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Ashok Leyland Shares Gain 3% on Unveiling AL H6 Engine

The plant will be spread over 70 acres and will be Ashok Leyland's most modern and green factory.

Shares of leading commercial vehicle manufacturer Ashok Leyland were trading 3% higher on 13 December after the company unveiled its AL H6 Diesel – CEV Stage V engine and other innovative products at EXCON 2023 in Bengaluru.

In its regulatory filing, the company said that its H6 Engines maintains its dominance over the market as a preferred choice for original equipment manufacturers in both track and wheel harvester applications. The H6 Engines are also widely known for their lowest cost of ownership.

Along with its new diesel engines, the company revealed half a dozen products at the 12th International Construction Equipment and Technology trade fair, EXCON 2023, in Bengaluru.

The event is scheduled from 12 December to 16 December.

The company also showcased products, including H6 Engine – Hydrogen (H2 ICE), H4 Engine – Diesel engine, A6 Engine – Diesel, EATS –compact and efficient exhaust after Treatment system, 40 kVA Genset – CPCB4+, and DEF Tank –compact and proven diesel exhaust fluid tank.

Shenu Agarwal, MD and CEO of Ashok Leyland, said, “As the need for enhanced fuel efficiency rises and the integration of alternative fuels with diesel engines continues to grow, we present a comprehensive array of state-of-the-art engine solutions. Our engines can be customised for various applications, catering to the evolving demands of the industry.”

The company is also looking to expand its product lines and enhance its presence in the fast-increasing engine market.

At 3:30 pm, the shares of Ashok Leyland closed 1.13% higher at Rs 174.15 on NSE.

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