The Tamil Nadu State Transport Corporation (TNSTC) has placed a sizable order with Ashok Leyland Limited for the provision of 1475 BSVI Diesel Fuel Type Passenger Bus Chassis. This order, which is worth about Rs 345.58 crore, was given out via a regular tender procedure and complies with responsible business practices. Between December 2024 and May 2025, the domestic contract is scheduled to be executed.
Ashok Leyland Business News
Ashok Leyland received a ₹345.58 crore order from the Tamil Nadu State Transport Corporation on Thursday, December 12. 1,475 BSVI diesel passenger bus chassis are to be supplied. Following a typical tendering procedure, the delivery is anticipated to occur between December 2024 and May 2025. As part of its continuous restructuring efforts, Ashok Leyland today declared the voluntary liquidation of LLC Ashok Leyland Russia, its step-down subsidiary.
Ashok Leyland Share Price
The bottom line of Ashok Leyland increased 37% year over year to ₹770 crore from ₹561 crore during the same time last year. Additionally, the profit amount exceeded the ₹561 crore polled by CNBC-TV18. Even while the top line fell 9% year over year to ₹8769 crore, it was still better than the ₹8,764 crore polled by CNBC-TV18. In the same time frame last year, the company reported ₹9638 crore in revenue.
In addition to exceeding street predictions of ₹954 crore, earnings before interest, tax, depreciation, and amortization (EBITDA) increased 5.8% year over year to ₹1,017 crore. The operating margin exceeded the Street’s forecast of 10.9% by 40 basis points on an annual basis, from 11.2% to 11.6%. The BSE saw a 0.52% decrease in Ashok Leyland Ltd. shares, which ended at ₹229.85, down ₹1.20.
About the Company
Hinduja Automotive Ltd.’s subsidiary Ashok Leyland Ltd. (Ashok Leyland) is a comprehensive automaker. It provides power solution systems, light commercial vehicles, and heavy and medium commercial vehicles and associated components. The company’s manufacturing plants are located in India, Bangladesh, Nigeria, the United Kingdom, Kenya, Sri Lanka, and the United Arab Emirates. Financial services are also provided by the organization, mostly in the areas of housing and auto loans. Customers from Africa, the Middle East, Asia, the CIS, and Latin America are served by it. India’s Chennai, Tamil Nadu, is home to Ashok Leyland’s headquarters.
