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Ashok Leyland

The first recipient of the Zero Poverty scheme has landed a job at Ashok Leyland, a significant milestone in their journey towards self-sufficiency.

The Yogi government’s Zero Poverty Scheme has made a significant impact on the life of Ruby, a resident of Lucknow’s Silauli village, as her family took the first step out of poverty. Chief Secretary Manoj Kumar Singh handed over an employment offer letter from Hinduja Group’s Ashok Leyland Company to Ruby’s husband, Ram Sagar, in his office. This is a result of the statewide campaign to identify and support families living at the lowest economic level in the state. The Zero Poverty Scheme aims to empower 13.57 lakh families with opportunities for a secure and self-reliant future by providing them with the benefits of various welfare schemes and ensuring their annual income reaches ₹1,25,000 per family.

Ram Sagar, who is illiterate, will undergo one year of training before working at the electric bus manufacturing plant, which is set to begin operations within the next year. He will initially work on-site and will also be enrolled in an equivalency certificate course to help him qualify for a respectable position. Additionally, he will benefit from an apprenticeship under the UP Skilled Scheme, which will enhance his skills while providing him with a monthly stipend of ₹1,500.

The Chief Secretary emphasized that Ram Sagar’s story is a testament to the government’s commitment to uplifting families living at the lowest economic level. The Yogi government has allocated land for the Hinduja Group’s electric bus manufacturing plant, which is expected to create over 12,000 job opportunities for UP’s youth. This initiative is a significant step towards achieving the goal of zero poverty in the state.

Ashok Leyland clinches top spot in global environmental, social, and governance ratings for heavy machinery industry.

Ashok Leyland, an Indian commercial vehicle manufacturer, has achieved the top ranking in Sustainalytics’ ESG Risk Rating for the Heavy Machinery and Trucks sector in Q3 FY25. This recognition highlights the company’s commitment to sustainability and its goal of becoming one of the top 10 global commercial vehicle players. The company has set ambitious environmental targets, including carbon-neutral operations by 2030 and net-zero emissions by 2048, as well as committing to 100% renewable energy usage by 2030 through the RE100 initiative.

Ashok Leyland has shifted its approach from a compliance-based focus to incorporating sustainability across its business operations, product development, and corporate social responsibility initiatives. The company’s ESG assessment covered multiple parameters and evaluated its performance in sustainable business practices. Sustainalytics provides ESG research and ratings globally, helping investors and stakeholders assess companies’ sustainability performance.

The commercial vehicle industry is under increasing pressure to adopt sustainable practices and reduce environmental impact, making Ashok Leyland’s position as a leading manufacturer in India’s market significant. The company has established itself in the Indian market since its founding in 1948 and has a substantial presence in both domestic and international markets. This ESG ranking reflects Ashok Leyland’s evolution from a traditional manufacturer to one focused on sustainable mobility solutions.

Ashok Leyland and Sarva Haryana Gramin Bank collaborate to offer vehicle financing services in Haryana.

Ashok Leyland, India’s leading commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Sarva Haryana Gramin Bank to form a strategic vehicle financing partnership. This partnership aims to provide customized financial solutions to customers of Ashok Leyland. The MoU was signed by Mr. Viplav Shah, Head – LCV Business, Ashok Leyland and Mr. Mithilesh Kumar Jha, General Manager, Sarva Haryana Gramin Bank in the presence of Mr. Sanjeev Kumar Dhupar, Chairman, Sarva Haryana Gramin Bank.

Under this partnership, Sarva Haryana Gramin Bank will offer end-to-end financial solutions to Ashok Leyland customers, including vehicle loans with convenient monthly repayment plans. The partnership is designed to meet customer needs and provide tailored financial solutions to help them grow their businesses. Ashok Leyland’s commitment to innovation and customer success is evident in its cutting-edge technology and industry-leading total cost of ownership.

