Ashok Leyland
Ashok Leyland is an Indian multinational automotive manufacturer, with its headquarters in Chennai. It is now owned by the Hinduja Group. It was founded in 1948 as Ashok Motors, which became Ashok Leyland in the year 1955 after collaboration with British Leyland. 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, and the tenth largest manufacturer of trucks.
Ashok Leyland "hurricane" logo | |
Ashok Leyland's headquarters in Chennai, India | |
| Company type | Public |
|---|---|
Traded as | |
| ISIN | INE208A01029 |
| Industry | Automotive |
| Founded | 7 September 1948 |
| Headquarters | Chennai, Tamil Nadu, India |
Area served | Worldwide |
| Products | |
| Services | Vehicle financing |
| Revenue | ₹41,783 crore (US$5.2 billion) (2023) |
| ₹2,268 crore (US$280 million) (2023) | |
Net income | ₹1,361 crore (US$170 million) (2023) |
| Total assets | ₹54,728 crore (US$6.9 billion) (2023) |
| Total equity | ₹10,798 crore (US$1.4 billion) (2023) |
Number of employees | 11,463 (2020) |
| Parent | Hinduja Group 51.54% |
| Subsidiaries |
|
| Website | www |
With the corporate office located in Chennai, its manufacturing facilities are in Ennore, Bhandara, two in Hosur, Alwar and Pantnagar. 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. 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. In 2019, Ashok Leyland claimed to be in the top 10 global commercial vehicle makers. 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-ton range and has a presence in the 7.5 to 49 ton production range.