Ashok Leyland

Ashok Leyland Limited
Company typePublic
ISININE208A01029
IndustryAutomotive
Founded7 September 1948 (1948-09-07)
HeadquartersChennai, Tamil Nadu, India
Area served
Worldwide
Key people
Dheeraj Hinduja (chairman)
Products
ServicesVehicle financing
Revenue 45,931 crore (US$5.4 billion) (2024)
4,106 crore (US$490 million) (2024)
2,696 crore (US$320 million) (2024)
Total assets 67,660 crore (US$8.0 billion) (2024)
Total equity 11,814 crore (US$1.4 billion) (2024)
Number of employees
11,463 (2020)
ParentHinduja Group (51.54%)
Subsidiaries
Websitewww.ashokleyland.com

Ashok Leyland Limited is an Indian multinational automotive manufacturer headquartered in Chennai and owned by the Hinduja Group. Founded in 1948 as Ashok Motors, it as renamed Ashok Leyland in 1955 following a collaboration with British Leyland. Today it is the second-largest manufacturer of commercial vehicles in India (holding a 32.1% market share as of 2016), the third-largest bus manufacturer, and the tenth-largest manufacturer of lorries.

While its corporate office is located in Chennai, the company operates manufacturing facilities in Ennore, Bhandara, Vijayawada, Hosur, Alwar, and Pantnagar. Ashok Leyland also has overseas manufacturing units in Ras Al Khaimah, United Arab Emirates, and Leeds, United Kingdom. Additionally, it has a joint venture with the Alteams Group to manufacture high-press die-casting extruded aluminium components for the automotive and telecommunications sectors. The company also makes spare parts and engines for industrial and marine applications.

Ashok Leyland's products range from 1-tonne Gross Vehicle Weight (GVW) to 55-tonne Gross Trailer Weight (GTW). This includes trucks, buses ranging from 9 to 80 seats, vehicles for defence and special applications, and diesel engines for industrial, genset, and marine applications. In 2019, the company claimed to be ranked in the top 10 global commercial vehicle makers. It sold approximately 140,000 vehicles (M&HCV and LCV) in 2016. The company has passenger transportation options ranging from 10 seaters to 74 seaters (M&HCV = LCV). In the trucks segment, Ashok Leyland primarily concentrates on the 16 to 25-tonne range and has a presence in the 7.5 to 49 tonne range.

Ashok Leyland at EXCON 2025, BIEC