Ashok Leyland advances on its Nissan JV planning to sell 55,000 LCV

Ashok Leyland Ltd. | Automobiles-Trucks/Lcv | Automobiles | BSE: 500477 | NSE: ASHOKLEY

29 Sep 2011 Evaluate

Ashok Leyland is currently trading at Rs. 26.85, up by 0.15 points or 0.56% from its previous closing of Rs. 26.70 on the BSE.

The scrip opened at Rs. 26.40 and has touched a high and low of Rs. 27.00 and Rs. 26.20 respectively. So far 187433 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 40.95 on 08-Nov-2010 and a 52 week low of Rs. 22.50 on 19-May-2011.

Last one week high and low of the scrip stood at Rs. 27.00 and Rs. 25.45 respectively. The current market cap of the company is Rs. 7104.01 crore.

The promoters holding in the company stood at 38.61% while Institutions and Non-Institutions held 30.11% and 17.85% respectively.

In the first year of its launch, Ashok Leyland, the flagship company of the Hinduja Group expects its joint venture (JV) with Japan's Nissan to sell 55,000 light commercial vehicles (LCV). The joint venture which was for LCVs, buses and vans has already commenced manufacturing LCVs.

Recently, the company had successfully launched 'Dost' in Maharashtra market. The company was also planning to launch a passenger van on the platform of its light commercial vehicle Dost which will have a seating capacity of up to eight persons.

Dost, a 1.25 ton carrier, is built at Ashok Leyland's manufacturing facility in Hosur, and will compete with the likes of Tata Ace and Mahindra Genio and Maxximo. Dost is initially being launched in four southern (Karnataka, AP, Kerla and Tamil Nadu), Maharashtra and Gujarat. It will be made available across India as and when production ramps up.

Ashok Leyland Share Price

158.45 -1.05 (-0.66%)

18-Jun-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata Motors	407.20
Ashok Leyland	158.45
Force Motors	18668.55
Olectra Greentech	1446.35
SML Mahindra	4040.10
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