Ashok Leyland Limited, headquartered in Chennai, is a prominent Indian multinational automotive manufacturer and a flagship company of the Hinduja Group. Established in 1948, the company has evolved into the second-largest manufacturer of commercial vehicles in India and the fourth-largest manufacturer of buses globally. With a presence in over 50 countries, Ashok Leyland offers a diverse range of products, including trucks, buses, defense vehicles, and electric mobility solutions.

Product Portfolio

Ashok Leyland's extensive product lineup caters to various sectors, ensuring comprehensive transportation solutions:

• Commercial Vehicles: The company's core offerings encompass a wide array of trucks and buses, ranging from light commercial vehicles (LCVs) to heavy-duty trucks and multi-axle buses. Models like the Dost, Partner, and the AVTR series are designed to meet diverse logistical and passenger transport needs.
• Defense and Special Applications: Ashok Leyland is a key supplier of specialized vehicles for defense and other specialized applications. The company has a longstanding relationship with the Indian Army, providing a significant portion of its logistics vehicles. Additionally, Ashok Leyland has partnerships with armed forces across the globe, contributing to border security and specialized operations.
• Electric Mobility: Embracing the future of transportation, Ashok Leyland has ventured into the electric vehicle (EV) segment. The company is set to commence commercial production at its EV bus manufacturing facility in Lucknow within two months, marking a significant step towards sustainable mobility.

Sales Performance

Ashok Leyland has demonstrated consistent growth in its sales performance:

• March 2025: The company reported a 5.82% increase in total commercial vehicle sales, reaching 24,060 units compared to 22,736 units in March 2024. Domestic sales for the month stood at 22,510 units, marking a 6.24% year-on-year growth. Notably, sales in the medium and heavy commercial vehicle (M&HCV) segment advanced by 11.78%, while light commercial vehicle (LCV) sales experienced a slight decline of 5.47%.
• September 2025: The company achieved total sales of 18,813 vehicles, reflecting a 9% year-on-year increase. Domestic sales accounted for 17,209 units, with the LCV segment witnessing a 15% rise and the M&HCV segment recording a 3% growth. Exports also contributed significantly, with M&HCV bus sales increasing by 19% year-on-year.

Financial Highlights

Ashok Leyland's robust financial performance underscores its market leadership:

• Q4 FY25: The company reported a 38.4% year-on-year increase in profit after tax (PAT), reaching ₹1,246 crore. Revenue from operations for the quarter stood at ₹11,907 crore, a 6% rise from the previous year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) margin improved to 12.7%.
• FY25: For the fiscal year, Ashok Leyland achieved a PAT of ₹3,303 crore, marking a 26% increase compared to the previous year. Revenue for the year was ₹38,753 crore, reflecting a 1% growth. The company declared a 1:1 bonus share issue, highlighting its strong financial position.

Recent Developments

• TNSTU Order: Ashok Leyland secured a significant order from the Tamil Nadu State Transport Undertakings (TNSTU) for 1,937 buses, valued at approximately ₹669 crore. This contract includes the supply of AIS 153-compliant BS VI diesel-powered chassis and fully built buses, reinforcing the company's strong presence in the public transport sector.
• EV Bus Manufacturing Facility: The company's upcoming EV bus manufacturing facility in Lucknow is set to commence operations soon, marking a strategic move towards electric mobility and sustainable transportation solutions.

Ashok Leyland continues to solidify its position as a leader in the commercial vehicle industry through consistent innovation, robust financial performance, and strategic expansions. The company's diverse product portfolio, coupled with its commitment to sustainability and technological advancements, positions it well for continued growth and success in the evolving global automotive landscape.