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Ashok Leyland Ltd.

BSE: 500477 Sector: Auto
NSE: ASHOKLEY ISIN Code: INE208A01029
BSE LIVE 15:58 | 08 Dec 78.10 1.35
(1.76%)
OPEN

77.10

HIGH

78.60

LOW

77.10

NSE LIVE 15:58 | 08 Dec 77.90 1.20
(1.56%)
OPEN

77.30

HIGH

78.60

LOW

77.10

OPEN 77.10
PREVIOUS CLOSE 76.75
VOLUME 551433
52-Week high 112.80
52-Week low 73.60
P/E 20.34
Mkt Cap.(Rs cr) 22226.48
Buy Price 78.10
Buy Qty 1324.00
Sell Price 0.00
Sell Qty 0.00
OPEN 77.10
CLOSE 76.75
VOLUME 551433
52-Week high 112.80
52-Week low 73.60
P/E 20.34
Mkt Cap.(Rs cr) 22226.48
Buy Price 78.10
Buy Qty 1324.00
Sell Price 0.00
Sell Qty 0.00

Ashok Leyland Ltd. (ASHOKLEY) - Company History

Ashok Leyland Ltd is an India-based company. The company is engaged in the manufacturing of commercial vehicles and related components. The company's products include buses trucks engines defense and special vehicles. From 18 seater to 82 seater double-decker buses from 7.5 ton to 49 ton in haulage vehicles from numerous special application vehicles to diesel engines for industrial marine and genset applications Ashok Leyland offers a range of products. The company is the flagship of the Hinduja Group one of the largest commercial vehicle manufacturers in India. The company is headquartered in Chennai India. Their manufacturing footprint is pan-India with two facilities in Prague (Czech Republic) and Ras Al Khaimah (UAE).Ashok Leyland Ltd was incorporated in the year 1948 with the name Ashok Motors. The company was set up in collaboration with Austin Motor Company England for the assembly of Austin cars. In The year 1949 they commenced production at the factory situated at Ennore south of Madras. Also they rolled out the first indigenously assembled A40 Austin car.In they ear 1950 the company made an agreement with Leyland UK in which Ashok Motors got sole rights to import assemble and progressively manufacture Leyland trucks for seven years. In the year 1954 the Government approved the progressive manufacture of Leyland commercial vehicles and a license was granted for the manufacture of 1000 Comets a year. In the year 1955 the company name was changed to Ashok Leyland Ltd with equity participation from Leyland Motors Ltd.In the year 1967 the company launched Titan the first Indian-made double decker with 50% indigenous components. In the year 1970 the company designed and delivered 1000 numbers of the 6x4 Hippo Tipper to the Indian Army based on their specific requirements. In the year 1972 the license was granted to manufacture 10000 vehicles a year. In the year 1976 the company introduced the Viking the first ever bus with an alternator and a unique front overhang that facilitated front entry. In the year 1978 they introduced India's first rear-engine bus Cheetah.In the year 1980 the company inaugurated their second plant Hosur I in Hosur. They launched India's first 13-ton truck Tusker with a 125 hp engine. Also they launched country's first multi-axle truck Taurus. In the year 1982 they introduced India's first vestibule or the articulated bus. They inaugurated two new manufacturing facilities at Bhandara (Maharashtra) and Alwar (Rajasthan) in March 1982 and August 1982 respectively.In the year 1993 the company received ISO 9002 certification. In the year 1995 they received ISO 9001 Certification. Aslo they set a driver training facility at Namakkal. In the year 1996 the company set up their second plant at Hosur. In the year 1997 they launched the Stallion an all-terrain logistic vehicle. Also they launched India's first CNG-powered bus. In the year 2002 the company developed the country's first Hybrid Electric Vehicle and showcased at Auto Expo 2002. In the year 2006 the company acquired the truck business of Czech Republic-based AVIA. They entered into an agreement with Ras Al Khaimah Investment Authority For the setting up of a bus assembly plant in the UAE. In the year 2007 the company entered into a joint venture with Nissan Motor Company Japan for manufacture and marketing of Light Commercial Vehicles. They entered into a joint venture with Continental AG Germany for the development of