Ashok Leyland shares rise over 2% on December sales growth of 5% YoY

Ashok Leyland Ltd shares advanced 2% on January 2, 2025, trading at ₹226.09, after the company reported robust sales figures for December 2024. The total vehicle sales, including domestic and exports, grew by 5% year-on-year (YoY), with 16,957 units sold compared to 16,154 units in December 2023.

Detailed Sales Breakdown:

Medium & Heavy Commercial Vehicles (M&HCV):

• Trucks: 9,238 units (+11% YoY)
• Buses: 2,236 units (-3% YoY)
• Total M&HCV: 11,474 units (+8% YoY)

Light Commercial Vehicles (LCV):

• Total LCV Sales: 5,483 units (-1% YoY)

Domestic Performance:

• Total Domestic Sales: 15,713 vehicles (+4% YoY)
  • December 2024: 15,713 units
  • December 2023: 15,153 units

Cumulative Figures (April-December 2024):

• Total Domestic and Export Sales: 135,921 units (-2% YoY)
  • M&HCV Performance:
    • Trucks: 66,652 units (-7% YoY)
    • Buses: 19,471 units (+20% YoY)
    • Total M&HCV: 86,123 units (-2% YoY)
  • LCV Sales: 49,798 units (-2% YoY)

The consistent growth in M&HCV trucks and buses, despite a marginal decline in LCV sales, highlights Ashok Leyland’s strong market presence in the commercial vehicle segment. The company’s ability to sustain growth in domestic sales amidst challenging market conditions reinforces investor confidence, driving the stock’s positive performance.

Ashok Leyland Share Price history