20 Mar 2025

Ashok Leyland Shares Rise; Inaugurates New Bus Manufacturing Plant in Andhra Pradesh

Ashok Leyland is currently trading at RS. 207.50, up by 2.30 points or 1.12% from its previous closing of RS. 205.20 on the BSE.

The stock opened at RS. 207.25 and recorded a high of RS. 209.40 and a low of RS. 205.85. So far, 1,29,201 shares have been traded on the counter.

A BSE group 'A' stock with a face value of RS. 1, Ashok Leyland hit a 52-week high of RS. 264.70 on August 27, 2024, and a 52-week low of RS. 160.05 on March 20, 2024. In the past week, the stock’s high and low were RS. 209.40 and RS. 196.40, respectively. The company's market capitalization currently stands at RS. 61,050.40 crore.

The company's shareholding includes 51.52% held by promoters, 37.21% by institutions, and 11.28% by non-institutions.

Ashok Leyland has inaugurated a new manufacturing plant near Vijayawada, Andhra Pradesh, dedicated to producing both diesel and electric buses. Spread over 75 acres in Malavalli, about 40 km from Vijayawada, the facility will manufacture a full range of diesel and electric buses under its electric vehicle arm, Switch Mobility.

With an annual production capacity of 4,800 buses, the plant features a modern Learning Centre called Nalanda and an advanced service training center. It will contribute significantly to local skill development and employment. Equipped with state-of-the-art automation, the facility reinforces Ashok Leyland's commitment to high-quality manufacturing.

Ashok Leyland, the flagship company of the Hinduja Group, is a leading manufacturer of commercial vehicles, including buses, trucks, engines, defense vehicles, and special-purpose vehicles.