Ashok Leyland shares rose on October 24 following a significant order win from Chennai’s Metropolitan Transport Corporation. At 10:22 am, the stock was trading 1.43 percent higher at Rs 217.18 on the NSE. The order, awarded to its electric mobility subsidiary OHM Global Mobility, includes 500 ultra-low floor electric buses, further solidifying Ashok Leyland’s strong presence in the bus market and commitment to sustainable urban transport in India.
These buses will be supplied by Switch Mobility, Ashok Leyland’s other arm, on the EiV12 model. Out of these 500 buses, 400 are non-AC, while 100 will be air-conditioned. OHM Global Mobility is going to undertake operation and maintenance of these buses for 12 years. The company will also put up charging infrastructure at various places to meet the requirement arising from this order.
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Source: Moneycontrol
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