Ashok Leyland Wins ₹700 Crore Defence Orders for Military Vehicles

Ashok Leyland, a key supplier of logistics vehicles to the Indian Army, has secured multiple defence contracts worth over ₹700 crore. These vehicles will support troop transportation, logistics, and other mobility needs under the Close-in Weapon Systems (CIWS) program.

Range of Vehicles for the Armed Forces

The new contracts include a variety of specialised vehicles, such as the Stallion 4×4, Stallion 6×6, Short Chassis Bus, and Mobility System Travelling Platform. These vehicles are designed to handle rough terrains while ensuring reliability and efficiency for military operations.

Commitment to Defence and Self-Reliance

Shenu Agarwal, MD & CEO of Ashok Leyland, stated that the company has been a trusted partner in defence mobility for decades. He emphasised that these new orders strengthen Ashok Leyland’s leadership in the sector and its commitment to providing advanced solutions for the armed forces.

Amandeep Singh, President – Defence Business, highlighted the company’s role in promoting ‘Atmanirbhar Bharat’ through indigenous design and manufacturing. He noted that their range of defence vehicles, from 4×4 to 12×12 platforms, are well-equipped for various military applications, including armoured vehicles.

Strengthening India’s Defence Capabilities

With a strong legacy in defence mobility, Ashok Leyland continues to develop innovative solutions for the armed forces. The company remains committed to timely delivery and is optimistic about its future order pipeline, further reinforcing its role in strengthening India’s defence sector.

About Ashok Leyland Limited

Ashok Leyland Limited is an Indian multinational automotive company headquartered in Chennai. Founded in 1948 as Ashok Motors, it was renamed Ashok Leyland in 1955 following a partnership with British Leyland. The company is now part of the Hinduja Group.

As of March 28 at 11:07 AM IST, Ashok Leyland share price is trading at ₹207.17, down 0.65% (₹1.35). The stock opened at ₹209.95, reached a high of ₹210.00 and a low of ₹205.06. The company’s market capitalisation stands at ₹60,840 crore, with a P/E ratio of 21.52 and a dividend yield of 2.16%. Over the past year, the stock has touched a high of ₹264.65 and a low of ₹166.25.

Conclusion

Ashok Leyland’s latest defence contracts highlight its leadership in military mobility solutions. With a strong focus on innovation and self-reliance, the company continues to support India’s armed forces, ensuring reliability and efficiency in defence logistics.

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