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Check out latest news on Ashok Leyland and with the help of it predict Ashok Leyland share price target.

Ashok Leyland Bags 10 million euro order

Ashok Leyland has received 10 million euro order from Senegal to supply 400 mini buses. The capital of Senegal will start receiving buses towards the end of June this year.

The project will provide mobility solutions to the country by expanding the reach and covering the remote areas through AFTU, a leading association of private-bus operator groups in Senegal, according to a statement. “This order will be the starting phase to connect the rural remote areas of Senegal to urban cities and to promote sustainable mobility. This will further empower the private transport sector in Senegal under AFTU,” said Arijit Dutta Chowdhury, Vice President, Project and Defence Sales, International Operations, Ashok Leyland.

Ashok Leyland invites Tesla for partership in India

Ashok Leyland is owned by Hinduja Group and they have rolled out open offer to Elon Musk for partership in India. If Musk accept this offer then it will a huge boost to the concept of electric cars in India.

Ashok Leyland is India`s largest manufacture of buses and world 4th largest manufacture. Elon Musk had tweeted in the month of March that he is looking foward to partership in India and he aims to bring Tesla Vehicle by this year end (2019).

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Ashok Leyland share price target around 123 if break and holds above 118.50 updated for 05th November 2018

ASHOK LEYLAND

Stock Name Bullish Above R 1 R 2 Stop Loss
ASHOK LEYLAND 118.50 121 123 117

Ashok Leyland reported 17% increase in sale at 15149 units in October 2018. Company sold 12944 units in the same month last year.

Sales of medium and heavy commercial unites grew 7% to 9797 units as against 9140 units in the year-ago month.