Ashok Leyland has bagged orders for nearly 3600 Buses from various State Transport Undertakings (STUs) in the current fiscal. These orders would be executed in the current financial year which would help the company in furthering its leadership position in buses.
The domestic market share of the company in Trucks increased from 29.2% in Q1 last year to 30.1% in the Q1 of current year. The market share for domestic buses has increased from 33.2% in Q1 last year to 35.9% in Q1 of current year. Overall, M&HCV volumes of the company have increased by 18.6% as compared to industry growth of 14.5%.
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.
