Ashok Leyland reported total vehicle sales of 14,137 units in November 2024, reflecting a modest 1% year-on-year (YoY) growth. While domestic sales witnessed a decline, growth in the medium and heavy commercial vehicle (M&HCV) bus segment contributed positively to the overall performance.
Sales Performance Overview
Domestic Sales
- Total Vehicles Sold: 12,473 units, down 4% from 13,031 units in November 2023.
- M&HCV Segment:
- Trucks: Sold 6,609 units, a slight 2% decline YoY.
- Buses: Recorded strong growth with 1,304 units sold, up 33% YoY.
- Total M&HCVs: 7,913 units, up 2% YoY.
- Light Commercial Vehicles (LCV): Sales dropped 14% YoY, with 4,560 units sold.
- M&HCV Segment:
Domestic + Export Sales
- Total Vehicles Sold: 14,137 units, up 1% YoY (November 2023: 14,053 units).
- M&HCV Segment:
- Trucks: Sales increased by 3% YoY to 7,149 units.
- Buses: Showed significant growth with 2,027 units, up 29% YoY.
- Total M&HCVs: 9,176 units, an 8% YoY increase.
- LCV Sales: Declined by 11% YoY, with 4,961 units sold.
- M&HCV Segment:
Cumulative Sales (April–November 2024)
- Domestic Sales:
- M&HCVs: Total of 68,249 units, down 4% YoY.
- LCVs: Total of 42,164 units, a 3% decline YoY.
- Total Vehicles: 1,10,413 units, down 4% YoY.
- Domestic + Export Sales:
- M&HCVs: 74,649 units, a 3% drop YoY.
- LCVs: 44,315 units, a 2% decline YoY.
- Total Vehicles: 1,18,964 units, reflecting a 3% YoY decline.
Highlights
- Strong growth in the M&HCV bus segment continues to support overall sales performance.
- Declines in domestic LCV sales and domestic M&HCV truck sales remain a concern.
- Export growth helped offset domestic sales challenges.
Ashok Leyland’s performance reflects resilience in the face of market challenges, supported by robust demand for M&HCV buses. However, addressing declines in LCV sales will be critical for sustained growth.
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