Ashok Leyland Wins Rs 346-Crore Order To Supply Passenger Bus Chassis To Tamil Nadu
Ashok Leyland Ltd. on Thursday received an order worth Rs 345.6 crore for the supply of 1,475 BSVI diesel fuel type passenger bus chassis to Tamil Nadu State Transport Corp.
The order has been awarded post-normal tender process with standard business prudent norms, and there are no adverse terms or conditions under the contract, an exchange filing said.
The company is expected to deliver the product by May 2025.
The chassis refers to the rolling framework of the bus, excluding the powertrain. It is the structure on which the bus body is mounted, but it does not include components like the engine, transmission, driveshaft, or other running gear.
The Hinduja Group commercial vehicle maker offers Garud and Lynx brands under the bus chassis category, as per its website.
Besides, Ashok Leyland announced that its step-down subsidiary LLC Ashok Leyland Russia has been voluntarily liquidated.
In October, the company won India's largest order for electric trucks amid a government initiative to electrify cargo transport in the country.
The Chennai-based truckmaker will supply 180 electric trucks to Billion Electric Mobility Pvt., an e-mobility-as-a-service platform of the company that operates ChargeZone EV charging stations. The deal, valued at Rs 150 crore, will see Ashok Leyland deliver its 14- and 19-tonne BOSS electric trucks and a 55-tonne electric tractor by the fourth quarter of the ongoing fiscal.
Ashok Leyland shares closed 0.52% lower at Rs 229.85 apiece, ahead of the announcement, compared to 0.3% decline in the benchmark BSE Sensex.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
