Ashok Leyland rides high after its electric vehicle arm launches next generation electric bus platform

Ashok Leyland is currently trading at Rs. 134.40, up by 0.85 points or 0.64% from its previous closing of Rs. 133.55 on the BSE.

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

The scrip opened at Rs. 134.90 and has touched a high and low of Rs. 135.50 and Rs. 133.75 respectively. So far 236353 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 153.40 on 16-Nov-2021 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. 138.65 and Rs. 130.00 respectively. The current market cap of the company is Rs. 39541.55 crore.

The promoters holding in the company stood at 51.54%, while Institutions and Non-Institutions held 35.47% and 12.99% respectively.

Ashok Leyland’s electric vehicle arm — Switch Mobility (Switch) has launched its state-of-the-art electric bus platform ‘SWITCH EiV 12’ for the Indian market.

This next-generation E-Bus, backed by over 10 years of EV expertise, will address the growing bus segment in India. Available in two variants – EiV 12 low floor and EiV 12 standard, these proficient buses offer the best in reliability, range and comfort.

The company currently has an order book of over 600 buses.

SWITCH EiV 12 features customer-centric offerings on technology and passenger comfort, while being contemporary and futuristic.

EiV 12 delivers exceptional drive performance and efficiency, and is embedded with proprietary, connected technology solutions, ‘Switch iON’, enabling remote, real-time diagnostics and monitoring services, as well as world-class digital battery management tools. The EV architecture of EiV platform is common with the recently launched European Switch e1 bus.

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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