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This week in Auto: SiAM estimates over 100 launches at Auto Expo, bookings open for new Maruti Swift

13h moneycontrol
The buzz for Auto Expo is rising by the day as companies tease their line-up for the biennial event which kicks off on February 7. Scores of new launches and unveiling of models will set the tone for the week-long event. (4-0)

Railways is BHEL’s first stop in bid to get 40-50% revenue from non-power areas

2018-01-19 moneycontrol
Indian Railways' massive electrification plan may just be the opportunity Bharat Heavy Electricals — the manufacturer of boilers and turbine generators for the power sector — is looking for to make sure it gets 40 to 50 percent of its revenues in some years from now. The start hasn’t been bad. From getting small contracts for sewage treatment and lake cleaning, the company is now in contention for a big one — Railways’ first large electrification tender — this one being of 400 kms. (7-0)

Over 92 large companies can pay additional dividends worth Rs 340 bn: IiAS

2018-01-18 business-standard
As many as 92 large companies which sit on a mount of cash, can pay out additional dividends to the tune of Rs 340 billion for the past financial year when these firms had muted earnings growth, says a report. These 92 companies, drawn from the BSE 500 index whose members are sitting on a whopping Rs 1.85 trillion in aggregate cash/cash equivalents, have already paid Rs 407 billion in dividends in 2016-17 but can pay Rs 340 billion more, says proxy advisory firm IiAS. (4-0)

Ashok Leyland to work with Phinergy for electric commercial vehicles

2018-01-17 thehindubusinessline
'Phinergy's high technology solution will help Indian customer to keep costs low while addressing range anxiety and reliability' (1-0)

Ashok Leyland signs pact with Israel-based Phinergy for electric CVs

2018-01-17 business-standard
Commercial vehicles (CV) major Ashok Leyland, signed a Letter of Intent (LoI) with Israel-based firm Phinergy to secure long-term arrangements for its electric CVs. Ashok Leyland and Phinergy will work towards the adaptation of unique, competitive, and sustainable solutions for high-energy applications in the commercial vehicles space in order to provide varying energy management solutions to the customers. (1-0)

Market Live: Sensex up over 200 points, Nifty around 10,750; Infosys up 3%

2018-01-17 moneycontrol
2:01 pm Order Win: State-run power equipment maker BHEL today said it has won a Rs 2,800 crore contract for 660 MW supercritical thermal power project in Maharashtra. (20-0)

Ashok Leyland, Phinergy to partner for electric CV programme

2018-01-17 moneycontrol
Hinduja group flagship firm Ashok Leyland today said it has signed a letter of intent with Israel's Phinergy for electric commercial vehicles. (1-0)

Ashok Leyland joins hands with Israel co for electric vehicles

2018-01-17 moneycontrol
Ashok Leyland, the flagship company of the Hinduja Group, signed a letter of intent with Phinergy of Israel to secure long-term arrangements for electric vehicles. (4-0)

Ashok Leyland Limited - Press Release

2018-01-17 nseindia
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information. (1-0)

What higher truck sales and weak rentals say about the economy

2018-01-17 livemint
Truck rentals and sales, which are indicators of economic activity, have sent contradictory and confusing signals in the last few months. On the one hand, truck rentals have been trending down after the festive season, reflecting weak demand for freight. On the other hand, truck sales have been skyrocketing, beating all other auto segments, which shows the economy is doing well. Which view is the correct one? (4-0)

Medium, heavy commercial vehicle sales on multiple-year high at 2017-end

2018-01-16 business-standard
The volumes of medium and heavy commercial vehicles (M&HCVs), which bring the bulk of revenue to companies like Tata Motors and Ashok Leyland, stood at a multiple year high in 2017. A Tata Motors spokesperson said the domestic CV industry witnessed challenge in the initial months of FY18 due to demonetisation (implemented in November 2016). (4-0)

Ashok Leyland Limited - Results

2018-01-16 nseindia

Auto firms seen reporting strong revenue in Q3 but margins may remain under pressure

2018-01-15 livemint
Mumbai/New Delhi: Automobile manufacturers are expected to report strong revenue and profit growth in the third quarter of the current fiscal year, boosted partly by the favourable effect of a low base in the year earlier quarter when demonetization was announced. (10-0)

In Q3, auto sector to report robust topline growth but low margins: Report

2018-01-14 business-standard
Though auto companies are set for better revenue growth in the December quarter, primarily boosted by pick-up in rural demand and low-base effect due to the note ban impact, higher input costs and year-end offers would crimp their margins, says a report. Most auto companies and ancillaries are likely to report double-digit revenue growth of 14-51 per cent during the third quarter, says a weekend report by HDFC Securities. (8-0)

Auto sector set for robust topline growth in Q3

2018-01-14 thehindubusinessline
Though auto companies are set for better revenue growth in the December quarter, primarily boosted by pick-up in rural demand and low-base effect due to the note ban impact, higher input costs and year-end offers would crimp their margins, says a report. (8-0)