Company type | Public |
---|---|
ISIN | INE208A01029 |
Industry | Automotive |
Founded | 7 September 1948 |
Headquarters | Chennai, Tamil Nadu, India |
Area served | Worldwide |
Key people | Dheeraj Hinduja (Chairman) |
Products | |
Services | Vehicle financing |
Revenue | ₹45,931 crore (US$5.5 billion) (2024)[1] |
₹4,106 crore (US$490 million) (2024)[1] | |
₹2,696 crore (US$320 million) (2024)[1] | |
Total assets | ₹67,660 crore (US$8.1 billion) (2024)[1] |
Total equity | ₹11,814 crore (US$1.4 billion) (2024)[1] |
Number of employees | 11,463 (2020)[1] |
Parent | Hinduja Group (51.54%) |
Subsidiaries |
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Website | www |
Ashok Leyland Limited is an Indian multinational automotive manufacturer, with its headquarters in Chennai. It is now owned by the Hinduja Group. [3] It was founded in 1948 as Ashok Motors, which became Ashok Leyland in the year 1955 after collaboration with British Leyland.[4] Ashok Leyland is the second largest manufacturer of commercial vehicles in India (with a market share of 32.1% in 2016), the third largest manufacturer of buses in the world,[5] and the tenth largest manufacturer of trucks.
With the corporate office located in Chennai, its manufacturing facilities are in Ennore, Bhandara, two in Hosur, Alwar and Pantnagar.[6][7] Ashok Leyland also has overseas manufacturing units with a bus manufacturing facility in Ras Al Khaimah (UAE), one at Leeds, United Kingdom and a joint venture with the Alteams Group for the manufacture of high-press die-casting extruded Aluminium components for the automotive and telecommunication sectors.[8] Operating nine plants, Ashok Leyland also makes spare parts and engines for industrial and marine applications.
Ashok Leyland has a product range from 1T GVW (Overall Vehicle Weight) to 55T GTW (Overall Trailer Weight) in trucks, 9 to 80-seater buses, vehicles for defence and special applications, and diesel engines for industrial, genset and marine applications.[9] In 2019, Ashok Leyland claimed to be in the top 10 global commercial vehicle makers.[10] It sold approximately 140,000 vehicles (M&HCV and LCV) in 2016. The company has passenger transportation options ranging from 10 seaters to 74 seaters (M&HCV = LCV). In the trucks segment, Ashok Leyland primarily concentrates on the 16 to 25-tonne range and has a presence in the 7.5 to 49 tonne range.