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Ashok Leyland expects four-fold jump from defence business in next 5 years

05 Oct 2016 Evaluate

Ashok Leyland expecting that its defence business to log four-fold jump in revenues at over Rs 2,000 crore in next five years as it gears up to provide an entire range of mobility solutions, including missile carrying vehicles, to the armed forces. The company also aims to accomplish its revenue targets even as it remains entirely focused just on the mobility part.

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 396.25
Ashok Leyland 145.00
Force Motors 17370.00
Olectra Greentech 951.15
SML Mahindra 4717.95
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