Ashok Leyland announced the winning of another order from Bangladesh Road Transport Corporation (BRTC) for the supply of 200 Ashok Leyland buses.

The order is for Single Decker AC buses which includes Intercity AC buses as well as City AC buses. These Completely Built-Up (CBU) units for BRTC (Bangladesh Road Transport Corporation) will be procured against a tender under Indian Line of Credit

Powered by Capital Market - Live News

Ashok Leyland inaugurated its cutting edge electric vehicle (EV) facility in its Ennore plant. It is India's first integrated facility for design, prototyping, testing, process prototyping and solutions design. Thein-house facilities include engineering, prototyping and testing for Motors, Battery Modules and Packs and a Power Electronics Lab. Keeping in mind the rapidly evolving and changing market and technology, it has been conceived as an in-house start-up facility in order to stay flexible and fast.

Powered by Capital Market - Live News

Ashok Leyland has achieved total sales of 17,386 units in month of August 2018 compared to 13,637 units in August 2017, recording a growth of 27%. Sales of M&HCVs and LCVs rose 24% and 38% to 13,158 units and 4,228 units respectively in August 2018.

Powered by Capital Market - Live News

The announcement was made during trading hours today, 24 August 2018.

Meanwhile, the S&P BSE Sensex was up 28.66 points, or 0.07% to 38,365.42.

On the BSE, 4.22 lakh shares were traded in the counter so far compared with average daily volumes of 12.41 lakh shares in the past two weeks. The stock had hit a high of Rs 133.30 and a low of Rs 132.10 so far during the day. The stock hit a record high of Rs 167.50 on 8 May 2018. The stock hit a 52-week low of Rs 102.20 on 24 August 2017.

Ashok Leyland, flagship of the Hinduja Group and the largest supplier of wheeled military vehicles to Indian Army, announced a tender win in the tracked vehicle space. This tender is for developmental work and marks Ashok Leyland's foray into tracked vehicle business. As per the scope of work, the company will collaborate with Combat Vehicles Research and Development Establishment (CVRDE), Chennai for manufacture, assembly and testing of light weight clutch for the design and development of weight optimized 1500-horse power (HP) automatic transmission for main battle tanks.

Ashok Leyland's net profit rose 232.7% to Rs 370.10 crore on 46.79% rise in net sales to Rs 6250.13 crore in Q1 June 2018 over Q1 June 2017.

Ashok Leyland is one of the leading manufacturers of medium and heavy commercial vehicles in India.

Powered by Capital Market - Live News