01-01-1970 12:00 AM | Source: Accord Fintech
Ashok Leyland rides high on launching e-Marketplace for used commercial vehicles
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Ashok Leyland is currently trading at Rs. 138.45, up by 0.95 points or 0.69% from its previous closing of Rs. 137.50 on the BSE.

The scrip opened at Rs. 137.55 and has touched a high and low of Rs. 138.90 and Rs. 137.40 respectively. So far 309686 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.40 on 06-Sep-2022 and a 52 week low of Rs. 113.00 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 139.45 and Rs. 136.55 respectively. The current market cap of the company is Rs. 40650.68 crore.

The promoters holding in the company stood at 51.53%, while Institutions and Non-Institutions held 36.52% and 11.93% respectively.

Ashok Leyland has launched its e-marketplace for Used Commercial Vehicles. The marketplace will aid customers in exchanging Used Vehicles and upgrading them to new Ashok Leyland trucks and buses. By leveraging this digital platform, Ashok Leyland hopes to increase transparency in the otherwise disorganized used vehicle ecosystem.

The e-marketplace will offer customers with a range of features to easily find vehicles of their choice, such as verified vehicle images, validated documents as well as evaluation reports. Additionally, in a few simple clicks, sellers can list their vehicles for liquidation.

With its deep industry expertise, strong partnerships and customer-centric approach, Ashok Leyland is well positioned in the digital transformation of the commercial vehicle industry. The e-marketplace is a testament to its commitment to innovation, excellence and customer success.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.