Ashok Leyland’s share is down in the 1 month by 4.50% plus shares are continuously falling. Share today means 21.12.2023 open on NSE Rs 168.20, BSE Rs 168.95. Ashok Leyland’s recent market cap ₹ 49,929 Cr.
Ashok Leyland submitted a file to stock exchanges NSE and BSE this file company said that we received an order from Tamil Nadu State Transport Corporation for 552 buses.
Ashok Leyland Order Details
The largest bus maker in India and the fourth largest bus manufacturer worldwide is Ashok Leyland, the Hinduja Group’s flagship company in India and the nation’s top producer of commercial vehicles. announced today that it has secured an order for 552 BS VI diesel fuel type 12 meter Ultra Low Entry rear engine fully built buses for city operations from Tamil Nadu State Transport Corporation (TNSTC) for a total worth Rs 500.97 Cr.Funding for this initiative comes from the German Development Bank. Ashok Leyland is going to start delivering these buses. Delivery is scheduled for April–July of 2024.
The company said that the new ULE buses are equipped with cutting-edge features such as a smart bus system with CCTV, destination boards that reflect vehicle location, and tracking. They also have a powerful H-series 6-cylinder 4-valve 184 kW (246 hp) engine, step-less entry, rear engine configuration, automatic transmission, front disc brake, and electronically controlled front and rear air suspension.
These ULE buses provide an improved passenger transportation experience by integrating Ashok Leyland’s best-in-class technology. By becoming the first in the industry to be recognized as differently-abled passenger-friendly buses, these buses have raised the standard of excellence. The layout prioritizes the needs of the citizenry, providing excellent comfort and upholding the highest safety requirements for both drivers and passengers.
Ashok Leyland CEO and MD Mr. Shenu Agarwal Said that, ” As we work together to bring the ‘Mobility for All’ idea to fruition, we feel privileged. Our thorough understanding of markets and consumers continues to be the defining characteristic that sets us apart and has been crucial in obtaining these orders as we work to address the fast-growing public mobility demands of our nation. Our commitment to developing goods that not only satisfy but also surpass our customers’ changing demands and advance public transportation is further evidenced by this partnership.”
our news : Companies are Continuously Sell LIC Shares: What is going to happen in LIC?
