Ashok Leyland Shares Rise 3.5% Following Receipt of 715-Vehicle Order from VRL Logistics

Ashok Leyland Shares Surge 3.5% on 715-Vehicle Order from VRL Logistics

May 25: Shares of Ashok Leyland rose 3.5% on Thursday after the Hinduja Group firm announced it received a significant order from VRL Logistics. The company received an order for 715 vehicles, including AVTR 3120 haulage trucks, BOSS 1615 trucks, and Oyster staff buses.

VRL Logistics, a leading logistics company, has been a long-standing partner of Ashok Leyland, and this order marks a significant step in strengthening their partnership. The order demonstrates Ashok Leyland's position as a trusted mobility partner and reinforces its commitment to delivering high-quality products to its customers.

According to Ashok Leyland, deliveries are progressing as planned, with 300 trucks already delivered and the remaining 415 scheduled for execution in the current year. The company's commercial vehicles are equipped with state-of-the-art features and advanced technologies engineered to deliver superior operational performance and reliability.

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The order win is a testament to the trust and confidence VRL Logistics have in Ashok Leyland's technology and performance. Ashok Leyland's focus continues to be on developing advanced, safe, and efficient mobility solutions that meet the evolving needs of its customers.

At 3:12 pm on May 25, Ashok Leyland shares were trading 3.7% higher at Rs 164.09 apiece. The bullish sentiment is also aided by the fact that the stock has been added to the BSE 100 index, replacing Ambuja Cements, Colgate-Palmolive India, and Tube Investments of India. Ashok Leyland will join other prominent companies such as Paytm and CG Power in the index.