Their business encompasses a comprehensive portfolio, including trucks, buses, light commercial vehicles, defense vehicles, and power solutions like industrial and marine engines. Ashok Leyland caters to diverse needs, from logistics and public transportation to specialized applications for the armed forces. They are recognized for their strong manufacturing capabilities with multiple plants in India and international locations like the UAE and the UK.
The company emphasizes innovation and sustainability, venturing into electric and alternative fuel vehicles. They also provide a wide range of services, including aftermarket support, telematics solutions, and vehicle financing, demonstrating a commitment to end-to-end customer solutions. Ashok Leyland has a substantial sales and service network across India, ensuring widespread reach and customer support.
Latest News on Ashok Leyland
Vignesh Automobile revolutionizes fleet management in Tamil Nadu with the launch of a specialized Ashok Leyland service hub, as reported by Motorindia.
Vignesh Automobile, a legacy brand in the automotive industry, has launched a dedicated Ashok Leyland service center to transform the commercial vehicle service experience. Established in 2016, the company has moved beyond manufacturing buses and trucks to focus on customer satisfaction through innovative service solutions. The new service facility, spanning over 19,500 square feet, is equipped with advanced tools and technology, including i-Alert and EDC scan tools, to pinpoint faults and resolve issues quickly.
The center employs over 34 skilled professionals, including L3-certified mechanics trained by Ashok Leyland, and offers a range of services, including repairs, maintenance, and spare parts supply. The facility is designed to reduce vehicle turnaround time, particularly for long-haul routes, and serves buses, tippers, LCVs, and heavy-load trucks. Ashok Leyland’s robust spare parts supply chain and Vehicle Off Road (VOR) order mechanism ensure that critical components can be delivered quickly, minimizing wait times for customers.
Vignesh Automobile is also preparing for the future by investing in training for electric vehicle servicing, with a focus on Ashok Leyland’s Switch Mobility vehicles. The company offers value-added services, including on-site service campaigns for large fleet operators and transparent warranty claims processing. The service center is open 24/7, 365 days a year, and offers dedicated roadside breakdown support.
The company’s long-term vision is to establish 20 service centers across Tamil Nadu by 2030, with a focus on high-potential regions. Vignesh Marimuthu Rajaram, Managing Director of Vignesh Automobile, emphasizes the company’s commitment to innovation, service excellence, and customer trust. With its strong presence in both passenger and goods transport segments, Vignesh Automobile is poised to become a leading player in the commercial vehicle service landscape.
The company’s goal is to be ahead of the curve in terms of technology and innovation, with a focus on electric and alternative fuel vehicles. By building a network of service centers and investing in training and technology, Vignesh Automobile aims to provide seamless and efficient service experiences for its customers. With its legacy brand and innovative approach, Vignesh Automobile is set to revolutionize the commercial vehicle service industry in India.
Ashok Leyland warns of 1.5% price hike in trucks due to AC cabin mandate.
The Indian government has mandated that all medium and heavy commercial vehicles (M&HCVs) must have air-conditioned (AC) cabins, effective June 8. This move is expected to increase vehicle costs by around 1.5%, according to Sanjeev Kumar, president and head of M&HCV at Ashok Leyland. However, Kumar believes that this price increase will not negatively impact demand, as the industry was well-prepared for the transition. Unlike previous changes in emission norms, there has been no pre-buying, and demand remains intact.
Ashok Leyland’s domestic MHCV truck sales have declined 5% year-on-year to 93,540 units in FY25, and the slowdown continued into the new fiscal with a 10% drop in April sales. Nevertheless, Kumar is optimistic about the benefits of AC cabins, which will improve driver productivity and efficiency. He notes that about 15-20% of the commercial vehicle industry has already adopted AC cabins, and this will enhance fleet performance on long-haul routes. With AC cabins, monthly vehicle utilization is expected to increase from 7,000-8,000 km to 15,000-20,000 km.
Ashok Leyland is currently producing AC-fitted trucks across its entire M&HCV range at all its facilities. Other manufacturers, such as Tata Motors, have also begun rolling out factory-fitted AC systems across their truck ranges. The government’s mandate applies to trucks with capacities between 7.5 tonnes and 55 tonnes, and the industry is adapting to the new regulation. Overall, while the introduction of AC cabins will increase costs, it is expected to have a positive impact on the industry, improving driver comfort and increasing vehicle utilization. The demand for M&HCVs is expected to remain strong, driven by the growing need for efficient and comfortable transportation solutions.
Morgan Stanley Raises Target Price for Ashok Leyland, Citing Robust Net Cash Reserves
Morgan Stanley has revised its target price for Ashok Leyland Ltd., a leading commercial vehicle manufacturer, from Rs 284 to Rs 288. This upgrade is primarily driven by the company’s stronger net cash position, which has improved its financial stability and flexibility. However, the brokerage firm has also made some revisions to its volume estimates for Ashok Leyland.
On the domestic front, Morgan Stanley has cut its Medium and Heavy Commercial Vehicles (M&HCV) volume estimates by 2% for fiscal 2026, citing slower demand in the market. This reduction in demand is expected to have a marginal impact on the company’s overall sales. Despite this, the firm’s volume estimates remain largely unchanged, indicating that the impact of slower demand will be offset by other factors.
