Ashok Leyland's Overseas Triumph: A Record-Breaking Quarter for Commercial Vehicles

Ashok Leyland Ltd reported a 34.63% increase in consolidated net profit for Q3 FY25, driven by strong international sales. The company achieved its highest-ever Q3 revenue and profit, backed by new product launches. Ashok Leyland remains optimistic about future growth, with expansion plans in ASEAN and green mobility.

Ashok Leyland Ltd, the commercial vehicle manufacturer, reported a surge in its consolidated net profit by 34.63% to Rs 819.67 crore for the third quarter ending December 31, 2024, propelled largely by robust sales in international markets.

The company noted an all-time high in Q3 revenue and profits, driven by strong exports and positive momentum in commercial vehicle demand. While domestic MHCV volume showed a slight dip, international sales grew significantly by 33%.

Looking ahead, Ashok Leyland remains optimistic about further growth, spurred by ongoing investments in electric and alternative fuel vehicles, and expanding market penetration in ASEAN regions.

(With inputs from agencies.)