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Tag: Ashok Leyland

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Ashok Leyland Unveils Advanced MHCVs at Bhubaneswar ‘Mini Expo’

Sep 14, 2024 by Sujata 0 Comments #Ashok Leyland, #Mini Expo

Chandigarh, 14th September 2024: Ashok Leyland Limited, the Indian flagship of the Hinduja Group and country’s leading commercial vehicle manufacturer, has inaugurated ‘Mini Expo’ in Bhubaneswar, showcasing its latest innovations in Medium and Heavy Commercial Vehicles (MHCV). Bhubaneswar is among the 11 exclusive locations across India selected for this expo, to demonstrate the company’s commitment to innovation and customer engagement.

mini expo

The expo, featuring two simultaneous circuits, aims to bring Ashok Leyland’s cutting-edge technologies closer to customers and enthusiasts. Circuit 1, which commenced from Delhi, will progress to Raipur following its showcase in Bhubaneswar.

At the Bhubaneswar expo, Ashok Leyland is showcasing a diverse line-up of vehicles, including the AVTR 5525AN 4X2 AC; AVTR 4825HN AC; AVTR 4825TN HD AC; AVTR 3532TN 8X4; AVTR 2825TN HR 16CUM BOX; AVTR 2825RN BGS AC 9 CUM EDPTO TRANSIT MIXER; BOSS 1915 22FT; OYSTER Vi SCHOOL (53 seater); OYSTER Vi STAFF (40 seater); 15 M BUS CHASSIS; and AVTR 55T EV.

Mr. Sanjeev Kumar, President – MHCV, Ashok Leyland said, “The Mini Expo in Bhubaneswar marks a significant milestone as we continue to lead the way in the commercial vehicle segment. Odisha and Eastern India at large, have been a key market for us. We have always recognized the potential this region has and we are excited about the opportunities that lie ahead in this geography. The Expo is an opportunity for customers to experience our capabilities in driving the future of mobility. We are confident that our vehicles, coupled with our extensive aftermarket solutions, will demonstrate our dedication to providing comprehensive transportation solutions to our customers. We look forward to engaging with our customers and stakeholders at Bhubaneswar.”

The ‘Mini Expo’ in Bhubaneswar highlighted Ashok Leyland’s state-of-the-art MHCV products and vehicles, and is a key event for industry professionals, enthusiasts, and stakeholders interested in the latest advancements in MHCV technology.

The two day expo will be a great opportunity for visitors to experience not only the latest vehicles but also the comprehensive services and solutions that Ashok Leyland offers.

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Post Budget Reaction – Ashok Leyland

Jul 24, 2024 by Mansi 0 Comments #Ashok Leyland, #Post-budget, #Reaction

Mr. Ashok Hinduja, Chairman, Hinduja Group of Companies (India)

“The budget shows Modi 3.0 is all about continuing the path to Fiscal Consolidation with the Fiscal Deficit target of 4.9% this year and 4.5% the next while maintaining the Capex figure at 3.6%. The focus on the agri sector and housing infrastructure – affordable and urban – is substantive and augurs well. Quite a few changes in taxation have been announced which needs a detailed study. Higher FDI is expected with a reduction in tax on Foreign Companies from 40 to 35%. Overall, a good budget for the macro Indian Investment Climate but could have been better for Indian Investors”

 Mayank Kumar, Co-founder & MD, upGrad, for your kind perusal.

“Budget 2024-25 allocations towards skilling and employment and Startup growth marks a watershed moment in India’s journey towards becoming the world’s largest talent economy.

With a very strong emphasis on skilling and employment and bridging the talent-academia gap, GOI’s allocations—to fuel aspirations of 4.1 crore youths, empower women to join the workforce, and provide tax benefits and loans like Skilling loan (upto INR 7.5 lakh) and Education loan (upto INR 10 lakh)—is a masterstroke, set to unlock India’s demographic dividend and drive growth. This budget is not just a financial plan but a blueprint for a brighter future where India’s youth will thrive and continue to lead global job requirements.

Innovative initiatives announced, such as the scheme to boost job creation in the manufacturing sector, incentives for EPFO contributions, and reimbursement for additional employee EPFO contributions, demonstrate the government’s commitment to creating a conducive employment ecosystem. India’s economic growth, described as a “shining exception,” will propel its focus on innovation and growth with a focus on job creation and skilling. The skilling loan and education loan initiatives will further empower India’s youth to drive growth and innovation.

Moreover, the government’s scheme to provide internship opportunities to 1 crore youth in 500 top companies over 5 years will bridge the industry-academia gap and enhance employability, empowering India’s youth with the opportunities they need to bridge the talent supply demand across global jobs. With such bold commitments towards jobs, skilling, and employment, Budget 2024-25 ignites a talent revolution in India, poised to propel the nation’s youth to global leadership.

By abolishing angel tax, the government has given a major fillip to the startup ecosystem, fostering more investments, growth, and innovation in India, and enhancing its capabilities to cater to global demands. Additionally, the reduction of capital gains tax for unlisted equity aligns it with listed equity is another strong move, further boosting investor confidence and liquidity in the startup space.”

 Mr. Dheeraj Hinduja, Executive Chairman, Ashok Leyland:

“The Finance Minister has presented a growth-oriented and pro-development Budget for 2024-25 by focusing on national infrastructure development, urban development, sustainable planning, and inclusive growth through a tech-enabled economy. With this budget, the government aims to address key issues, provide targeted support, and sets a robust agenda for growth and development. The continued emphasis on fostering investment and enhancing road infrastructure, especially in Andhra Pradesh and Bihar will facilitate growth in the manufacturing and automobile sectors. Focus on private investment in infrastructure, mining and housing sector is also likely to boost the sale of CVs. Furthermore, reduction in duties on rare earth minerals will help in promoting sustainable mobility and this resonates with our commitment to fostering a cleaner and more sustainable future.”

 Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers.

“We welcome the 2024 Budget’s progressive measures to reduce customs duties on gold, silver, and platinum. These changes, coupled with the government’s commitment to enhancing domestic value addition and craftsmanship, are poised to significantly benefit the jewellery industry, further contributing to the sector’s growth.

The new tax regime, with its focus on increased disposable income will boost demand for jewellery as consumers will invest in asset creation.

Kalyan Jewellers looks forward to leveraging these positive changes to further enhance the quality and global competitiveness of the organised Indian jewellery sector, contributing to the industry’s growth and India’s continued economic prosperity.”

 Mr. Atul Chaturvedi, Executive Chairman, Shree Renuka Sugars Ltd

 “The 2024 Union Budget is commendable for its strong focus on agriculture and economic growth. It highlights the government’s commitment to reshaping Indian agriculture and boosting productivity. The allocation of Rs 1.52 lakh crore to agriculture, along with new initiatives in research as well as roping in private sector is a welcome sign and will greatly benefit the sector. The budget’s emphasis on employment and skills development will help strengthen the economy. The government’s focus on energy transition is admirable, as it is a critical component in the fight against climate change. Overall, this budget is a positive step for India’s growth and future.”

business

BFW Inaugurates Fully Digitalized, Global Scale Manufacturing Plant

Apr 22, 2024 by Sujata 0 Comments #Aerospace, #Akihiro Teramachi, #Arun Kothari, #Ashok Leyland, #Automotive, #BFW, #Bharat Fritz Werner Ltd (BFW), #Defence, #Devaganapalli, #Die Mould, #Dr Eng Yoshiharu Inaba, #FANUC CORPORATION;, #Forging, #Geetanjali Vikram Kirloskar, #in Hosur, #JCB India;, #Kirloskar Systems Pvt. Ltd, #Manufacturing Plant, #National Board for Quality Promotion, #Quality Council of India, #Raghavan, #Railways, #Ravi Raghavan, #Tamil Nadu, #THK Group, #Valves, #Vipin Sondhi

Bengaluru, 22 April 2024: Bharat Fritz Werner Ltd (BFW) a leading Indian advanced manufacturing technology solutions company, today announced the inauguration of its state-of-the-art manufacturing facility at Devaganapalli, in Hosur, Tamil Nadu. This new facility set up with an investment of Rs. 200 crore, brings numerous innovative practices and several unique and industry-first features, including:

BFW Plant Inauguration

– Two world-class assembly halls spanning 20,000 square meters each, with a combined capacity to produce over 10000 CNC machines annually, a 3X expansion. The overall footprint of 54 acres allows for setting up the Vendor Ecosystem in the future.

– Fully digitalized and interconnected manufacturing processes, incorporating conveyorised assembly of machines.
– Environmentally friendly infrastructure with various features designed to minimize carbon footprint.

– In alignment with the Government of India’s initiatives to promote skill development and empower women (“Nari Shakti”), the new facility promotes local talent with a planned gender diversity target of 30%, a pioneering move within the global Machine Tool Industry.

– A fully integrated “Spindle Technology Centre,” encompassing indigenous engineering, manufacturing, assembly, and service of high-quality machine tool spindles, including integral motor technology.

Mr Arun Kothari, Chairman, BFW said “We aimed to establish a facility of global standards for scale and efficiency. I am confident that this facility will aid us in furthering our aspiration of participating in the growth of manufacturing“ “Our teams have innovated many robust machine assembly processes for low Takt time taking inputs from the global best practices across the industry,” said Mr. Ravi Raghavan, MD, BFW

BFW Plant

“The manufacturing sector finds itself at a pivotal juncture. Challenges, disruptions, and innovation have marked BFW’s journey over the past 63 years. To fulfil its purpose of “Enabling Progress ” of manufacturing BFW has embraced the initiative ” LEAP – Leadership thru Ethical practices, Agile Processes, and Partnerships.” Under this initiative, BFW aspires to act as a strategic partner of the Global Manufacturing Industry by Scaling up the capacity 3X, adopting best practices of the Automotive Industry to the Machine tool domain, and deploying Technology to evolve a digitally connected ecosystem. The machine tool industry in India is growing at a CAGR of 15 to 17% annually, and BFW is a leader in the industry is growing at 20%.” Mr. Raghavan added.

With an excellent design engineering capability & two state-of-the-art manufacturing plants, BFW provides solutions to meet the performance, productivity, and reliability expectations of diverse industries including Aerospace, Automotive, Defence, Die Mould, Forging, Valves, Railways, etc.

With 65000+ installations, operating in 15 countries, the BFW Europe office is the most recent addition to better serve global customers with advanced manufacturing solutions. Through channel partners, a wide sales & service network is available at 48 locations in India including 5 tech centres.

The inauguration event was graced by Dr Eng Yoshiharu Inaba, Chairman, FANUC CORPORATION; Mr Vipin Sondhi, Chairperson of the National Board for Quality Promotion, Quality Council of India and Former Managing Director & Chief Executive Officer of Ashok Leyland & JCB India; Mrs Geetanjali Vikram Kirloskar, Chairperson & Managing Director, Kirloskar Systems Pvt. Ltd, Mr. Akihiro Teramachi, Representative Director, Chairman, and Chief Executive Officer for THK Group and other thought leaders from the industry and over 50 overseas Global partners of BFW and 300+ senior manufacturing professionals representing various clients and supply chain partners.