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Trend Analysis
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Profile
Founder: Raghunandan Saran
Founded: 1948
Headquarters: Dibrugarh
Profile
The Company was engaged in the distribution of Austin A40 passenger cars.
Product includes
- Buses
- Trucks
- Engines
- Defense & Special Vehicles
Associates Companies
- Automotive Coaches & Components Ltd (ACCL)
- Lanka Ashok Leyland
- Hinduja Foundries
- IRIZAR–TVs
- Ashok Leyland Project Services Limited
Milestones
1949: Austin Car was rolled out
1955: Ashok motors become Ashok Leyland
1966: Introduced full air brakes
1967: The Company launched the first double-decker bus
1969: First-time power steering in commercial vehicles
1970: Specially designed vehicles for the Indian Army
1972: Production target reached to 10,000 a year
1974: Turnover tops Rs 1000 million
1976: The first bus with unique front entry hit the Indian roads
1978: The First 'Cheetah' was introduced
1979: Introduced multi-axle trucks
1980: B ton Truck Tusker with 125 hp engine was introduced
1982: two Manufacturing facility at Bhandara, and Alwar in March and August.
1990: Technical center at Vellivoyalchavadi (outskirts of Madras)
1992: Won self–certification status for defense supplies
1993: Received ISO 9002
1995: First driver training facility set upright in the heart of Tamil Nadu
1996: Hosur plant 2 Inaugurated
1997: India's first CNG launched
1997: Stallion all-terrain logistic vehicle was launched for the Indian Army
2001: Received ISO 14001 certification for all manufacturing units
2002: Launched hybrid electric vehicle2003 – Dheeraj Hinduja Elected Vice Chairman of Ashok Leyland Board
2004: 'state–of–the–art' Driver Training Institute at Burari
2005: 'State–of–the–art' Driver Training Institute opens in Delhi
2005: When the Srinagar – Muzzafarabad road route was open for traffic, the first vehicle to cross from the Indian side was a Stag bus, flagged off by Prime Minister Dr. Manmohan Singh and UPA Chairperson, Mrs. Sonia Gandhi.
2006 – Ashok Leyland and Bosch have joined hands with the Indian Institute of Technology Madras (IITM) to set up the Ashok Leyland and Bosch Centre of Excellence in Engineering Design at the IITM campus
2007 – The company unveiled 4921 TT, a 6x4 tractor with a gross vehicle weight of 49 tonnes
2008: A joint venture with John Deere, USA. for the manufacturing and marketing of construction equipment.
2009 – Ashok Leyland and Bank of Baroda signed an MoU wherein Bank of Baroda will fund Ashok Leyland’s end–customers as well as finance its dealers’ inventory
2010: The U truck platform Launched
2011:Ashok Leyland forays in small commercial vehicle segment; launches “DOST” in JV with Nissan Motor.
2013: Launched the STILE, a stylish Multi-Purpose Vehicle (MPV) based on a contemporary, award-winning vehicle platform.
2013: Launched the BOSS, an intermediate commercial vehicle (ICV), that seamlessly combines the strength and ruggedness of a truck with the comfort of a car.
2014: Two new Light Commercial Vehicles (LCV) –
PARTNER Truck
MITR Bus
India’s first air-conditioned LCV goods vehicle, and an LCV bus with best in comfort.
2015: LCV Truck–Partner powered by advanced ZD30 Common Rail diesel engine, that ensures superior fuel-efficiency.
2016: Guru and partner launched
2017: Captain Haulage, Dost+ launched
Trading and Investment Terminology