Ashok Leyland

Ashok Leyland Limited
Company typePublic
ISININE208A01029
IndustryAutomotive
Founded7 September 1948; 76 years ago (1948-09-07)
HeadquartersChennai, Tamil Nadu, India
Area served
Worldwide
Products
ServicesVehicle financing
RevenueIncrease ₹45,931 crore (US$5.5 billion) (2024)[1]
Increase ₹4,106 crore (US$490 million) (2024)[1]
Increase ₹2,696 crore (US$320 million) (2024)[1]
Total assetsIncrease ₹67,660 crore (US$8.1 billion) (2024)[1]
Total equityIncrease ₹11,814 crore (US$1.4 billion) (2024)[1]
Number of employees
11,463 (2020)[1]
ParentHinduja Group (51.54%)
Subsidiaries
  • Albonair GmbH
  • Global TVS Bus Body Builders Limited
  • Hinduja Leyland Finance
  • Hinduja Tech
  • Lanka Ashok Leyland[2]
    Switch Mobility
Websitewww.ashokleyland.com

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.

  1. ^ a b c d e f "Ashok Leyland Ltd. Financial Statements" (PDF). bseindia.com.
  2. ^ "Lanka Ashok Leyland". Lanka Ashok Leyland.
  3. ^ "Who are the Hinduja brothers". The Mirror. 7 May 2017. Retrieved 8 May 2017.
  4. ^ "Ashok Leyland > Company History > Auto - LCVs & HCVs > Company History of Ashok Leyland - BSE: 500477, NSE: Ashokley". www.moneycontrol.com. Retrieved 14 April 2022.
  5. ^ "How Ashok Leyland became world's third largest bus manufacturer". The Financial Express. 4 February 2020. Retrieved 15 October 2020.
  6. ^ "Ashok Leyland Ltd India, Map of Ashok Leyland Motor Plants". business.mapsofindia.com. Retrieved 15 October 2020.
  7. ^ "Ashok Leyland Pantnagar | Perkins". perkins.com. Retrieved 15 October 2020.
  8. ^ "Ashok Leyland Ltd". Business Standard India. Retrieved 15 October 2020.
  9. ^ "About Us". Ashok Leyland. Retrieved 15 October 2020.
  10. ^ "Ashok Leyland eyes top 10 CV slot with organisational rejig". The Economic Times. Retrieved 15 October 2020.