INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Ashok Leyland bags 1,400-bus order

This is the company's largest bus supply order. (Pic Al Naboodah)
  • The 55-seater Falcon bus and 32-seater Oyster bus - will be supplied from Ashok Leyland’s $50 million manufacturing facility in Ras Al Khaimah.
  • Most of the supplies will be made to Emirates Transport and STS Group, a statement from the company said.

Dubai, UAE: Ashok Leyland, the flagship brand of the Hinduja Group, said Wednesday that it bagged an order for 1,400 school buses in the UAE, its largest ever supply of school buses in the emirates.

The 55-seater Falcon bus and 32-seater Oyster bus – will be supplied from Ashok Leyland’s $50 million manufacturing facility in Ras Al Khaimah, UAE, which is the only certified local bus making facility in the entire GCC.

The total fleet deal for the GCC made buses has been bagged by Ashok Leyland’s UAE distribution partners, Swaidan Trading – Al Naboodah Group. Most of the supplies will be made to Emirates Transport and STS Group, a statement from the company said.

“These products are made in the UAE assembly plant. The product concepts originate in the UAE, the designs are done by our engineers in UAE and are assembled in the factory in UAE, with more than 55 percent of parts sourced in UAE.  It will be apt to call it “The Emirati Bus”- Made in UAE, for the GCC,” said Dheeraj Hinduja, Executive Chairman, Ashok Leyland.

The Ras Al Khaimah plant is a joint venture between Ashok Leyland and the Ras Al Khaimah Investment Authority (RAKIA), UAE, and has an installed capacity of 4,000 buses a year.

Ever since its start in 2008, Ashok Leyland has rolled out 25,500 buses from the plant so far.