Ashok Leyland reported it’s highest ever commercial vehicle (CV) volumes of 44,238 units in Q1 FY25. File
| Photo Credit: M. Subhash
Ashok Leyland Ltd. for the first quarter ended June 30, 2025 reported 13% growth in net profit at ₹594 crore as compared with ₹526 crore a year ago.
During the quarter the company’s revenue increased 1.5% year-on-year (YoY) to ₹8,724 crore.
It also reported it’s highest ever commercial vehicle (CV) volumes of 44,238 units in Q1 FY25.
Domestic medium and heavy commercial vehicle (MHCV) industry almost remained flat on a high base of last year Q1. Ashok Leyland MHCV Truck volumes (excluding Defence) grew 2% registering YoY market share increase from 28.9% to 30.7%, the company said.
MHCV Bus TIV (excluding EVs) grew by 5%. It maintained its domestic market leadership position in MHCV buses.
LCV domestic Q1 volume at 15,566 units were ever highest for the quarter. The Export volume in Q1 grew 29% YoY at 3,011 units. The Power Solutions, Aftermarket and Defence businesses also contributed strongly to the financial performance, the company said.
Dheeraj Hinduja, chairman, Ashok Leyland, said “The company has delivered a robust Q1 performance, exceeding the expectations through effective market execution while maintaining rigorous cost management.”
“Our electric mobility subsidiary, Switch Mobility, continues to gain good traction and has achieved positive EBITDA. We are redoubling our efforts in the international markets and Defence business,” he said.
“Reinforcing our product superiority and strong customer orientation, we are sharpening our focus to play a pivotal role in our industry,” he added.
Shenu Agarwal, managing director & CEO, Ashok Leyland said, “We are happy to report simultaneous increases in market share and operating margins. This reinforces our strategy to deliver profitable growth through superior products and best-in-class customer service.”
“Our focus on growing our non-CV portfolio is also helping us deliver record performances in many quarters in a row. Our priority remains achieving mid-teen EBITDA margins in the medium term, while advancing our commitment to future-ready technologies,” he added.
Published – August 14, 2025 03:49 pm IST
