic suspension in the front and the rear – an industry-first – and offers class-leading comfort. MiTR also has a school bus variant that adheres to school bus body code guidelines of all state governments.

Both PARTNER and MiTR are powered by an advanced ZD30 Common Rail diesel engine, that ensures superior fuel-efficiency and better turnaround time. Both products host features like power steering with tilt-able adjustment and cable-operated gear shifter for superior driver comfort. The company is offering an engine and transmission warranty of 3 years/3 lac kms and a standard warranty of 1 year/unlimited kms on the overall vehicle.

Both PARTNER and MiTR will be made available to customers through over 330 outlets across the country.

Prices (Ex-showroom, Chennai):

Partner 2850 wheel-base :  LS (with power steering) is Rs. 8.89 lacs , LX (with power steering and HVAC system) is Rs 9.19 lacs

Partner 3350 wheel-base :  LS (with power steering) is Rs. 9.19 lacs , LX (with power steering and HVAC system) is Rs 9.49 lacs

MiTR standard bus (26+1+1 seater) with power steering is Rs. 12.49 lacs.

Speaking at the occasion, Dr. V Sumantran, Vice Chairman, Ashok Leyland, said,We are delighted to present the next range of products from the Ashok Leyland-Nissan JV – PARTNER and MiTR. With these two new products, we have stayed true to our LCV mission – to deliver to the Indian customer, contemporary products that deliver best-in-class user experience, coupled with exceptional efficiency. These are exciting additions to our LCV portfolio and we are confident of delighting customers and continuing the successful winning streak of the Dost and the critically acclaimed, newly launched STiLE.”

Tuesday, January 21, 2014
Q3 was tough but Ashok Leyland optimistic about Q4
Published From:
Chennai
The continuing slowdown in the Commercial Vehicle business and a YOY drop of 32% in Total Industry Volume (TIV) in Q3 reflected in Ashok Leyland’s performance with Company revenue for the quarter...

The continuing slowdown in the Commercial Vehicle business and a YOY drop of 32% in Total Industry Volume (TIV) in Q3 reflected in Ashok Leyland’s performance with Company revenue for the quarter closing at Rs.1,953 crores (Rs. 2,406 crores same period last year) with a net loss (PAT) of Rs. 167 crores (PAT Rs. 74 crores, same period last year).

The quarter saw the launch of the critically acclaimed ICV truck, BOSS and MPV STiLE. Ashok Leyland gained market share in the trucks business buoyed by the success of the BOSS in every market where it has been launched.

“We are enthused by the extremely encouraging response to BOSS, our breakthrough product in the ICV segment. Launched across five states, the momentum BOSS has already achieved has been quite remarkable. BOSS was adjudged ‘Commercial Vehicle of the Year’ across segments and ‘ICV Cargo Carrier of the Year’ at the recently concluded CV Awards. STiLE, the new MPV from the Ashok Leyland-Nissan stable, was declared the NDTV ‘MUV of the Year’, the DNA ‘MPV of the Year’ and the CV ‘SCV People Mover of the Year’ and the product has been received very well,” said Vinod K. Dasari, Managing Director, Ashok Leyland.

In line with its policy of ensuring fiscal prudence, the company is working to lower costs, reduce debt and divest non-core assets. There has been a significant reduction in operating costs and lowered working capital; including a VRS for about 500 executives.

For the nine months ended December 2013, sales revenue stood at Rs. 6,867 crores (Rs. 8,753 crores) and net loss (PAT) at Rs. 334 crores (PAT Rs. 284 crores). Q3 results include one-time VRS costs, profit on sale of investments and certain assets.

“We look forward to the general optimism associated with Q4. Our latest offering, the CAPTAIN range of heavy trucks, brings an altogether different level of trucking experience to Indian roads and we are sure to reap its benefits. We hope orders under JNNURM will commence in Q4,” said Mr Dasari. 

The Company continues to invest in network expansion with over 600 customer touch points, including retail parts stores and containerized workshops, across the country. 

Monday, January 6, 2014
Ashok Leyland unveils the ‘CAPTAIN’ truck series
Published From:
New Delhi
·         Introduces an indigenously designed, international standard cab based on the best principles of  ergonomics and styling ·         Features rugged, heavy-duty aggregates and offers best-in-...

