Ashok Leyland, The Flagship Of Hinduja Group, Secures Record-Breaking Order From MSRTC: A Milestone Achievement
In a landmark achievement, Ashok Leyland has clinched a monumental order of 2,104 fully assembled buses from the Maharashtra State Road Transport Corporation (MSRTC). This order represents the largest single order ever received by the company and underscores its leading position in the global bus manufacturing industry.
The massive contract, valued at approximately ₹981.45 crores, involves the delivery of 2,104 Viking passenger buses, which will be produced at Ashok Leyland’s state-of-the-art bus body plants. These facilities are renowned for their advanced technology and adherence to the highest standards of quality.
The Viking buses ordered by MSRTC are designed to meet the latest Central Motor Vehicle Rules (CMVR) standards and feature cutting-edge specifications including AIS 153 compliant bodies, iGEN6 BS VI OBD II technology with a robust 197 HP H-Series Engine, and Rear Air Suspension. This significant order is scheduled for delivery between August 2024 and August 2025, further solidifying Ashok Leyland’s reputation as a pioneer in the transport vehicles sector.
Upon the announcement of this historic deal, Ashok Leyland’s share price experienced a notable increase of 1.10%, trading at ₹226.73. This positive market reaction reflects investor confidence and the company’s robust growth trajectory.
Mr. Prakash Hinduja, Chairman of the Hinduja Group, Europe, expressed his enthusiasm about the development: “We are honored to receive this record-breaking order from MSRTC, which highlights our unwavering commitment to excellence and innovation in the bus manufacturing industry. This milestone not only signifies our leadership in the global market but also reinforces our dedication to providing top-quality and reliable transportation solutions.”
As one of the top five largest bus manufacturers worldwide and India’s largest bus manufacturer, Ashok Leyland continues to drive progress and set new benchmarks in the industry. The record order from MSRTC is a testament to the company’s technological prowess and market leadership, promising enhanced mobility solutions for millions of passengers across Maharashtra.
About the Hinduja Group
The Hinduja Group is one of India’s premier diversified and transnational conglomerate. Employing about 200,000 employees, with a presence across 38 countries, it has a multi-billion-dollar revenue. The Group was founded over a hundred years ago by Shri PD Hinduja whose credo was “My duty (dharma) is to work so that I can give.” The Group owns businesses in Mobility, Digital Technology, Banking and Financial Services, Media, Project Development, Lubricants and Specialty Chemicals, Energy, Real Estate, Trading, and Healthcare. The Group also supports charitable and philanthropic activities across the world through the Hinduja Foundation.
