Option 1 states that Ashok Leyland is part of the Hinduja Group and Hindalco is part of the AV Birla Group Industries. This is correct, as Ashok Leyland is a flagship company of the Hinduja Group, a multinational conglomerate based in India, and Hindalco is an aluminum and copper manufacturing company that is part of the AV Birla Group Industries.

Option 2 claims that only the pair Hindalco: A.V. Birla Group Industries is correctly matched. This is incorrect because Ashok Leyland is also correctly matched with Hinduja Group.

Option 3 pairs Ashok Leyland with Hinduja Group and Suzlon Energy with Punj Lloyd Group. While the first pairing is correct, the second one is incorrect. Suzlon Energy is not part of the Punj Lloyd Group, it is an independent company specializing in wind energy.

Option 4, matching all three pairs, is incorrect owing to the mismatch of Suzlon Energy and Punj Lloyd Group in pair three.

So, the correct answer is option 1 which correctly matches pairs Ashok Leyland: Hinduja Group and Hindalco: A.V. Birla Group Industries.