Ashok Leyland Bags Order Worth Rs 982 Cr from MSRTC
Ashok Leyland on Monday, July 15, said that it has bagged the single largest fully built bus order from the Maharashtra State Road Transport Corporation (MSRTC).
Key Takeaways from Ashok Leyland’s Acquisition
- Ashok Leyland on Monday said it has bagged the single largest fully built bus order from the Maharashtra State Road Transport Corporation.
- The order placed is for 2,104 units of Viking passenger bus worth Rs 982 crore.
- The buses will be built with the latest CMVR standards and will have an AIS 153 compliant body along with BS-VI compliant with a rear air suspension, and other features.
According to the corporation, the MSRTC has placed an order for 2,104 Viking passenger buses, with an estimated value of Rs 982 crore. The buses will be constructed under the most recent CMVR requirements and feature a rear air suspension system that complies with BS-VI regulations, an AIS 153-compliant body, and other features.
The buses will be constructed at Ashok Leyland's unique bus body factory, resulting in a cheaper total cost of ownership for the MSRTC. The order is anticipated to be carried out during 12 months, between August 2024 and August 2025.
"This new order underscores our dedication to producing highly efficient and technologically advanced products, driving the growth of public transportation in the country," the MD & CEO of Ashok Leyland, Shenu Agarwal said.
About Ashok Leyland Limited
Ashok Leyland, the Hinduja Group's flagship company, is India's second-biggest commercial vehicle manufacturer, the world's fourth-largest bus maker, and the 19th-largest truck manufacturer.
With its headquarters located in Chennai, the company has nine manufacturing plants spread across India, the United Kingdom, Ras Al Khaimah (UAE), and Leeds. Additionally, Ashok Leyland has a joint venture with the Alteams Group that produces high-press die-casting extruded aluminium components for the automotive and telecommunications sectors. Overall, the company's portfolio is well-diversified within the automotive industry. According to a recent ranking, Ashok Leyland is India's 34th-best brand.
The Indian Army has the biggest fleet of logistical trucks in the world, and Ashok Leyland vehicles for Defence and Special applications play a major role in maintaining border security through substantial relationships with military forces worldwide. Additionally, Ashok Leyland offers diesel engines for marine, genset, and industrial use.
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