Ashok Leyland bus orders: key deals, FY25 profit, 2026

Why Ashok Leyland is back in focus

Ashok Leyland has been in the news flow around two clear drivers: fresh bus orders from state transport undertakings (STUs) and updates around its financial performance. The company announced a large order from Gujarat State Road Transport Corporation (GSRTC) for 1,282 fully built buses, calling it one of the largest single-OEM awards from an STU. Separately, market notes highlighted another major STU contract from Maharashtra State Road Transport Corporation (MSRTC) and a Tamil Nadu State Transport Corporation order scheduled for delivery in 2025. These announcements have been followed closely because fully built bus orders are typically large, visible, and executed over defined timelines. They also help investors track demand in public transport, tender activity, and the pace of BS VI fleet replacement.

Share price snapshot and trading levels mentioned

As of 03 Jul, 2026 at 04:10 PM IST, Ashok Leyland’s share price was reported at Rs 164.35, down 0.24% in the market note. The stock’s last traded price was Rs 164.35, and another line in the same data set referenced a move down by -0.24% from a previous close of Rs 164.73. The dataset also included a separate trading snapshot showing an open of Rs 160.00, previous close Rs 160.68, a day’s low of 156.60, a day’s high of 160.64, and a 52-week range of Rs 114.96 to Rs 215.42. These price points were presented alongside the order headlines, reinforcing that the market is reacting to a steady stream of order and operating updates.

GSRTC order: 1,282 fully built buses

On 29 September 2023 in Chennai, Ashok Leyland announced it had bagged an order for 1,282 fully built buses from GSRTC. The company said the order was among the largest from an STU for a single OEM and would strengthen its position in the Indian bus market. Under the terms disclosed, Ashok Leyland will deliver 55-seater, fully assembled BS VI diesel buses in a phased manner. The company also stated that this order boosts its STU order book tally to over 4,000 buses. In the same communication, Ashok Leyland described itself as India’s largest bus manufacturer and the 4th largest in the world.

What the company highlighted about the bus specifications

Ashok Leyland said the GSRTC buses are designed to improve passenger comfort and would include its iGen6 BS VI technology. The company specified the powertrain as an H-series engine rated at 147 kW (197 hp). In its release, Ashok Leyland linked the package to operational benefits such as improved safety and comfort and a lower overall total cost of ownership (TCO). These details matter because STU tenders often evaluate both technical compliance and lifecycle cost, and BS VI requirements remain a major purchase driver for public transport fleets.

Other STU contracts cited: Tamil Nadu and Maharashtra

Beyond the GSRTC order, the dataset referenced two other STU wins that help frame the company’s bus order momentum.

One market note stated Ashok Leyland advanced 1.15% to Rs 224.70 after it announced an order to supply 320 BS VI diesel fuel type 12-metre low-floor fully built buses to the Tamil Nadu State Transport Corporation, valued at Rs 297.85 crore. The company said these buses would feature iGen 6 BS VI technology and an H-series engine rated at 184 kW (246 hp), along with front and rear air suspension aimed at city operations. Delivery for this order was scheduled between June and August 2025, and the contract was said to have been awarded after a post normal tender process with no adverse provisions.

Another report said Ashok Leyland shares rose after it won a Rs 981.5-crore order from MSRTC to supply 2,104 units of Viking passenger buses. The disclosure said the buses would meet the latest CMVR standards, include AIS 153-compliant bodies, be BS-VI compliant, and feature rear air suspension and other features. The execution timeline was stated as 12 months from August 2024 to August 2025, and one report also noted the stock traded around Rs 227.80 during the session after rising as much as 1.98% intraday.

Financial performance datapoints included in the notes

The dataset also included a profitability update that investors typically connect to order execution and pricing discipline. It stated Ashok Leyland’s consolidated net profit surged 36% to Rs 761.92 crore in Q3 FY25, compared with Rs 560.21 crore in Q3 FY24. Revenue from operations rose 8.2% to Rs 11,946.15 crore for the quarter ended 31 December 2024. While the order announcements are spread across different periods, the financial figures provide a recent reference point on scale and earnings trajectory.

Market and analyst indicators cited

One report noted the stock has risen 32.13% in the last 12 months and 25.24% year-to-date, as per Bloomberg data cited in that note. It also reported a relative strength index (RSI) of 48.22. Among 43 analysts tracking the company, 29 maintained a ‘buy’ rating, six recommended ‘hold’, and eight suggested ‘sell’. The same note added that the average 12-month analysts’ consensus price target implied an upside of 3%.

Key facts table: orders, values, and timelines

Quick reference: stock levels and financial metrics mentioned

Company contact details cited

The dataset listed Ashok Leyland’s address as No.1, Sardar Patel Road, Guindy, Chennai (Madras), Tamil Nadu, 600032 and a contact email as reachus@ashokleyland.com. It also included media contacts in the GSRTC release.

Conclusion

The updates collectively show Ashok Leyland staying active in large STU tenders, with the GSRTC order for 1,282 buses adding to an STU order tally stated as over 4,000 buses. Other disclosed STU contracts include MSRTC’s Rs 981.5-crore order for 2,104 buses and Tamil Nadu’s Rs 297.85-crore order for 320 low-floor buses with deliveries scheduled through 2025. Alongside these order announcements, the company’s Q3 FY25 performance, with profit of Rs 761.92 crore on revenue of Rs 11,946.15 crore, provides a recent operating context. The next concrete milestones in the disclosed information are the stated delivery windows for the MSRTC and Tamil Nadu contracts.