Ashok Leyland December Sales Jump 27 Percent as M&HCV and Bus Demand Accelerates

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Chennai, January 1, 2026: Ashok Leyland Ltd (NSE: ASHOKLEY | BSE: 500477) reported a strong rebound in vehicle sales for December 2025, driven by sharp growth across medium and heavy commercial vehicles and sustained momentum in the bus segment, reflecting improving demand conditions toward the end of the calendar year.

December 2025 Sales Performance (Domestic)​

Ashok Leyland’s domestic volumes rose sharply on a year-on-year basis, with total vehicle sales climbing 26 percent during the month.
CategoryDecember 2025December 2024YoY Change
M&HCV Trucks11,3878,979+27%
M&HCV Buses2,1661,509+44%
Total M&HCV13,55310,488+29%
LCV6,3025,225+21%
Total Vehicles19,85515,713+26%
The bus segment remained a standout performer, supported by higher institutional and replacement demand, while truck volumes benefited from improved freight activity and infrastructure-led movement.

Cumulative Domestic Sales Show Steady Expansion​

For the cumulative period, domestic vehicle sales rose 10 percent year-on-year, underscoring consistent recovery across segments.
CategoryCumulative FY to Dec 2025Cumulative FY to Dec 2024YoY Change
M&HCV Trucks69,67664,451+8%
M&HCV Buses16,02214,286+12%
Total M&HCV85,69878,737+9%
LCV52,52147,389+11%
Total Vehicles1,38,2191,26,126+10%

Domestic and Export Sales Maintain Momentum​

Including exports, Ashok Leyland recorded a 27 percent rise in total vehicle volumes for December, reflecting strength in overseas markets alongside domestic recovery.
CategoryDecember 2025December 2024YoY Change
Total M&HCV14,83011,474+29%
LCV6,7035,483+22%
Total Vehicles21,53316,957+27%
Cumulative sales including exports increased 11 percent year-on-year, with buses showing particularly strong traction.

About the Company​

Ashok Leyland Ltd, part of the Hinduja Group, is one of India’s leading commercial vehicle manufacturers with a strong presence in trucks, buses, and defence mobility solutions. The company is listed on both the National Stock Exchange and the BSE and serves domestic as well as international markets through a diversified product portfolio.
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