Ashok Leyland's posts 34 percent increase in sales in October 2022

The Hinduja group flagship company sold 14,863 units in October 2022 versus 11,079 units it sold in October 2021.

Autocar Professional BureauBy Autocar Professional Bureau calendar 01 Nov 2022 Views icon4012 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Ashok Leyland's posts 34 percent increase in sales in October 2022

Driven by growing infrastructure spends and public transportation needs, Ashok Leyland has posted a 34 percent growth in the dispatches of its trucks and buses for the month of October.

The Hinduja group flagship company sold 14,863 units in October 2022 versus 11,079 units it sold in October 2021. 

For the seven months of (April- October) FY22, the company's cumulative sales grew by 76 percent to 99,809 units as compared to 56,609 units in the corresponding period of the previous year.

The truck maker has seen the largest jump of 206 percent in the M&HCV bus segment on the back of various orders from state transport undertakings and the demand emanating from the opening of schools and colleges leading to greater demand for its buses. 

The company sold 1,544 units of medium and heavy-duty buses in October 22, whereas the truck sales stood at 7,510 units last month, posting a growth of 35 percent.

Brokerage firms and analysts tracking the company say Ashok Leyland is on a strong footing with efforts made to improve its cost structure and creating new profit/revenue pools with reasonable debt.

 

RELATED ARTICLES
Continental exits TBR market in India, shifts focus to car and SUV radials

auther Autocar Professional Bureau calendar13 Jun 2025

German tyre manufacturer aims to tap the double-digit market growth opportunity for big SUV and luxury car tyres which w...

New ZF SELECT e-drive platform gives EV makers a choice in 100 to 300 kW range

auther Autocar Professional Bureau calendar04 Jun 2025

Modular e-drive platform optimally matches 800-volt overall system and components such as the electric motor and power e...

Daimler India CV and BharatBenz deliver 200,000th truck

auther Autocar Professional Bureau calendar27 May 2025

Daimler India Commercial Vehicles' portfolio includes truck models ranging from 10 to 55 tonnes for a wide variety of ap...