Shares of Ashok Leyland will be in focus on Thursday, May 2, after the commercial vehicle major reported a 6% year-on-year decline in total sales for April 2025. The stock had closed at ₹225.31 in the previous trading session on April 30.
The company reported total vehicle sales (including exports) of 13,421 units in April 2025, compared to 14,271 units in the same month last year. The decline was largely driven by a 13% drop in medium and heavy commercial vehicles (M&HCV), with bus volumes falling 22% YoY.
In the domestic market, total sales fell 7% YoY to 12,509 units. Notably:
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M&HCV Trucks declined 10% to 5,915 units
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M&HCV Buses plunged 28% to 1,491 units
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LCV sales rose 6% YoY to 5,103 units
While the light commercial vehicle segment showed resilience, the overall sentiment may remain cautious due to continued pressure in Ashok Leyland’s core M&HCV segment.
The stock’s reaction will also be viewed in context with broader trends in the auto space, where peers like M&M, Maruti, and TVS Motor reported better-than-expected sales for April.
