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Ashok Leyland: Stock jumps after bagging ₹668 Cr order for 1,937 buses from TN

Ashok Leyland has received a Rs. 668.76 crore order from TNSTU for 1,937 buses, including fully built and chassis configurations with BS VI iGen6 technology.

Introduction

Leading commercial vehicle manufacturer secures a Rs. 668.76 crore order from Tamil Nadu State Transport Undertakings for 1,937 BS VI buses, including fully built and chassis variants, with delivery by January 2027.

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Share price movement of Ashok Leyland

On October 16, 2025, Ashok Leyland Ltd opened at ₹135.80, up 0.11% from its previous close of ₹135.65. The stock reached a high of ₹137.95 (1.68%) and a low of ₹135.45. By 4:01 PM, it traded at ₹137.20, a 1.14% increase, with a market cap of ₹80,583.80 crore.

Ashok Leyland Secures 1,937 Bus Order

Ashok Leyland has received an order from Tamil Nadu State Transport Undertakings (TNSTU) for 1,937 buses. The total contract value is Rs. 668.76 crore. The order includes fully built buses and chassis.

The order comprises 1,701 BS VI diesel low-floor fully built buses to be delivered by March 2026 and 236 semi low-floor buses by January 2027. Delivery follows standard business and tender norms.

All buses will be AIS 153-compliant and equipped with iGen6 BS VI technology. Vehicles are designed for passenger comfort, safety, and reliability, serving town, mofussil, and SETC operations across Tamil Nadu.

Stock performance of Ashok Leyland for Period of 1 week, 6 months, and 1 year

Ashok Leyland Ltd delivered a -1.01% return over the past week. It gained 25.3% in the past six months and 22.3% over the past year.

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Shareholding pattern of Ashok Leyland

ParticularsJun 2025Mar 2025Dec 2024
Promoter51.50%51.50%51.50%
FII23.90%23.50%24.10%
DII14%14%13%
Public11%10.80%11.30%

About Ashok Leyland

Ashok Leyland Ltd (NSE: ASHOKLEY), flagship of the Hinduja Group, is a leading manufacturer of medium and heavy commercial vehicles, with a strong domestic presence, global operations, and driver training institutes across India.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is Ashok Leyland Ltd’s share price going up today?

A: Ashok Leyland Ltd’s share price is rising after receiving a Rs. 668.76 crore order from TNSTU for 1,937 buses.

Q: What does Ashok Leyland Ltd specialize in?

A: Ashok Leyland Ltd specializes in manufacturing medium and heavy commercial vehicles, including buses, trucks, and fully integrated vehicle solutions.

Q: What is the market capitalization of Ashok Leyland Ltd?

A: Ashok Leyland Ltd has a market capitalization of Rs. 80,583.80 crore as of October 16, 2025.

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