ASHOK LEYLAND still a strong buy for target 60

Hinduja Group flagship company Ashok Leyland plans to launch its next-generation commercial vehicles with state-of-the-art technology in the next two to three years.

Using its in-house R&D set-up, the company is developing electronic shift-by-wire transmission technology and electronic-controlled engine management systems to take fuel efficiency to a new level. It will also be launching a range of hybrid trucks and buses next year.