Today’s Stock Pick to be analyzed is Ashok Leyland.
Ashok Leyland (AL), the flagship of the Hinduja Group Limited, is the 2nd largest manufacturer of commercial vehicles (CV) in India and the 12th largest manufacturer of trucks globally. It is headquartered in Chennai and has 9 manufacturing facilities.
Ashok Leyland has a well-diversified portfolio across the automobile industry. It has recently been ranked as the 34th best brand in India. Pioneers in the Commercial Vehicle (CV) space, many product concepts have become industry benchmarks and norms. Ashok Leyland has ISO/TS 16949 Corporate Certification and is also the first CV manufacturer in India to receive the OBD-II (onboard diagnostic) certification for BS IV-compliant commercial vehicle engines, SCR (selective catalytic reduction), iEGR (intelligent exhaust gas recirculation), and CNG technologies.
Currently, the company has invested and contributed towards the society and the fight against the COVID-19 as it is producing ventilators, sanitizers along with the support of the Central and Tamil Nadu government.