Ashok Leyland bags orders for 4000 buses worth Rs 1500cr

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26 Aug, 2025 12:21

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Moneycontrol Bureau

India's second largest commercial vehicle manufacturer Ashok Leyland has bagged orders for 4,000 buses worth Rs 1,500 crore from State Transport Undertakings (STUs), the company said in a filing to the stock exchanges today.

The company, flagship of the Hinduja Group, is the largest recipient of orders for buses under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM)-II scheme. A total of 22 STUs order India including Calcutta, Bangalore, Andhra Pradesh , Jaipur and Pune have placed large orders with the company.

Ashok Leyland will offer a mix of JanBus, midi-buses and ultra low entry (ULE) buses as a part of this order, the company said in its filing.

Speaking about the order, managing director Vinod K Dasari said that the company has received international bus orders as well. "JanBus is the world's first front-engine, single step entry, full-flat floor bus. It will contribute over 2000 buses to JNNURM-II," the filing added.

In August, Ashok Leyland had reported a 17 percent sales growth year-on-year. It sold 8,331 units in August, up from 7,139 units in a year-ago period. The month-on-month growth in sales was 6 percent. Light commercial vehicle sales increased by 14 percent to 2,501 units from 2,111 units year-on-year. Medium and heavy commercial vehicle sales grew by 18 percent to 5,830 units.

At 11:00 hrs shares of Ashok Leyland were quoting at Rs 40.90, up Rs 2.30, or 5.96 percent.