Ashok Leyland Wins Rs 7 Billion Defence Contracts

02 Apr 2025 CW Team

Ashok Leyland, the flagship company of the Hinduja Group, has recently secured defence contracts worth over Rs 7 billion, further strengthening its position in the defence mobility sector. These contracts are aimed at enhancing troop transportation, logistics, and specialized mobility needs under the Close-in Weapon Systems (CIWS) programme.

The newly awarded contracts encompass a range of vehicles, including the Stallion 4×4, Stallion 6×6, Short Chassis Bus, and Mobility System Travelling Platform. The defence business remains a crucial component of Ashok Leyland’s long-term expansion strategy, with the company committed to providing advanced mobility solutions for the Indian Armed Forces and paramilitary units.

In addition to its current projects, Ashok Leyland has developed a robust pipeline of defence orders across multiple segments and is actively participating in upcoming tenders. These efforts are expected to further strengthen its footprint in the defence sector.

Meanwhile, an exchange filing by the company’s promoters revealed that approximately 30% of their stake in Ashok Leyland is pledged. At the company's current market capitalisation, this pledged stake is valued at over Rs 64 billion. As of December 31, 2024, Hinduja Automotive held a 35 per cent share in Ashok Leyland.

Separately, the company has decided to shut down the manufacturing and assembly unit of its EV arm, Switch Mobility, in the UK. The decision is attributed to economic uncertainties and the slower-than-anticipated adoption of electric vehicles in public transport across the UK and Europe. Market challenges and a strategic realignment have led to this closure, as the company adapts its approach to the evolving industry landscape.

News source: Indian Infoline

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..