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Ashok Leyland Q4 Results: Firm posts highest-ever quarterly PAT at ₹1,405 crore; ₹2.50/share dividend declared
Commercial vehicle manufacturer Ashok Leyland announced the highest-ever quarterly and full-year profit after tax (PAT) today.
HDFC Bank 'strongly' rejects Rs 45 cr payment route wrongdoing
HDFC Bank has strongly denied media reports alleging wrongdoing. The bank stated its internal oversight, audit, and control systems are robust. This clarification follows a report about an internal investigation into Rs 45 crore payments. The payments were reportedly disguised as marketing expenses to a public sector undertaking. HDFC Bank maintains its commitment to transparency and strong governance.
JK Tyre charts Rs 4,900 crore capex to scale up capacity by 24% through FY30
JK Tyre has planned a Rs 4,900 crore capital expenditure through FY30 to expand production capacity by nearly 25%. The company reported strong FY26 earnings growth and expects healthy future demand across passenger and commercial vehicle segments, with major investments focused on its Chennai facility.
Balu Forge Industries spikes 10% on aerospace order from US Alpha Aircraft
The buying on the counter came after Balu Forge has received its first commercial purchase order for the supply of precision-engineered components to Alpha Aircraft Systems Inc
Balu Forge surges after securing maiden contract from aerospace industry
Balu Forge Industries jumped 7.08% to Rs 499 after the company announced that it has received its first commercial purchase order for the supply of precision engineered components to US-based Alpha Aircraft Systems Inc.
Rs 10.9 lakh crore burden: Iran shock can take a load off India's back
Rising oil prices triggered by the Iran conflict are pushing India to accelerate its shift away from fossil fuels, with the government fast-tracking plans for ethanol adoption and commercial vehicle electrification to reduce dependence on imported crude and support the rupee. With crude imports estimated to cost Rs 10.9 lakh crore in FY26, policymakers are treating energy transition as an economic and strategic priority rather than only an environmental goal.
JLR readies recovery plan to get fit for new 'world order'
Jaguar Land Rover is implementing a three-part recovery plan following its worst annual net loss in five years. The strategy targets reducing procurement and warranty expenses while enhancing digital systems. The company aims to restore its cash break-even point and achieve significant savings. New electric vehicle launches are expected to drive future growth.
India's EV battery demand to grow 10 times to 200 GWh by 2032: IESA
India's electric vehicle battery demand will surge tenfold by 2032. This growth presents significant opportunities in component localization and supply chain development. The market is transforming with advancements in batteries, motors, and manufacturing. Electric two-wheelers lead sales, but passenger cars and light commercial fleets will drive future expansion. New battery chemistries and motor technologies are emerging.
Tata Motors shares decline over 3% after Q4 results. What are Motilal Oswal and Nuvama saying?
Tata Motors (Commercial Vehicles) reported strong quarterly earnings with a sharp rise in net profit and revenue, but its stock fell by over 3% amid cautious sentiment on the commercial vehicle sector outlook. Brokerages remain split, with neutral to bullish views on future growth driven by exports and industry recovery.
Tata Motors turns cautious on capex amid West Asia war headwinds
Tata Motors is proceeding with caution on its spending plans. The West Asia crisis has created several challenges for the company. Despite these headwinds, Tata Motors plans to maintain its capital expenditure of around Rs 3,000 crore for FY27. The domestic commercial vehicle industry is still expected to see single-digit growth in FY27.
Tata Motors cautions on FY27 growth as war woes weigh on industry
The commercial vehicle major expects single-digit industry growth this fiscal year as geopolitical tensions and rising fuel costs threaten to hurt demand.
ZF Commercial Vehicle Q4 profit rises 16%; board approves 5:1 bonus issue, dividend
ZF Commercial Vehicle Control Systems India Q4 net profit rose 15.5% to ₹146.3 crore, revenue up 14.2%; board okayed ₹4 dividend and 5:1 bonus issue. Shares of ZF Commercial Vehicle Control Systems India Ltd ended 2.11% lower at ₹14,342 on Wednesday, May 13.