M&HCV segment sees sharp drop, while LCV remains relatively stable
02 May 2025 | 3878 Views | By Shruti Shiraguppi
Ashok Leyland, a key player in India’s commercial vehicle sector, reported a 33% decline in total vehicle sales in April 2025 compared to March, with 13,421 units sold versus 20,041 units in the previous month.
The Medium and Heavy Commercial Vehicle (M&HCV) segment saw the sharpest drop, with ...
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Ashok Leyland, a key player in India’s commercial vehicle sector, reported a 33% decline in total vehicle sales in April 2025 compared to March, with 13,421 units sold versus 20,041 units in the previous month.
The Medium and Heavy Commercial Vehicle (M&HCV) segment saw the sharpest drop, with sales falling 38% month-on-month to 7,960 units from 12,882 units in March. M&HCV truck sales decreased 35%, while bus sales registered a significant 47% decline. This contrasts with March 2025, when Ashok Leyland recorded a 25% year-on-year growth in M&HCV bus sales, driven by institutional purchases and rising public transport demand.
Despite the decline in heavy vehicle sales, the Light Commercial Vehicle (LCV) segment remained relatively stable, with sales dropping 21% to 5,103 units in April from 6,428 units in March.
Domestic sales fell 35% month-on-month to 12,509 units, with M&HCV sales dropping 42%, truck sales down 37%, and bus sales plunging 53%. The export market also saw fluctuations, with total shipments decreasing 23% month-on-month to 731 units, driven by a 69% drop in M&HCV exports, while LCV exports grew 18%.
The decline comes after a strong performance in March 2025, when Ashok Leyland reported a 6% year-on-year increase in total sales, driven largely by higher demand in the bus and LCV segments. Industry experts suggest that fluctuating demand patterns may be linked to fleet replacement cycles, economic trends, and regulatory shifts.
Ashok Leyland continues to maintain its position in the Indian commercial vehicle market despite the downturn, with expectations that upcoming infrastructure projects and a growing shift toward cleaner technologies may drive future recovery.