Hinduja Group flagship company Ashok Leyland on Thursday 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
Ashok Leyland shares tank 10.5% after resignation of CEO and MD Vinod K Dasari; market cap declines by Rs 3,654 cr
Ashok Leyland shares tumbled 10.46 percent to end at Rs 106.60 on BSE. Intra-day, it dropped 11.12 percent to Rs 105.80
Ashok Leyland CEO and managing director Vinod K Dasari quits, citing personal reasons; shares tank 10.5%
Vinod K Dasari, who had been associated with the commercial heavy vehicle maker for the past 13 years, said he had been thinking about quitting for some time.
In a statement issued here, Ashok Leyland said under the agreement, it will utilise Hino's engine technology for Euro-VI development.
Commercial vehicle major Ashok Leyland and SUN Mobility have entered into a strategic alliance to develop electric buses, said officials of the two companies here on Tuesday.
The court order is likely to impact the commercial vehicles segment the most