Ashok Leyland rides high after its arm unveils electric double-decker bus

Ashok Leyland is currently trading at Rs. 148.10, up by 0.80 points or 0.54% from its previous closing of Rs. 147.30 on the BSE.

The scrip opened at Rs. 148.80 and has touched a high and low of Rs. 150.40 and Rs. 147.45 respectively. So far 874520 shares were traded on the counter.

ashok leyland dips on reporting 28 fall in july sales
Ashok Leyland

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 158.15 on 01-Aug-2022 and a 52 week low of Rs. 93.20 on 08-Mar-2022.

Last one week high and low of the scrip stood at Rs. 151.50 and Rs. 146.00 respectively. The current market cap of the company is Rs. 44003.55 crore.

The promoters holding in the company stood at 51.54%, while Institutions and Non-Institutions held 36.84% and 11.62% respectively.

Ashok Leyland’s electric vehicle arm — Switch Mobility (Switch) has unveiled India’s first and unique electric double decker air-conditioned bus – Switch EiV 22. Designed, developed and manufactured in India and utilising Switch’s global electric bus experience, Switch EiV 22 is equipped with the latest technology, ultra-modern design, highest safety and best-in-class comfort features. The renewed iconic double decker bus is designed to revolutionize public transportation in the country and will set new standards in the intra-city bus market.

The Switch EiV 22 is a significant achievement in terms of packaging, making it the world’s first – semi low floor, air conditioned, electric double decker with wider door on rear overhang and a rear staircase. The double decker has a lightweight aluminium body construction, which offers higher passenger to weight ratio and a competitive cost per km, per passenger.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.

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