Ashok Leyland launches e-Marketplace for used commercial vehicles

Ashok Leyland launches e-Marketplace for used commercial vehicles

by 5paisa Research Team Last Updated: Apr 13, 2023 - 04:12 pm 1k Views
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The e-marketplace will offer customers a range of features to easily find vehicles of their choice.

Launch of e-marketplace for used commercial vehicles 

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, the company hopes to increase transparency in the otherwise disorganized used vehicle ecosystem.

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

With its deep industry expertise, strong partnerships and customer-centric approach, the company 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.

Stock price movement 

On Thursday, the stock opened at Rs 137.55 and touched a high and low of Rs 138.90 and Rs 137.40, respectively. The BSE group 'A' stock of face value of Rs 1 has touched a 52-week high and low of Rs 169.40 and Rs 113, respectively. 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 40,636 crore. 

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

Company Profile 

Ashok Leyland is the flagship Company of the Hinduja group, having a long-standing presence in the domestic medium and heavy commercial vehicle (M&HCV) segment. The company has a strong brand and well-diversified distribution and service network across the country and has a presence in 50 countries. The company is headquartered in Chennai and is one of the most fully-integrated manufacturing companies. 

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