Ashok Leyland Sales Report August 2024: Records 46.65% Growth in Export Sales, Sells 577 Units

Key Highlights:

• Overall sales dropped by 8.18%, with 12,519 units sold in August 2024.
• Domestic sales decreased by 9.81%, totaling 11,942 units.
• M&HCV domestic sales fell by 17% to 6,385 units.
• Export sales grew by 46.65%, with 577 units shipped.
• LCV domestic sales remained stable with 5,557 units sold.

Ashok Leyland, India's leading commercial vehicle manufacturer, reported a decline of 8.18% in overall sales for August 2024, encompassing domestic and export markets. The company sold 12,519 units in August 2024 compared to 13,635 units in August 2023.

Segment-wise Gross CV Sales for August 2024

Performance: The company recorded an 8.18% decrease in Gross Commercial Vehicle Sales, including a 14% decline in the M&HCV category and a 0% growth in LCV.

Category-wise Breakdown: The M&HCV truck category sold 6,719 CVs, down from 7,822 in August 2023. For the LCV category, 5,800 CVs were sold in August 2024, compared to 5,813 in August 2023.

Ashok Leyland Domestic sales

Domestic Commercial Vehicle Sales dropped by 9.81%

In the domestic market, Ashok Leyland witnessed a 9.81% decrease in sales, with 11,942 commercial vehicles sold in August 2024, compared to 13,241 units in the same month last year.

Segment-wise Domestic Sales Performance (August 2024)

Ashok Leyland's domestic sales figures for August 2024 show a mixed performance compared to August 2023:

M&HCV Truck Segment: The Medium and Heavy Commercial Vehicle (M&HCV) truck category reported a decline of 17% in sales, with 6,385 units sold in August 2024 compared to 7,709 units in August 2023.

LCV Category: The Light Commercial Vehicle (LCV) category saw a 0% growth, with 5,557 units sold in August 2024 compared to 5,532 units sold in the same month last year.

Ashok Leyland Export sales

Export sales increased by 46.65%

On a positive note, the company experienced a remarkable 46.65% growth in export sales, with 577 units shipped in August 2024, up from 394 units in August 2023.

Segment-wise Export Sales Performance (August 2024)

Growth in M&HCV Category: Export sales in the M&HCV category experienced a growth of 195.58%, with 334 units sold in August 2024, compared to 113 units in August 2023.

Decline in LCV Category: Ashok Leyland witnessed a decline in sales of 13.52% in the LCV category, with 243 units sold in August 2024, down from 281 units in August 2023.

Also Read: Ashok Leyland Sales Report June 2024: Records 3.39% decline in Domestic Sales, Sells 12,626 Units

CMV360 Says

Ashok Leyland's mixed performance in August 2024 highlights the challenges faced in the domestic market, particularly in the M&HCV segment. However, the significant growth in export sales, especially in the M&HCV category, indicates strong international demand.