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MoneyWorks4Me

Ashok Leyland bags orders from IRT, UPSRTC, CTU for 2580 buses

10 Jan 2019 Evaluate

Ashok Leyland has bagged orders from IRT (Institute of Road Transport, Chennai), UPSRTC (Uttar Pradesh State Roadways Transport Corporation) and CTU (Chandigarh Transport Undertaking) for 2580 buses. These orders are among the largest from STU's for a single OEM. All these buses can be delivered before March 2019.

Ashok Leyland is currently the 4th largest manufacturer of buses in the will and India's largest bus manufacturer. These orders would further consolidate its leadership position.

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 396.70
Ashok Leyland 143.45
Force Motors 17068.00
Olectra Greentech 953.00
SML Mahindra 4773.65
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