Company Profile

Ashok Leyland has curtailed production at its manufacturing plants due to dip in demand with second wave of COVID-19 sweeping across the country. The company has carefully studied the demand situation, and efforts are being made to match the demand on the one hand, while being cognisant of the disruptions in the supply situation.

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.

Ashok Leyland has reported sales figures for the month of April 2021. The company has reported sales (domestic + exports) during April 2021 at 8340 units. LCV sales were stood at 4007 units in April 2021. M&HCV Trucks and bus sales stood at 4080 units and 253 units, respectively.

Domestic sales reported in April 2021 to 7961 units. Domestic LCV sales stood at 3978 units in April 2021. There are zero sales in April 2020 due to lockdown restrictions had imposed in several states across the country.

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.

Further to its communication dated May 2, 2021 on the subject, Ashok Leyland has informed to consider this updated communication. There is no change in the content. The company is committed to the wellbeing of its personnel, their families and the extended eco system, including customers, dealers and suppliers. With ‘Health & Safety First’ as the focus, its ‘Emergency Response Team’, a high-level task force responsible for managing Covid related protocols has revisited all the standard operating procedures and is ensuring the implementation of the same. Vaccination of employees and families is being monitored and enabled through vaccination camps across all facilities. The demand outlook for all its products is expected to be affected temporarily. The company has carefully studied the demand situation and efforts are being made to match the demand on the one hand, while being cognizant of the disruptions in the supply situation. At the same time, the company will continue to meet the requirement of Defence vehicles and also ensure support of essential parts and aggregates for its fleet, enabling movement of essential goods and services including a 24-hour helpline to ensure high uptime of the vehicles already on road. Accordingly, the operations of its plants have been scaled down and are expected to work for 7-15 days in May. The company will continue to respond to the Covid situation in the country as it unfolds.

The above information is a part of company’s filings submitted to BSE.

Ashok Leyland’s subsidiary -- Switch Mobility and the United Kingdom based developer of e-buses and light commercial vehicles, has inked a partnership with TVS Supply Chain Solutions (SCS) for establishing a sustainable logistics network in the country. Under the arrangement, TVS Supply Chain Solutions will operate 1,000 e-light commercial vehicles through their partners for its logistics operations provided by Switch Mobility. TVS Supply Chain Solutions has over two decades of experience in providing supply chain solutions across the globe through their fully integrated service offerings.

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.

Ashok Leyland is currently trading at Rs. 116.70, up by 1.10 points or 0.95% from its previous closing of Rs. 115.60 on the BSE.

The scrip opened at Rs. 116.40 and has touched a high and low of Rs. 116.90 and Rs. 115.00 respectively. So far 235709 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 138.85 on 04-Feb-2021 and a 52 week low of Rs. 42.05 on 29-May-2020.

Last one week high and low of the scrip stood at Rs. 117.45 and Rs. 110.25 respectively. The current market cap of the company is Rs. 34286.96 crore.

The promoters holding in the company stood at 51.54%, while Institutions and Non-Institutions held 34.80% and 13.58% respectively.

Ashok Leyland’s subsidiary -- Switch Mobility and the United Kingdom based developer of e-buses and light commercial vehicles, has inked a partnership with TVS Supply Chain Solutions (SCS) for establishing a sustainable logistics network in the country. Under the arrangement, TVS Supply Chain Solutions will operate 1,000 e-light commercial vehicles through their partners for its logistics operations provided by Switch Mobility. TVS Supply Chain Solutions has over two decades of experience in providing supply chain solutions across the globe through their fully integrated service offerings.

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.