Ashok Leyland Wins ₹298 Crore Order for TNSTC Buses

Ashok Leyland has secured an order worth ₹297.85 crore from the Tamil Nadu State Transport Corporation (TNSTC) for 320 fully built, 12-meter low-floor buses. These buses will run on BS-VI diesel fuel and will be delivered between June and August 2025.

Bus Specifications

The order includes buses equipped with iGen 6 BS VI technology and H-Series engines with a power output of 184 kW (246 hp). They will also feature front and rear air suspension, which is meant to improve ride quality for city transport.

The contract was awarded through a normal tender process following standard business norms. Ashok Leyland has stated that there are no adverse provisions in the agreement.

Financial Performance

For Q3 FY25, Ashok Leyland reported a 36% rise in consolidated net profit to ₹761.92 crore, up from ₹560.21 crore in Q3 FY24. Revenue from operations increased 8.2% to ₹11,946.15 crore for the quarter ending December 31, 2024.

Following the announcement, Ashok Leyland’s stock price increased 0.93% to ₹224.35 as of 1:53 PM on February 19. Over the past month, the stock has gained 7.23%, and it has surged 30.28% over the past year. However, it has seen a 12.87% decline in the past six months.

Company Overview

Ashok Leyland manufactures and sells commercial vehicles, including trucks and buses. The company also produces industrial and marine engines, forgings, and castings. It supplies vehicles to multiple state transport corporations across India. The company has been expanding its presence in the commercial vehicle segment, particularly in public transport.

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