On the export front, Morgan Stanley has increased its volume estimates for Ashok Leyland, driven by the company’s strong performance in international markets. Ashok Leyland has been doing well in exports, and the brokerage firm expects this trend to continue, contributing to the company’s overall growth.
In terms of pricing, Morgan Stanley has lowered its average selling price estimates for fiscal 2026 and 2027, due to lower realizations in fiscal 2025. The implementation of AC cabin regulations and higher steel costs are also expected to have a negative impact on the company’s Ebitda margin estimates, with cuts of 20 basis points and 10 basis points for fiscal 2026 and 2027, respectively. However, lower-than-expected depreciation and higher other income are expected to keep the company’s EPS estimates largely unchanged.
Recently, Ashok Leyland won a significant order from the Tamil Nadu government to supply hundreds of diesel buses by the end of the year. This order is expected to contribute to the company’s sales and revenue growth in the coming months. Overall, Morgan Stanley’s revised target price and estimates for Ashok Leyland reflect a mixed outlook for the company, with strengths in exports and a strong net cash position, but challenges in domestic demand and pricing.
Ashok Leyland Sees Significant Rebound with 15,484 Vehicle Sales in May 2025
Ashok Leyland, a leading commercial vehicle manufacturer, has reported a significant rebound in sales for the month of May 2025. The company sold a total of 15,484 units in May, which represents a 15% increase from the 13,421 units sold in April 2025. This growth is attributed to the strong performance of the Medium and Heavy Commercial Vehicle (M&HCV) segment, which saw a 17% increase in sales compared to the previous month.
The M&HCV category, which includes trucks and buses, posted sales of 10,282 units in May, with truck sales leading the way with a 20% rise to 7,606 units. Bus sales also improved, with a 10% increase to 2,676 units. The Light Commercial Vehicle (LCV) segment saw a slight improvement, with sales increasing by 4% to 5,202 units.
In terms of domestic sales, Ashok Leyland sold 14,534 units in May, which represents a 14% increase from the 12,754 units sold in April. Export shipments also showed a modest recovery, with 950 units sold in May compared to 667 units in April.
Cumulatively, Ashok Leyland has sold 28,905 units over the first two months of 2025, which is nearly flat compared to the 28,953 units sold during the same period in 2024. While the overall growth remains steady, the improvement in May suggests that the company is recovering from the downturn in April, particularly in the core commercial vehicle segments.
The strong performance of the M&HCV segment is a positive sign for Ashok Leyland, as it indicates a recovery in the commercial vehicle market. The company’s ability to maintain a steady sales performance despite the challenges in the market is a testament to its resilience and adaptability. With the commercial vehicle market expected to continue growing, Ashok Leyland is well-positioned to capitalize on the trend and drive future growth. Overall, the company’s sales performance in May 2025 is a encouraging sign for the industry and investors alike.
Momentum Boosted: Allison and Ashok Leyland Unite to Drive Progress in Tamil Nadu
Ajay Hinduja, a member of the Hinduja Group, highlights the partnership between Allison Transmission and Ashok Leyland in introducing low-floor, automatic city buses in Tamil Nadu. This initiative aims to enhance accessibility, comfort, and efficiency in public transportation, revolutionizing urban mobility and aligning with the Hinduja Group’s vision of sustainable, inclusive solutions. The partnership has brought together a global leader in transmission technology and a leading bus manufacturer to develop and deliver next-generation buses. The 12-meter low-floor buses are equipped with advanced automatic transmission technology, designed to optimize performance in city transit operations, and are tailored to address critical needs in Tamil Nadu’s urban transport system.
The partnership is notable for its commitment to investing in infrastructure that meets the demands of modern urban environments. Ashok Leyland brings its established reputation for durable and efficient bus manufacturing, while Allison contributes cutting-edge transmission technology that promises to make city transit more user-friendly and sustainable. Ajay Hinduja emphasized the Hinduja Group’s long-standing commitment to pioneering advancements in the transportation sector, stating that the initiative reflects the Group’s dedication to revolutionizing India’s public transportation framework.
This collaboration sets an ambitious precedent for future advancements in India’s public transportation. By prioritizing passenger comfort, accessibility, and efficiency, this partnership is positioning itself as a model for other states looking to improve their transit systems. The low-floor automatic city buses in Tamil Nadu represent a reimagining of what public transportation can offer, and are expected to influence how urban transit systems across India evolve. The impact of this partnership will likely extend beyond Tamil Nadu, setting new standards for how technology, accessibility, and sustainability can converge to shape the future of public transportation in India.
Stock Market Updates for Ashok Leyland
Recent Updates
India’s Ashok Leyland signs massive deal to supply vehicles worth $87 million to the Indian Army
Ashok Leyland, a Hinduja Group company, has announced that its defense business has secured multiple orders worth over Rs 700 crore to supply vehicles to the Indian Army. The orders are part of the Close-in Weapon Systems (CIWS) program, which aims to provide the defense sector with troop transportation, logistics, and specialized mobility requirements.
