ashok leyland secures order for 500 electric buses boosting shares

Ashok Leyland's electric mobility subsidiary, OHM Global Mobility, has received a significant order from Chennai’s Metropolitan Transport Corporation for 500 ultra-low floor electric buses. The order consists of 400 non-air-conditioned buses and 100 air-conditioned buses. This order will strengthen Ashok Leyland's position in the bus segment and demonstrates their commitment to promoting sustainable urban mobility in India.

This order win highlights the increasing demand for electric vehicles in the public transport sector, aligning with broader efforts for greener urban transportation solutions.

Following this announcement, Ashok Leyland's shares experienced a rise in early trading on October 24, with the stock price at Rs 217.18 on the National Stock Exchange, reflecting a 1.43 percent increase from the previous close.

  • The order consists of 400 non-air-conditioned buses and 100 air-conditioned buses.
  • This order will strengthen Ashok Leyland's position in the bus segment.
  • This order win highlights the increasing demand for electric vehicles in the public transport sector.
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