Ashok Leyland, the flagship company of the Hinduja Group, and the second largest commercial vehicle manufacturer in India has declared an interim dividend of Rs 4.95 per equity share for the financial year ending 2023-24, the company said in an exchange notification on 25 March 2024. 

"The Board of Directors of the Company, at their meeting held today, has declared an Interim Dividend of Rs 4.95 per equity share of Re. 1 each, for the financial year ending 2023-24," the company said in an exchange notification. 

The record date for determining members eligible to receive interim dividend is 3 April 2024. The interim dividend will be paid on or before 23 April 2024. 

Autocar Professional recently exclusively reported that the Chennai-based commercial vehicle maker is looking at exploring the development of hybrid technology for small commercial vehicles, to cater to the demand for intercity applications. 

Ashok Leyland's Executive Chairman, Dheeraj Hinduja, previously announced a new multipurpose platform for small trucks within the next two years. Elaborating this further, Sarvanan noted that this platform will be adaptable for various fuel types, including gasoline, CNG, hybrids, and electric vehicles, among others. 

Also read: Ashok Leyland's 75 year old journey in India