Ashok Leyland Expansion: Ashok Leyland in the first nine months of the financial year ending December 31, 2023 reported its highest turnover of INR 27,100 crore, highest sales volume at 1,38,416 units, EBITDA of INR 3,014 crore and Profit After Tax of INR 1,718 crore.
Ashok Leyland progressing well in network expansion in North & East dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
The series of vehicles, named IeV, are the country s first electric commercial vehicles produced by Switch Mobility and aims to provide efficient and eco-friendly solutions for last-mile transportation needs, a company statement said.
The vehicles have a 330 V high voltage EV architecture and are equipped with spacious cargo bodies. The company has secured 13,000 orders for the vehicles, including from e-commerce players such as Amazon and Flipkart. The vehicles will be manufactured at Ashok Leyland s production unit in Hosur and will be exported to neighbouring countries initially.