ASHOKLEY meaning in NSE Company Symbol ?

Ashok Leyland is an Indian multinational automotive manufacturer, headquartered in Chennai. It is owned by the Hinduja Group. It was founded in 1948 as Ashok Motors and became Ashok Leyland in the year 1955. Ashok Leyland is the second-largest manufacturer of commercial vehicles in India, the third-largest manufacturer of buses in the world, and the tenth-largest manufacturers of trucks. With the corporate office located in Chennai, its manufacturing facilities are spread across the country namely Ennore (Tamil Nadu), Bhandara (Maharashtra), Hosur (two units), Alwar (Rajasthan) and Pantnagar (Uttarakhand).

Ashok Leyland also has manufacturing units spread across the globe with a bus manufacturing facility in Ras Al Khaimah (UAE), one at Leeds, United Kingdom and a joint venture with the Alteams Group for the manufacture of high-press die-casting extruded aluminum components for the automotive and telecommunications sectors. Ashok Leyland has recently been ranked as 34th best brand in India. In 2019, the company was awarded the AON Best Employers for India award. A US $2.3 billion company, and a footprint that extends across 50 countries, the company is one of the most fully-integrated manufacturing companies. Ashok Leyland has a product range from 1T GVW (Gross Vehicle Weight) to 55T GTW (Gross Trailer Weight) in trucks, 9 to 80-seater buses, vehicles for defense and special applications, and diesel engines for industrial, genset and marine applications. Ashok Leyland launched India's first electric bus and Euro 6 compliant truck in 2016. In 2019, Ashok Leyland claimed to be in the top 10 global commercial vehicle makers.

Operating nine plants, Ashok Leyland also makes spare parts and engines for industrial and marine applications. It sold approximately 140,000 vehicles (M&HCV and LCV) in FY 2016. It is the second largest commercial vehicle company in India in the medium and heavy commercial vehicle (M&HCV) segment, with a market share of 32.1% (FY 2016). With passenger transportation options ranging from 10 seaters to 74 seaters (M&HCV = LCV), Ashok Leyland is a market leader in the bus segment. In the trucks segment Ashok Leyland primarily concentrates on the 16 to 25-ton range. However, Ashok Leyland has a presence in the entire truck range, from 7.5 to 49 tons.