Barely hours into his new role as SIAM President, Mr. Shenu Agarwal, Managing Director and CEO of Ashok Leyland, was already facing some of the toughest questions facing the industry. What followed was a candid and direct conversation that offered a clear picture of where India’s commercial vehicle industry is headed — and what needs […]
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The Society of Indian Automobile Manufacturers (SIAM) has elected Mr. Shenu Agarwal, Managing Director and CEO, Ashok Leyland Ltd., as its new President for 2026-27. Agarwal, who previously served as Vice President of SIAM, succeeds Shailesh Chandra, Managing Director and CEO, Tata Motors Passenger Vehicles Ltd., as Immediate Past President. The new office bearers were […]
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OHM Global Mobility, the strategic e-mobility arm of Ashok Leyland and part of the Hinduja Group, has launched 130 new air-conditioned electric buses in Chennai under Phase 2 of the Metropolitan Transport Corporation’s (MTC) electric bus programme. The buses were flagged off by Tamil Nadu Chief Minister Mr. C. Joseph Vijay at the Secretariat, in […]
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Ashok Leyland emerged stronger from months of industry turbulence, posting its highest-ever Q1 revenue, PBT, and PAT. The company reported its highest-ever commercial vehicle volume of 48,763 units, compared to 44,238 units in the same period last year. Q1 revenue also hit an all-time high of ₹9,634 crore, against ₹8,725 crore last year. The company […]
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The Hinduja Group, a 111-year-old transnational conglomerate, today announced plans to invest ₹2,500 crore in Tamil Nadu. The investment will span the group’s businesses including renewable energy, electric mobility, automotive, financial services, energy, battery charging infrastructure, and digital mobility solutions. As part of the commitment, Mr. Amit Saharia, Group President – Strategy, Hinduja Group, signed […]
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Ashok Leyland, the Hinduja Group’s flagship and India’s leading commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Drivn, a provider of financing and leasing solutions for electric commercial vehicles. The partnership will enable both companies to offer customised financial solutions to customers purchasing Ashok Leyland’s electric vehicles. The MoU was signed by […]
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The CV maker is in a strong financial position to back its innovation ambitions. The company ended last fiscal debt-free, with net cash of over ₹5,000 crore on its balance sheet. Ashok Leyland closed FY26 with its best-ever performance, and Q1 FY27 has continued that momentum with 10% growth. Mr. Shenu Agarwal, Managing Director and […]
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Across trucks, buses, technology, and global markets, the momentum is building — and the company believes it is only just getting started. Ashok Leyland reported its best-ever annual financial performance in FY26 — revenues up 14% to ₹44,007 crore, operating profit before tax rising 22% to ₹5,163 crore, and a net cash surplus of nearly […]
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TheVice President of SIAM and Managing Director and CEO of Ashok Leyland noted that from depending on global technology, India can become a hub for designing and manufacturing commercial vehicles. The year 2047 may seem far away, but for the commercial vehicle industry, that future is already taking shape—in labs, on shop floors and in […]
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The 4th edition of the Commercial Vehicle Summit 2026 closed with a clear message—the road to 2047 will be challenging and demands sustained investment, strong policy backing, continuous innovation, and close collaboration between industry, government and all stakeholders. The commercial vehicle industry, said is like the vascular system of the economy—keeping everything moving, connecting factories […]
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