The agency said it continues to maintain a negative outlook for the commercial vehicle segment over the near-term.
Extension of BS-VI deadline unlikely to do 'any good' to auto industry; buying sentiment likely to remain low after lockdown: Report
During the April-February period of 2019-20, sales witnessed a decline of 12.7% year-on-year on account of weak demand for commercial vehicles, two- and three-wheelers as well as passenger vehicles.
Automobile dealers' body FADA on Tuesday said retail sales of passenger vehicles in December 2019 declined 9 percent to 2,15,716 units year-on-year, as even the best offers failed to lift weak consumer sentiments
Shares of Ashok Leyland plunged over 5 percent on Monday after the company said it will suspend manufacturing operations at its various plants for up to 15 days in October
The ongoing economic growth slowdown will have an adverse impact on trucking fleet operators' revenues and ability to repay loans, global ratings agency Moody's Investors Service warned on Thursday
Ashok Leyland launches variants of Guru, Boss trucks; firm clocks 9% rise in commercial vehicle sales in January
Ashok Leyland last week reported 21.44 percent decline in its standalone net profit at Rs 381 crore for the third quarter ended 31 December, 2018, impacted by pricing pressure and higher input costs.
Bharat Forge Q3 profit up 36% at Rs 310 cr; strong performance across key verticals helps gain revenue, profit growth
The company had reported a profit of Rs 228.17 crore in the same quarter last fiscal, Bharat Forge said in a regulatory filing.
Toll collections may witness double-digit growth in FY'20 on rise in commercial vehicle sales, WPI: ICRA
Typically, commercial vehicles account for around 65-70 percent of the total vehicular movement on a majority of national highways.
Shares of Ashok Leyland were trading at Rs 128.40 apiece, up by 1.82 percent over the previous close in BSE.
Tata Motors' consolidated revenue grew 10.34 percent to Rs 70,156 crore as against Rs 63,577 crore a year ago
The launch of Super Carry LCV in India was part of Maruti Suzuki's original agreement with parent Suzuki in 1982
The company said it had filed a writ petition before the Uttarakhand High Court in October 2011 claiming benefit of exemption from payment of National Calamity Contingent Duty.