Ashok Leyland Bags Order For 1,225 Vikings Buses From Karnataka STUs

Ashok Leyland

Ashok Leyland, one of India’s leading commercial vehicle manufacturers, has received an order from Karnataka State Transport Undertakings to supply 1,225 fully built Viking buses by April 2024. The order is worth an estimated Rs 522 crore.

With this latest order, Ashok Leyland has become the preferred brand among Karnataka State Transport Undertakings (STUs), which have a fleet of over 11,680 operational buses.

The Viking buses will adhere to AIS153 standards, with the design placing a strong emphasis on providing superior passenger comfort and top-notch safety for both passengers and driver. Viking buses will meet AIS153 standards, with a focus on providing superior passenger comfort and top-tier safety for both passengers and drivers. The bus is powered by a H-series 6-cylinder 147 kW (197 hp) engine and has OBD-II certification.

Shenu Agarwal, MD & CEO, Ashok Leyland said, “We are delighted to continue our longstanding association with Karnataka State Transport Undertakings. Local mobility plays a crucial role in overall national and economic growth. We are committed to providing the best suitable transport solutions with our expertise in developing technologically advanced, innovative, and efficient products. Our deep understanding of our markets and customers is what sets us apart and has been instrumental in our success in winning these orders”.

Sanjeev Kumar, President- M&HCV, Ashok Leyland said. “We are thrilled to have received this order from Karnataka State Transport Undertakings. The ongoing success of our partnership emphasises the confidence and trust our customers have in our products. Specifically tailored to meet the unique requirements of Karnataka State Transport Undertakings, our buses stand as a testament to the reliability, durability, and robustness of our engineering. This repeat order is a clear indication of the trust our customers place in Ashok Leyland.”

Ashok Leyland is currently the world’s fourth largest bus manufacturer, as well as the largest in India.

Ashok Leyland Share Price as on Friday At 10:04 A.M

NSE Share Price – 173.85

BSE Share Price – 173.90

Share Price Target For 2024

The share price of Ashok Leyland is expected to rise in the coming month. From January to December 2024, Ashok Leyland’s share price target is ₹186.10 in 2024 paise, with a minimum price of Rs 184.58. The company’s share price is likely to rise.

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