The company will be supplying a range of vehicles, including the Stallion 4×4, Stallion 6×6, Short Chassis Bus, and Mobility System Travelling Platform. These vehicles are designed to provide superior reliability and off-road capability, making them ideal for demanding terrains.
Ashok Leyland’s MD & CEO, Shenu Agarwal, expressed pride in securing the new orders, noting that they reaffirm the company’s commitment to delivering cutting-edge solutions for the armed forces. The company’s defense business is a key pillar of its future growth, and Ashok Leyland is committed to developing indigenous mobility solutions that meet the operational needs of the Indian Army.
The company’s President of Defense Business, Amandeep Singh, emphasized the importance of “Atmanirbhar Bharat” (self-reliance in defense) and Ashok Leyland’s commitment to developing indigenous design and manufacturing capabilities in the defense mobility sector. The company is proud to support the Indian Army and is committed to delivering the orders on time.
With these new orders, Ashok Leyland further solidifies its position in strengthening the nation’s defense capabilities. The company’s spirit of innovation continues to power the Indian Army’s logistics backbone, reinforcing its role as a trusted partner.
Volvo-Eicher’s joint venture stands out as a beacon of success in an industry largely dominated by the likes of Tata and Ashok Leyland.
The Volvo-Eicher venture, a joint venture between Swedish automaker Volvo and Indian company Eicher, is considered a rare success story in the Indian automotive industry, ruled by Tata and Ashok Leyland. The joint venture was established in 2004, with the goal of creating a range of medium and heavy commercial vehicles.
The partnership was a strategic move by both companies to tap into the growing demand for commercial vehicles in India. Volvo, a global leader in the truck and bus manufacturing industry, brought with it its expertise in technology, design, and manufacturing, while Eicher, a well-established player in the Indian market, provided a strong brand and local knowledge.
Under the joint venture, the companies developed a range of products, including the Eicher Pro 1000 range of trucks and buses, which were designed to meet the needs of the Indian market. The venture was a massive success, with the Eicher Pro 1000 range quickly gaining popularity among customers for its high-performance, fuel efficiency, and durability.
One of the key factors contributing to the success of the venture was the blending of Swedish technology with Indian ingenuity. The partnership allowed for the creation of a product line that not only met but exceeded customer expectations. The joint venture also provided opportunities for the transfer of skills and knowledge between employees from both companies, leading to a significant increase in local expertise in the Indian automotive sector.
The success of the joint venture has also led to increased competition in the industry, with other global players, including Scania and Mercedes-Benz, entering the Indian market. However, the Volvo-Eicher joint venture remains a dominant player in the medium and heavy commercial vehicle segment, with a strong reputation for quality, reliability, and performance.
The joint venture has also had a positive impact on the Indian automotive industry as a whole, contributing to the growth and development of the sector. It has also created new job opportunities and stimulated local innovation, making it a model for other international partnerships in the industry.
In conclusion, the Volvo-Eicher joint venture is a testament to the success that can be achieved through strategic partnerships and collaborative working. The blending of global expertise with local knowledge has enabled the creation of a range of innovative, high-quality products that have made a significant impact on the Indian automotive industry.
India gets tough! BharatBenz unleashes its powerful heavy-duty truck range, featuring a potent 6.7L diesel engine that churns out an impressive 1200 Nm of torque!
BharatBenz, a German-Indian joint venture between Daimler AG and Force Motors, has launched its heavy-duty truck range in India with a powerful 6.7 liter diesel engine that produces 160 kW (218 hp) of power and 1,200 Nm of torque. The trucks are designed to cater to the requirements of the Indian logistics and construction industries, which need reliable and efficient transportation solutions.
The BharatBenz truck range is available in six different models, including the 3143, 6143, 8143, 12143, 15243, and the 18243. These trucks are designed to provide high payload capacity, better fuel efficiency, and reduced operating costs, making them ideal for long-haul transportation, construction, and mining applications.
The 6.7 liter in-line six-cylinder engine is designed to deliver high performance and low emissions. It is equipped with advanced technology, including a high-pressure fuel injection system, advanced engine management system, and a sleek design that enhances aerodynamics. The engine is also relatively lightweight, which helps to improve the truck’s overall efficiency.
The BharatBenz trucks are also designed to provide a high level of comfort and safety. They feature a ergonomic cabin, advanced suspension, and a robust braking system, making them suitable for long hours of driving on rough terrain. The trucks also come with advanced safety features, such as anti-lock braking system (ABS), electronic braking system (EBS), and cornering stability control.
The launch of the BharatBenz heavy-duty truck range in India is likely to compete with other popular brands such as Ashok Leyland, Tata, and Scania. BharatBenz is positioned as a premium brand, offering a range of benefits such as low operating costs, high payload capacity, and reliability.
Overall, the launch of the BharatBenz heavy-duty truck range in India is expected to be a major development in the Indian trucking industry, given the growing demand for efficient and reliable transportation solutions. The trucks are designed to cater to the needs of a wide range of industries, including logistics, construction, mining, and more. With its powerful engine and advanced features, the BharatBenz truck range is set to make a mark in the Indian market.