The stock has gained a total of 24% in the last one year, and 16% since the beginning of the year.
During the given period, the overall sales of light commercial vehicles (including domestic and exports) decreased by 12% year over year to 5,902 units.
The order includes 400 non-AC buses, and 100 air-conditioned buses, each designed to seat 37 passengers with additional standing space for 24.
Sales of medium and heavy commercial vehicles (M&HCVs), including exports, during the previous month amounted at 11,077 units.
Domestic sales were down 9% to 12,926 units from 14,207 units in July 2023, according to Ashok Leyland.
EBITDA for the quarter jumped to 10.0%, amounting to ₹821 crore, up from 4.4% or ₹320 crore in Q1 FY'23.
MSRTC, one of India's largest state transport undertakings with over 15,000 buses, will see a significant addition to its fleet with this order.
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