·         Introduces an indigenously designed, international standard cab based on the best principles of  ergonomics and styling

·         Features rugged, heavy-duty aggregates and offers best-in-class operating efficiency

·         Will be available in Tippers, Tractors and Haulage vehicles

Ashok Leyland, the flagship of the Hinduja group and one of the largest manufacturers of commercial vehicles in the country, launched the CAPTAIN series of next-generation heavy commercial vehicles in New Delhi today. Mahendra Singh Dhoni, the Company’s brand ambassador and captain of the Indian cricket team and Mr. Vinod K. Dasari, Managing Director, Ashok Leyland, unveiled CAPTAIN 2523 Tipper – the first model of the series that will include Tippers, Tractors and Haulage vehicles.

The CAPTAIN features an indigenously designed, factory-made cab based on the best principles of ergonomics and international styling to deliver superior comfort, a longer life and optimal performance. It will be manufactured at Ashok Leyland’s state-of-the-art manufacturing facility at Pantnagar, Uttarakhand. 

The CAPTAIN comes with heavy-duty aggregates and a customised powertrain and will be available across 16T GVW (Gross Vehicle Weight) to 49T GTW (Gross Trailer Weight). Powered by 160 HP to 360 HP Inline and CRS engines coupled with a highly durable transmission, the CAPTAIN series ensures greater fuel efficiency, increased vehicle uptime, faster turnaround and will reduce vehicle operating costs substantially. The product also has a state-of-the-art electrical and electronic architecture with self-diagnostic capability for greater reliability and safety.

The CAPTAIN series of trucks is specifically engineered to address the increasing demand for higher-efficiency trucks that offer an unbeatable value for Indian customers. The series is developed and engineered to meet specific trucking requirement of fleet operators with varied end-user requirements.

“It is a matter of great pride for Ashok Leyland to have delivered an indigenously designed product that meets international standards in ergonomics, design principles and performance standards. As against adapting an existing cabin design, we have designed and developed a new cabin family in-house that is specifically suited to customer needs”, said, Mr. Vinod K. Dasari, Managing Director, Ashok Leyland. “The CAPTAIN is inspired by Mahi’s values of leadership: performance, perfection and innovation. The product exceeds our expectations of performance, reliability, quality and durability. We are confident the CAPTAIN will change the dynamics of the CV market, firmly put our customers on the path to greater and sustained profitability and become a preferred brand for truckers.”

The stylish fascia with its bold badging gives it a solid presence on the road while the wide-framed windscreen offers all-round visibility. Easy-to-reach controls, a mechanically suspended driver seat with multi-level adjustments, tilt-able and telescopic steering column, air-conditioning and a music system provide an optimal and fatigue-free driving experience. The cab will be available in three variants – Economy, Standard and Deluxe across three functional configurations – Day Cab, Sleeper Cab and a High Roof Cab (depending on the applications). It has undergone rigorous roll-over and crash tests to ensure maximum safety and ensures lower NVH (Noise, Vibration and Harshness) levels.

Mahendra Singh Dhoni, said, “I am very proud to be associated with Ashok Leyland. The CAPTAIN reflects the attributes of a leader such as Ashok Leyland when it comes to robust performance, reliability and Indian ingenuity. I am sure it will offer great value to its customers and will increase their productivity. I wish Ashok Leyland the very best with its new offering.”

The CAPTAIN 2523 Tipper is designed to meet high-productivity norms in mines. The high-torque and fuel-efficient H-series common rail fuel injection system (CRS) engine and the 9-speed gearbox make the CAPTAIN 2523 Tipper truly powerful and unstoppable. The driveline coupled with hub-reduction technology in the rear axle adds extra traction to the wheels helping the vehicle climb steep gradients. With the heavy-duty bogie suspension, solid aggregates, best-in-class technology, international styling and superior comfort, the CAPTAIN 2523 Tipper offers the best ROI for customers.

Tippers will be available in three GVW nodes – 16 T, 25 T and 31 T for surface transportation and deep mining. They have undergone over 2 million kms of on-road equivalent trials and reliability testing, and have recorded consistent availability during customer trials in mining. CAPTAIN service intervals will be in multiple of ‘000 kms so scheduled maintenance time and costs are much lower.

Ashok Leyland is setting-up cab repair facilities across many dealerships and offers a 3-year full vehicle warranty and a 4-year warranty for the driveline on the product. The Company’s extensive network of over 475 full service outlets and availability of genuine Leyparts will ensure complete service support while the overall aftermarket service package and time-bound accident repair assurance will add further value to the customers’ business.

The CAPTAIN will be showcased at the upcoming Auto Expo 2014 to be held in Delhi in the month of February.