MoneyWorks4Me

Ashok Leyland bags orders worth Rs 1,500 crore for buses under JNNURM-II scheme

09 Sep 2014 Evaluate

Ashok Leyland, flagship of the Hinduja Group, and the largest supplier of buses to state transport corporations, has received orders worth Rs 1,500 crore for around 4000 buses from State Transport Undertakings (STUs).

A total of 22 STUs across the country including Calcutta State Transport Corporation (CSTC), Bangalore Metropolitan Transport Corporation (BMTC), Andhra Pradesh State Road Transport Corporation (APSRTC), Jaipur City Transport Services (JCTSL), and Pune Mahanagar Parivahan Mahamandal (PMPML) have placed large orders on the company.

The company will offer a mix of JanBus, midi-buses and Ultra Low Entry (ULE) buses as a part of the 4000 buses ordered under JNNURM-II. The supply of these buses has started and many of them are already carrying passengers.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.

Peers
Company Name CMP
Tata Motors 431.30
Ashok Leyland 152.00
Force Motors 16949.90
Olectra Greentech 1090.65
SML Mahindra 6115.25
View more..