ASHOKLEY on National Stock Exchange of India

Ashok Leyland

Logo: Ask27, CC BY-SA 3.0, via Wikimedia Commons3

Indian multinational automotive company

Ashok Leyland Limited is an Indian multinational automotive manufacturer headquartered in Chennai and owned by the Hinduja Group. Founded in 1948 as Ashok Motors, it as renamed Ashok Leyland in 1955 following a collaboration with British Leyland.2 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1948Founded1

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  • TickerASHOKLEY on National Stock Exchange of India1
  • Industryautomotive industry1
  • HeadquartersChennai1
  • Websiteashokleyland.com
  • Legal formprivate company limited by shares1
ALCOB Ashok Leyland Corporate Building in Guindy, Chennai
Photo: Ask27, CC BY-SA 3.0, via Wikimedia Commons4

Ashok Leyland Limited is an Indian multinational automotive manufacturer headquartered in Chennai and owned by the Hinduja Group. Founded in 1948 as Ashok Motors, it as renamed Ashok Leyland in 1955 following a collaboration with British Leyland. Today it is the second-largest manufacturer of commercial vehicles in India (holding a 32.1% market share as of 2016), the third-largest bus manufacturer, and the tenth-largest manufacturer of lorries.2

How it started

Ashok Motors

Ashok Motors was founded in 1948 by Raghunandan Saran, an Indian independence campaigner from Punjab. By the end of the Indian Independence Movement, he was persuaded by India's first Prime Minister Jawaharlal Nehru to invest in a modern industrial venture. Ashok Motors was incorporated in 1948 as a company to assemble and manufacture Austin cars from England, and the company was named after the founder's only son, Ashok Saran. The company had its headquarters in Chennai, with the manufacturing plant also in Chennai. The company was engaged in the assembly and distribution of Austin A40 passenger cars in India.

In year 1954 Indian government gave approvals to Ashok Motors to manufacturer Leyland Comet trucks the generation range of cabover trucks from Leyland and they also received approvals to manufacture Tiger Cub lightweight bus also by Leyland. These were the first models of British Leyland manufactured in india.

The collaboration ended in 1975 but the holding of British Leyland, which was then a major British vehicle conglomerate due to several mergers, agreed to assist in technology, which continued until the 1980s. After 1975, changes in management structures saw the company launch various vehicles in the Indian market, with many of these models continuing to this day with various upgrades.

Under Iveco and Hinduja partnership

In 1987, the overseas holding by Land Rover Leyland International Holdings Limited (LRLIH) was taken over by a joint venture between the Hinduja Group, the Non-Resident Indian transnational group and Iveco, part of the Fiat Group.

From Wikipedia’s article on Ashok Leyland, shared under CC BY-SA 4.0.2

Subsidiaries and ownership

Parent company

  • Hinduja Group

Subsidiaries

  • Avia
  • Switch Mobility

From Wikidata.1

Acquisitions

  1. 2006Acquired Avia1

Timeline

  1. 1948Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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