automotive infronics. Also they entered into a joint venture with Alteams Group Finland for the production of HPDC (High Pressure Die Casting) extruded aluminum components. In the year 2008 the company entered into a joint venture with John Deere USA for the manufacture of construction equipment products. They established Albonair GmbH for development of vehicle emission treatment / control systems and products.In March 2010 the company inaugurated a plant at Pantnagar in Uttarakhand. This is the company's modern technologically world-class and largest plant with a capacity to touch 75000 vehicles. They introduced the new future-ready U-Truck platform with the promise of a holistically superior level of trucking. The company bought 26% stake in Optare plc a well-known bus maker in the UK. In order to cater to the emerging markets in China and India Albonair (India) Pvt Ltd was incorporated during the year.During they ear 2010-11 the company acquired 26% in the equity share capital of Optare plc U.K. a leading bus manufacturer in U.K. which will benefit the company in their endeavour to address new markets and to accelerate technology development. In December 16 2010 the company inaugurated the state-of-the-art factory built as a venture between the company and Ras Al Khaimah Investment Authority (RAKIA) at Ras Al Khaimah. This facility will cater to the needs of the African/Middle East markets and also facilitate launching of AVIA range of trucks manufactured by Avia Ashok Leyland Motors s.r.o. to these markets.In the year 2011 the company entered into the LCV segment with the launch of Dost. In September 2011 the company entered into into the Tanzanian market by bagging an order for 723 trucks buses and special application vehicles. In October 2011 the company entered into the construction equipment space with the launch of a new brand LEYLAND DEERE. In November 2011 the company received the contact to supply 700 cluster CNG buses to Delhi. In the year 2012 the company launched Jan Bus world's first single step entry front engine fully flat floor bus. They introduced U-3723 India's first 37-tonne haulage truck with the highest payload of up to 27 tonnes. In January 2012 the company increased their stake in Optare plc to 75.1%.In 2013 Ashley Services Limited (ASL) has become a wholly owned subsidiary of the company. The company bags contract for about 2610 buses for an undisclosed amount from the Institute of Road Transport (IRT) Tamil Nadu which is a nodal organisation that obtains buses for all state transport corporations. The compay opens 3 dealer outlets in a day to significantly expand network presence in Gujarat. The company inaugurated the company's new Driver Training Institute (DTI) at Chhindwara. The company launches `Luxura Magical India' Bus in support of `Charter for Charity'.In 2014 the company launched two new Light Commercial Vehicles (LCV) - PARTNER truck India's first air-conditioned LCV goods vehicle and MiTR bus. The company launched `JanBus' - the world's `first' fully-flat floor front-engine bus with single-step entry and air suspension in Kolkata. The Company has bagged a contract from the Ministry of Tourism & Hospitality Industry Government of Zimbabwe for supply of 670 vehicles valued at approx. USD 50 million. The company received an order for 2200 buses from the Government of Sri Lanka. The company bags major projects from Africa worth USD 79.2 mn. The company sign a MoU with Bank of Maharashtra for vehicle financing.In 2015 the company has tied up with Lakshmi Vilas Bank to provide finance to its commercial vehicle buyers. The company wins order for buses worth 82 mn USD from Senegal. The company wins contract for 3600 vehicles worth $200Mn from Cote D'Ivoire. The company inaugurated a new dealership M/s. Makroo Motor Company in Srinagar. The company signed a Memorandum of Understanding (MoU) with The South Indian Bank. The company opens a new dealership in Hosapete Karnataka. The company opens a new dealership in Mangaluru Karnataka. The company also inaugurates a state-of-the-art workshop in Riyadh.

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