MoneyWorks4Me

Ashok Leyland bags order worth $17 million from Sri Lanka

16 Oct 2014 Evaluate

Ashok Leyland, flagship of the Hinduja Group, through its joint venture in Sri Lanka, has received an order for 630 buses worth $17 million from private bus operators backed by the Government of Sri Lanka. Coming on the heels of the order for 2200 buses, the company further consolidates its position as the market leader in the Sri Lankan market.

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
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