Ashok Leyland Sales Report November 2024: Records 115% Growth in Export Sales, Sells 941 Units

Key Highlights:

• Ashok Leyland's overall sales dropped by 3% in November 2024, selling 12,110 units compared to 12,486 units in November 2023. 
• Domestic sales declined by 7%, with 11,169 units sold in November 2024, down from 12,049 units in the same month last year. 
• The M&HCV segment showed a 2% decrease in domestic sales and the LCV segment saw a 14% drop. 
• Exports grew by 115%, with 941 units shipped in November 2024, compared to 437 units in November 2023. 
• Export sales of M&HCV trucks increased by 200%, and LCV export sales grew by 55%.

Ashok Leyland, India's leading commercial vehicle manufacturer, reported a decline of 3% in overall sales for November 2024, encompassing domestic and export markets. The company sold 12,110 units in November 2024 compared to 12,486 units in November 2023.

Segment-wise Gross CV Sales for November 2024

Performance: The company recorded a 3% decrease in Gross Commercial Vehicle Sales, including a 3% growth in the M&HCV and an 11% decline in the LCV category.

Category-wise Breakdown: The M&HCV truck category sold 7,149 CVs, up from 6,933 in November 2023. For the LCV category, 4,961 CVs were sold in November 2024, compared to 5,553 in November 2023.

Ashok Leyland Domestic sales

Domestic Commercial Vehicle Sales dropped by 7%

In the domestic market, Ashok Leyland witnessed a 7% decrease in sales, with 11,169 commercial vehicles sold in November 2024, compared to 12,049 units in the same month last year.

Segment-wise Domestic Sales Performance (November 2024)

Ashok Leyland's domestic sales figures for November 2024 compared to November 2023:

M&HCV Truck Segment: The Medium and Heavy Commercial Vehicle (M&HCV) truck category reported a decline of 2% in sales, with 6,609 units sold in November 2024 compared to 6,755 units in November 2023.

LCV Category: The Light Commercial Vehicle (LCV) category saw a 14% decline, with 4,560 units sold in November 2024 compared to 5,294 units sold in the same month last year.

Ashok Leyland Export sales

Export sales increased by 115%

On a positive note, the company experienced a 115% growth in export sales, with 941 units shipped in November 2024, up from 437 units in November 2023.

Segment-wise Export Sales Performance (November 2024)

Growth in M&HCV Category: Export sales in the M&HCV category experienced a growth of 200%, with 540 units sold in November 2024, compared to 178 units in November 2023.

Growth in LCV Category: Ashok Leyland witnessed a growth in sales of 55% in the LCV category, with 401 units sold in November 2024, up from 259 units in November 2023.

Also Read: Ashok Leyland Sales Report October 2024: Records 1% Growth in Export Sales, Sells 519 Units

CMV360 Says

Ashok Leyland’s domestic sales have dropped, but their exports have grown by 115%. The rise in demand for M&HCV trucks abroad is promising. The dip in domestic sales might be temporary. A more focus on exports could help the company improve its performance in the future.