Ashok Leyland Share Price Year range between high and low prices over the past 52 weeks – ₹133.10 – ₹191.50 & MARKET CAP – 503.25B INR
Ashok Leyland Share Price Today –
Ashok Leyland Market Cap –
Ashok Leyland, a prominent Indian multinational automotive manufacturer, has its headquarters situated in Chennai. The company is under the ownership of the Hinduja Group. Established in 1948 as Ashok Motors, it adopted the name Ashok Leyland in 1955. Renowned as the second-largest producer of commercial vehicles in India, it held a significant market share of 32.1% in 2016. Globally, it ranks as the third largest manufacturer of buses and holds the tenth spot in truck manufacturing.
The firm’s corporate office is based in Chennai, while its manufacturing facilities are distributed across Ennore, Bhandara, and two in Hosur, along with sites in Alwar and Pantnagar. Expanding its reach beyond India, Ashok Leyland maintains overseas manufacturing units. These include a bus manufacturing facility in Ras Al Khaimah (UAE), one in Leeds, United Kingdom, and a joint venture with the Alteams Group. This collaboration focuses on producing high-pressure die-casting extruded Aluminium components serving the automotive and telecommunication sectors. With a total of nine operational plants, Ashok Leyland is engaged in the production of spare parts and engines catering to industrial and marine applications.
Diversifying its product portfolio, Ashok Leyland offers a wide range of offerings, from 1-ton GVW (Gross Vehicle Weight) to 55-ton GTW (Gross Trailer Weight) trucks, along with buses seating 9 to 80 passengers. The company also manufactures vehicles designed for defense and specialized applications, in addition to diesel engines serving industrial, genset, and marine purposes. Notably, the company positioned itself as one of the top 10 global commercial vehicle manufacturers in 2019. In 2016, it successfully sold approximately 140,000 vehicles spanning both Medium and Heavy Commercial Vehicles (M&HCV) and Light Commercial Vehicles (LCV) categories.
Ashok Leyland’s passenger transportation options range from 10-seater to 74-seater configurations within the M&HCV and LCV categories. In the domain of trucks, the company strategically focuses on the 16 to 25-ton range, maintaining a notable presence within the 7.5 to 49-ton production range.
Ashok Leyland Future Projects –
Ashok Leyland, a prominent manufacturer of trucks and buses, has formulated an ambitious growth strategy for the medium-term period. As part of this strategy, the company aims to achieve a 35 percent market share in the medium and heavy trucks segment and a 25 percent market share in the small commercial vehicles segment. Projections for the commercial vehicle industry indicate a sustained positive growth trajectory for the current fiscal year.
Despite a slightly subdued performance in the first quarter of the fiscal year due to anticipatory purchases ahead of the implementation of BS VI Phase-2 norms, Ashok Leyland, which is a flagship company of the Hinduja Group, anticipates a recovery in sales volume starting from July.
The basis for this optimistic outlook lies in the encouraging feedback from customers and favorable factors driving demand, such as ongoing infrastructure development projects and positive macroeconomic indicators. Looking ahead to the fiscal year 2024, the company has set forth a growth target of over 10 percent for the medium and heavy commercial vehicle (M&HCV) market, along with a 5 percent growth target for the light commercial vehicle segment. This Will boost the Ashok Leyland Share Price to another level.
To realize these growth aspirations, Ashok Leyland plans to enhance its market presence in the M&HCV segment, increasing its share from 32 percent in FY23 to 35 percent. This expansion will be facilitated by strategic product launches, an extended network, innovative post-sales solutions, and strengthened customer engagement initiatives. These details were outlined in the company’s investor presentation.