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MoneyWorks4Me

Ashok Leyland bags Rs 120 crore order from Rivigo

11 Aug 2017 Evaluate

Ashok Leyland has bagged an order for over Rs 120 crore from Rivigo, which is India’s most innovative and fastest growing logistics company. This order of 500 fully-built vehicles is driven by the success of the innovative Intelligent Exhaust Gas Recirculation (iEGR) technology which has been developed indigenously by Ashok Leyland. Developed to achieve the BS-IV emission norms, iEGR technology was launched in April 2017 for engines up to 400HP - a feat no other OEM has achieved globally.

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 400.55
Ashok Leyland 149.10
Force Motors 17660.00
Olectra Greentech 990.90
SML Mahindra 4905.75
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