Ashok Leyland Shares in Focus After New Diesel and EV Bus Plant Inauguration

Ashok Leyland, the flagship company of the Hinduja Group, has inaugurated a new manufacturing facility near Vijayawada, Andhra Pradesh, as per news reports.

The plant, located in Malavalli, spans 75 acres and is dedicated to producing both diesel and electric buses, including those under its electric vehicle division, Switch Mobility.

Key Highlights of the New Facility

• Production Capacity: The plant has an annual production capacity of 4,800 buses.
• Technological Advancements: Equipped with state-of-the-art equipment and a high level of automation to ensure superior quality standards.
• Skill Development and Employment: The facility includes the ‘Nalanda’ Learning Centre and an advanced service training centre to enhance workforce skills and generate employment opportunities in the region.
• Immediate Full-Scale Production: Production has already commenced, and due to a robust order book, the plant is expected to operate at full capacity from day one.

Strengthening Market Position

With this expansion, Ashok Leyland aims to reinforce its leadership as the top bus brand in India while maintaining its position among the top five global bus manufacturers.

The company sees the new facility as a critical step toward meeting the increasing demand for fully built buses in India.

Commenting on the launch, Ashok Leyland’s Managing Director and CEO, Shenu Agarwal, emphasised the company’s commitment to innovation and high-quality manufacturing. He highlighted that the facility’s advanced automation and modern infrastructure would enable the production of high-standard vehicles that align with the evolving needs of the market.

Share Price Performance

Ashok Leyland’s share price was trading at ₹207.90 at 2:45 PM on the NSE, reflecting a 1.07% increase from the previous close of ₹205.69. The stock opened at ₹207.06 and reached an intraday high of ₹209.50 while maintaining a low of ₹205.69.

Conclusion

The inauguration of Ashok Leyland’s new manufacturing facility in Andhra Pradesh marks a significant step in the company’s expansion strategy.

With advanced automation, a strong production capacity, and a focus on skill development, the plant is set to strengthen Ashok Leyland’s market position in both diesel and electric bus segments.

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