Ashok Leyland, flagship of the Hinduja Group, and India's largest Bus manufacturer, today confirmed that it bagged an order from TN STU (Tamil Nadu State Transport Undertakings) for 1750 buses. This order comes closely on the back of orders received from various state transport undertakings recently.
Speaking about this order, Mr. Anuj Kathuria, COO, Ashok Leylmd, said, "We are very happy to receive the confirmation of this order from TN STU. Our ability to bring value, combined with our superior technology and innovation will help us maintain our leadership position in buses in lndia."
Speaking on the win, Mr. Sanjay Saraswat, President - MHCV, Ashok Leyland, said. "With this order, our orderbook for State Transport Undertakings has enhanced significantly. This is a testament to the reliability, durability and robustness of our buses. The cost of ownership and the product experience which we can deliver is the best in the industry."
Ashok Leyland is currently the 4th largest manufacturer of buses in the world and India's largest bus manufacturer. This order would further consolidate its leadership position.
Shares of ASHOK LEYLAND LTD. was last trading in BSE at Rs.80.75 as compared to the previous close of Rs. 83.3. The total number of shares traded during the day was 1266222 in over 3731 trades.
The stock hit an intraday high of Rs. 84.5 and intraday low of 80.45. The net turnover during the day was Rs. 104460605.