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Ashok Leyland

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Ashok Leyland Ashok Leyland, a brand which reminds that 70 million passengers travel on its buses in a day. A brand which claims that eight out of ten metro state transport busses in India are from the same company. The company manufactures a wide range of products, from 18 seater to 82 seater double decker buses, from 7.5 tonne to 49 tonne in haulage vehicles, from numerous special application vehicles to diesel engines for industrial, marine and genset applications.

Quick Facts
Founder Mr. Raghunandan Saran
Year of Establishment 1955
Industry Manufacture of Commercial Vehicles
Business Group Hinduja Group
Listings & its codes BSE: 500477
Collaborations
  • Land Rover Leyland International Holdings Ltd. (LRLIH) - UK based, jointly with IVECO. Hinduja Group is 100% holder of LRLIH since July 2006.
  • In-house R&D with world leaders such as Hino Motors and ZF.
Head Office 19, Rajaji Salai
Chennai 600 001
India
Tel.: +(91)-(44)-25342141
Fax: +(91)-(44)-25342493
Website www.ashokleyland.com
Products
  • Buses
  • Trucks
  • Defence & Special Vehicles
  • Engines
Financial Results
Rs. in millions
2005-2006 2004-2005
Profit before tax 4,523.00 3,550.10
Less: Provision for taxation 1,249.80 836.00
Add: Transfer from/(to):
         Debenture redemption reserve
         Balance profit from last year
         General Reserve

68.33
1,784.13
(1,000.00)

89.17
1,339.24
(1,000.00)
Profit available for appropriation 4,125.66 3,142.51
Appropriation:    
Proposed dividend 1,597.86 1,189.29
Tax on dividend 224.10 169.09
Balance profit carried to Balance sheet 2,303.70 1,784.13
Basic Earnings per Share (Face Value Re.1/-) 2.74 2.28

Milestones
1966 Introduced full air brakes
1967 Launched double-decker bus
1968 Offered power steering in commercial vehicles
1979 Introduced multi-axle trucks
1980 Introduced the international concept of integral bus with air suspension
1982 Introduced vestibule bus
1992 Won self-certification status for defence supplies
1992 Launched vestibule buses
1993 Received ISO 9002
1997 India's first CNG powered bus joined the BEST fleet
2001 Received ISO 14001 certification for all manufacturing units
2002 2002 Launched hybrid electric vehicle

Company Flashback
Ashoke Leyland has been the technology leader in the country's commercial vehicle industry for more than five decades. It has moulded India's commercial vehicle profile with technologies and product ideas that have become the industry norms.

The company was taken shape when Pandit Jawaharlal Nehru, the then and first Prime Minister of India, persuaded an industrialist, Mr. Raghunandan Saran to manufacture automotive. In 1948 the concept was implemented in Madras for the assembly of Austin Cars. It was known as British Leyland. Soon, in 1955 it was changed to its current name and commenced the manufacturing of commercial vehicles.

Today, Ashoke Leyland is the first automobile company in India to win the ISO 9002 certification. It was the year 1993. In 1994, the company became an ISO 9001 certified, in 1988 QS 9000 and in 2002 ISO 14001 for all vehicle manufacturing units. The company has also grabbed the credit of becoming the first Indian auto company to receive the latest ISO/TS 16949 Corporate Certification. This certificate is specific to the auto industry.

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