Company Information

Ashok Leyland Ltd is the second largest producer of commercial vehicles in India, the fourth largest manufacturer of buses globally and the twelfth largest manufacturer of trucks in the world. The company's products comprise of trucks, engines, buses, security, trucks, engines and special carriers. From eighteen seater to eighty-two seater double-decker buses, from 7.5 tonnes to 49 tonnes for haulage carriers, from various special application vehicles to diesel engines for industrial, marine and Genset, Ashok Leyland offers a wide range of products. This company is the flagship of the Hinduja Group. Ashok Leyland is headquartered in Chennai and its manufacturing trail flows across the globe with a total of nine plants including one in Great Britain and another in Ras Al Khaimah (UAE). The Joint ventures partnered by the company include Continental AG (Germany) for the high press die-casting extruded Aluminium parts for their automobile and telecommunications sector and John Deere (US) for Construction Equipment.

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Ashok Leyland: History and Trends

Should You Buy the Stocks of Ashok Leyland?

Before deciding whether you should buy Ashok Leyland stocks or not, you must take these points into consideration:

Considering the developments in the company since last 2 years, we can say that, it is safe to invest in Ashok Leyland shares. The company’s margins are also expected to stay up because of higher capacity utilization and improvement in the operating leverage.