Chennai, India – February 1, 2025 – Ashok Leyland Limited (NSE: ASHOKLEY, BSE: 500477) has released its sales figures for January 2025, showcasing moderate growth in domestic sales, while export and total sales registered a stronger increase.
Key Highlights – Domestic Sales (January 2025)
| Category | Jan '25 | Jan '24 | YoY Growth |
|---|
| M&HCV Trucks | 7,839 | 7,581 | +3% |
| M&HCV Buses | 2,025 | 1,874 | +8% |
| Total M&HCV | 9,864 | 9,455 | +4% |
| LCV | 5,463 | 5,444 | 0% |
| Total Vehicles | 15,327 | 14,899 | +3% |
- Medium & Heavy Commercial Vehicle (M&HCV) segment grew by 4%, driven by 8% growth in bus sales.
- Light Commercial Vehicle (LCV) segment remained flat with no significant increase in sales.
- Overall, domestic vehicle sales rose 3% YoY in January 2025.
Key Highlights – Domestic + Exports (January 2025)
| Category | Jan '25 | Jan '24 | YoY Growth |
|---|
| M&HCV Trucks | 8,269 | 7,770 | +6% |
| M&HCV Buses | 3,115 | 2,448 | +27% |
| Total M&HCV | 11,384 | 10,218 | +11% |
| LCV | 5,829 | 5,721 | +2% |
| Total Vehicles | 17,213 | 15,939 | +8% |
- Exports drove overall sales growth, with total vehicle sales increasing 8% YoY.
- The M&HCV bus category recorded an impressive 27% growth in global sales.
- The cumulative domestic and export sales for M&HCV trucks and buses registered an 11% YoY growth.
Cumulative Sales Performance (April 2024 – January 2025)
| Category | FY25 (April-Jan) | FY24 (April-Jan) | YoY Growth |
|---|
| M&HCV Trucks | 72,290 | 77,682 | -7% |
| M&HCV Buses | 16,311 | 13,086 | +25% |
| Total M&HCV | 88,601 | 90,768 | -2% |
| LCV | 52,852 | 54,126 | -2% |
| Total Vehicles | 141,453 | 144,894 | -2% |
- Despite strong bus sales growth (+25%), total cumulative domestic vehicle sales fell 2% YoY.
- Exports helped balance domestic slowdowns, with M&HCV bus exports increasing by 21% YoY.
Market Outlook
Ashok Leyland’s performance in January 2025 highlights steady domestic demand, particularly in
the bus segment, which continues to witness robust growth. The overall
truck segment remains under pressure, reflecting macroeconomic and industry-related challenges. However, export markets provided an uplift, with
double-digit growth in M&HCV global sales.
For further details,
Rajesh Mani (Head - Marketing and Corporate Communications) and
Mayura K (Asst. General Manager - Brand Communications) can be contacted at Ashok Leyland.
Conclusion
Ashok Leyland's sales trajectory remains
positive in buses and exports, while
domestic truck demand faces some headwinds. The company's ability to maintain growth despite broader economic challenges signals its
strong market position and strategic expansion efforts.