Ashok Leyland, the Hinduja Group flagship company, is planning to introduce a hybrid version of its Optare buses in India. It holds a 75% stake in UK-bus maker Optare. The company already has electric vehicles under the Optare portfolio. Currently it is working on alternative fuels for long with its CNG buses and its R&D team is exploring ways to make fuel-efficient vehicles.
The company has registered a fall of 22.42% in its net profit at Rs 66.94 crore for the quarter under review as compared to Rs 86.29 crore for the same quarter in the previous year. However, the total income from operation of the company has increased by 19.69% at Rs 3007.35 crore for Q1FY13 as compared Rs 2512.70 crore for the corresponding quarter previous year.