Sarva Haryana Gramin Bank is a prominent regional rural bank that operates in all 22 districts of Haryana, serving farmers, small businesses, and rural entrepreneurs. The bank has a strong focus on financial inclusion and rural development, and has achieved a high credit quality and 0% Net NPA. The partnership between Ashok Leyland and Sarva Haryana Gramin Bank is expected to extend their reach and provide tailored financing options to support the growth of businesses in the commercial vehicle segment in the state.

Ashok Leyland offers a comprehensive range of trucks and buses, from intercity light commercial vehicles to long-haul trucks and buses powered by alternative fuels. The company’s vehicles are designed to ensure safe transport and provide driver-friendly options. With its commitment to technological innovations and sustainable growth, Ashok Leyland is well-positioned to capitalize on the growth opportunities in the Indian commercial vehicle market.

Wheels India Ltd cruises to a 6-wicket victory in the 20th Lucas TVS-Thiruvallur DCA Trophy match.

Wheels India Ltd secured a six-wicket victory over Ashok Leyland Ennore in Group A of the 20th Lucas TVS-Thiruvallur DCA Trophy on Sunday. In pursuit of a target of 107, Wheels India Ltd reached the total in 25.3 overs, with T Chinnarasu remaining unbeaten on 37 runs. The win was largely due to the impressive bowling performance of Maddirala Ravi Teja and S Karthick, who took three wickets each for Wheels India Ltd.

The bowlers from Wheels India Ltd, led by Ravi Teja and Karthick, did an excellent job in restricting Ashok Leyland Ennore to a modest total of 106 in 27.4 overs. M Ganesh was the top scorer for Ashok Leyland Ennore, contributing 27 runs. However, the Wheels India Ltd bowlers were able to keep the batsmen in check, with Ravi Teja and Karthick picking up three wickets each.

In response, Wheels India Ltd started strongly, with their batsmen looking to accelerate the scoring rate. T Chinnarasu, in particular, played a crucial role, remaining unbeaten on 37 runs. D Krishna Kumar was the pick of the Ashok Leyland Ennore bowlers, taking three wickets for 34 runs. Despite his efforts, Wheels India Ltd were able to chase down the target, winning the match by six wickets.

The win has boosted Wheels India Ltd’s chances of progressing to the next round of the tournament, while Ashok Leyland Ennore will look to regroup and bounce back in their next match. The match was an exciting contest, with both teams showing some good cricket, but in the end, Wheels India Ltd emerged victorious.

Ashok Leyland partners with ESAF Small Finance Bank to offer vehicle financing solutions.

Ashok Leyland, a leading commercial vehicle manufacturer, has partnered with ESAF Small Finance Bank to offer customized financing options to its customers. The partnership aims to provide comprehensive financial solutions to customers, enabling them to access funding with flexible repayment plans. Under the agreement, ESAF Small Finance Bank will provide end-to-end financial services, including financing, to customers purchasing Ashok Leyland’s commercial vehicles.

The partnership aligns with both companies’ goals. Ashok Leyland, established in 1948, aims to strengthen its market position by offering financing options that meet customer needs, while ESAF Small Finance Bank is committed to promoting financial inclusion and supporting businesses through accessible financing.

The commercial vehicle financing sector in India has seen increased activity in recent times, with small finance banks such as ESAF playing a key role in providing financing options to underserved segments of the market. The partnership is expected to benefit from the growing demand for commercial vehicles in India, driven by increased infrastructure development and the government’s focus on logistics efficiency.

Ashok Leyland is a leading player in the commercial vehicle industry, with a focus on expanding its light commercial vehicle segment. The company offers a range of vehicles, including those powered by alternative fuels, and is committed to providing high-quality vehicles that meet the needs of customers.

The partnership is expected to provide a significant boost to the Indian commercial vehicle industry, which has been recovering from the pandemic-induced slowdown. The sector is expected to see increased growth as the government’s infrastructure development initiatives and focus on logistics efficiency come into effect. Overall, the partnership between Ashok Leyland and ESAF Small Finance Bank is a positive development for the commercial vehicle financing sector in India.