Ashok Leyland

Automotive

HQ Location Chennai, India
Market Capitalization 1.12 tril INR (Jan 26)
Date Joined November 2024

Ashok Leyland is the second largest manufacturer of commercial vehicles in India and the fourth largest manufacturer of buses in the world.

Ashok Leyland is an Indian multinational automotive manufacturer with ambitions to lead the transformation of road transport. Founded in 1948, becoming Ashok Leyland in 1955 after collaboration with British Leyland, the company today has nine manufacturing plants in India, the United Arab Emirates and the United Kingdom.

Ashok Leyland aims to be a frontrunner within the automotive industry and is aiming to accelerate efforts to realize its stated ambition of carbon neutral operations by 2030 and net-zero by 2048.

In February 2024, Ashok Leyland began construction of a new factory at Uttar Pradesh in India which will focus on producing electric buses. When complete, the company says that it will, within the next ten years, make 5,000 vehicles annually. Ashok Leyland has also recently delivered its first Hydrogen Fuel Cell Electric Bus, which will be used commercially on Indian roads for public transport.

Through LeadIT, Ashok Leyland aims to foster strong partnerships and collaborate with global industry leaders to develop impactful, scalable solutions for the future of sustainable transport.

Member's thoughts

As a member of LeadIT and a key player in an energy-intensive industry, Ashok Leyland is committed to taking transformative action. We actively engage in LeadIT’s three pillars of partnership, working to champion environmentally responsible solutions and drive the commercial vehicle sector towards a greener, more sustainable future.

Alok Verma

Alok Verma

Head of Corporate Strategy & ESG, Ashok Leyland