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

Key Highlights:

• Ashok Leyland's total sales dropped by 12% to 13,357 units in October 2024.
• Domestic sales decreased by 12%, with 12,838 vehicles sold.
• M&HCV sales declined by 13% to 7,208 units.
• Export sales grew by 1%, reaching 519 units.
• M&HCV exports surged by 36% to 247 units.

Ashok Leyland, India's leading commercial vehicle manufacturer, reported a decline of 12% in overall sales for October 2024, encompassing domestic and export markets. The company sold 13,357 units in October 2024 compared to 15,133 units in October 2023.

Segment-wise Gross CV Sales for October 2024

Performance: The company recorded a 12% decrease in Gross Commercial Vehicle Sales, including a 12% decline in the M&HCV and LCV category.

Category-wise Breakdown: The M&HCV truck category sold 7,455 CVs, down from 8,454 in October 2023. For the LCV category, 5,902 CVs were sold in October 2024, compared to 6,679 in October 2023.

Ashok Leyland Domestic sales

Domestic Commercial Vehicle Sales dropped by 12%

In the domestic market, Ashok Leyland witnessed a 12% decrease in sales, with 12,838 commercial vehicles sold in October 2024, compared to 14,620 units in the same month last year.

Segment-wise Domestic Sales Performance (October 2024)

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

M&HCV Truck Segment: The Medium and Heavy Commercial Vehicle (M&HCV) truck category reported a decline of 13% in sales, with 7,208 units sold in October 2024 compared to 8,272 units in October 2023.

LCV Category: The Light Commercial Vehicle (LCV) category saw an 11% decline, with 5,630 units sold in October 2024 compared to 6,348 units sold in the same month last year.

Ashok Leyland Export sales

Export sales increased by 1%

On a positive note, the company experienced a 1% growth in export sales, with 519 units shipped in October 2024, up from 513 units in October 2023.

Segment-wise Export Sales Performance (October 2024)

Growth in M&HCV Category: Export sales in the M&HCV category experienced a growth of 36%, with 247 units sold in October 2024, compared to 182 units in October 2023.

Decline in LCV Category: Ashok Leyland witnessed a decline in sales of 18% in the LCV category, with 272 units sold in October 2024, down from 331 units in October 2023.

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

CMV360 Says

Even though Ashok Leyland's sales are down in the domestic market, it's good to see they are selling more vehicles abroad. A 1% growth in exports, especially with a strong increase in M&HCV sales, is a positive sign. This shows that while they face challenges in the local market, there's still demand in other countries.