Ashok Leyland zooms on inking pact with Aidrivers to produce autonomous electric terminal trucks
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Ashok Leyland is currently trading at Rs. 167.15, up by 9.80 points or 6.23% from its previous closing of Rs. 157.35 on the BSE.
The scrip opened at Rs. 160.00 and has touched a high and low of Rs. 167.80 and Rs. 158.35 respectively. So far 1861250 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. 128.35 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 167.80 and Rs. 151.60 respectively. The current market cap of the company is Rs. 48372.70 crore.
The promoters holding in the company stood at 51.53%, while Institutions and Non-Institutions held 37.09% and 11.38% respectively.
Ashok Leyland has inked a pact with Aidrivers to produce autonomous electric terminal trucks. The tie-up with the global specialist in AI-enabled autonomous solutions across industrial mobility is aimed at addressing the net zero emission needs of the port industry.
The two companies will combine their specialised knowledge and experience to meet the demands of sustainable autonomous transportation in the port industry. The inaugural fleet of vehicles, which will be produced at Ashok Leyland's various manufacturing facilities, is expected to be ready for real terminal operations early next year.
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.
