Why Ashok Leyland Shares Are On The Up Today

Ashok Leyland, a leading vehicle manufacturer in India, has proudly announced securing a substantial order for 1,282 buses from Gujarat State Road Transport Corporation (GSRTC).

What Happened? This order is noteworthy, being one of the largest from a State Transport Undertaking for a single Original Equipment Manufacturer (OEM).

The company is set to deliver 55-seater BS VI diesel buses, designed to offer superior passenger comfort, featuring advanced iGen6 BS VI technology and a powerful 147 kW (197 hp) H-series engine. This technology promises to elevate safety and comfort levels while optimizing the overall cost of ownership.

See also: PTC India Reportedly In Trouble After RBI Asks For Sweeping Changes

CEO Shenu Agarwal expressed satisfaction over this achievement, attributing Ashok Leyland’s success in securing such orders to its deep market understanding and customer-centric approach, emphasizing the company’s reputation for durability, robustness, and cutting-edge technology.

Sanjeev Kumar, president – M&HCV, highlighted the enduring association with GSRTC and the incorporation of over 2,600 BSVI buses in their fleet. This new acquisition propels their order book to over 4,000 buses, all adhering to stringent bus body standards, showcasing the company's commitment to quality and innovation in developing advanced, in-house technology.

Price Action: Ashok Leyland shares were trading 1.61% higher at ₹176.90 at midday on Friday.

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