Ashok Leyland’s total vehicle sales, including exports, rose 29% in November 2025, with domestic sales up 32% YoY. Strong growth was seen in M&HCV trucks, buses, and LCVs. The surge reflects a robust commercial vehicle upcycle, positioning the company for continued momentum in India’s expanding transport and logistics sector.
Ashok Leyland, the flagship company of the Hinduja Group, reported a robust performance in November 2025, with total vehicle sales including exports rising significantly year-on-year. The commercial vehicle giant showcased strong momentum across both domestic and international markets, reflecting sustained demand in the medium & heavy commercial vehicle (M&HCV) and light commercial vehicle (LCV) segments.
Key highlights of the announcement:
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Domestic sales climbed 32% YoY to 16,491 units, compared to 12,473 units in November 2024.
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M&HCV truck sales rose 30% YoY to 8,576 units, while M&HCV bus sales increased 27% YoY to 1,662 units.
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LCV sales surged 37% YoY, underscoring strong traction in last-mile connectivity and logistics demand.
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Including exports, total vehicle sales grew 29% YoY, highlighting Ashok Leyland’s expanding global footprint.
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Analysts note this growth as part of a broader commercial vehicle upcycle, with expectations of continued momentum into FY2026.
This performance reinforces Ashok Leyland’s position as a key player in India’s CV industry, benefiting from infrastructure expansion, rising freight demand, and government-led economic activity.
Sources: Business Upturn, InvestyWise, NDTV Profit