Chennai-based commercial vehicle major Ashok Leyland has announced a robust financial performance for Q4 and FY2025. The company reported achieving its highest-ever quarterly and annual revenues, EBITDA and profit after tax (PAT). 

For Q4 FY2025, the EBITDA of 15 percent at INR 17 billion, as against 14.1 percent at INR 15 billion last year. The PAT came at INR 12 billion, up 38.4 percent as against INR 9 billion last year. The company generated INR 32 billion in cash during the quarter.

In FY2025, the revenue came at INR 387 billion, a flat growth as compared to INR 383 billion last year, while EBITDA was 12.7 percent at INR 49 billion, as against 12 percent at INR 46 billion last year. On the other hand, the company PAT came at INR 33 billion, up 26 percent YoY, as against INR 26 billion reported last year.

The company ended FY2025 with net cash of INR 42 billion in hand, as against net debt of INR 890 million last year.

Ashok Leyland reported sales of 195,093 units for FY2025, which was very close to the record high of 197,366 units, with M&HCV buses witnessing its best year with sales of 21,249 units. Export volumes were also amongst its best performance in the recent past at 15,255 units, up 29 percent as compared to 11,853 units last year.

Dheeraj Hinduja, Chairman, Ashok Leyland, said, “Achieving these record-breaking numbers is a matter of immense pride for us. It reflects the resilience of our business and the trust our customers place in us. Given Company’s strong financial performance in the last three years, the Board of Directors has approved a 1:1 bonus share issue. This is on the back of two interim dividends announced for FY25 amounting to 625 percent, or INR 6.25 per share. With our unwavering focus on innovation and customer satisfaction, and thrust in international operations, we are well-positioned for sustained and profitable growth.”  

Shenu Agarwal, Managing Director & CEO, Ashok Leyland, said “FY2025 has been another landmark year for us. We’ve set new records in revenue, EBITDA, and profitability. Our margin expansion and robust cash generation reflect the strength of our operations. It also gives us immense satisfaction to achieve our medium-term goal of mid-teen EBITDA in Q4. The company is in a very strong cash position, ending the year with a cash surplus of INR 42.42 billion. This gives us more fuel to further augment our strengths in products and technology, and to offer best-in-class customer experience. We are continuing on our premiumization journey with high focus on delivering exceptional value to our customers. We are now more confident than ever in our ability to gain market share and further improve our price realisation.”

Going forward, the company shared that in addition to electric vehicles led by Switch Mobility, it is also working on alternative fuel strategy including LNG and hydrogen.

Comments (0)

ADD COMMENT

Link Copied!

Swedish commercial major Volvo Trucks recently won the 2025 Green Truck Award for its Volvo FH Aero model. The win demonstrates the impact of the company's technologies and innovations on fuel efficiency, with the Aero cab and aerodynamic improvements contributing to fuel consumption and CO2 emission reductions.

The company's push for fuel savings includes a new in-house developed stop/start engine feature, which builds on the existing I-See and I-Roll technologies.

The feature works by constantly monitoring road data and road curvature. The engine is temporarily turned off when an oncoming downward slope is identified along the route. When the engine is off, zero fuel is consumed, resulting in no CO2 tailpipe emissions.

The functionality is activated at speeds above 60 kmph. Depending on conditions like topography and ambient temperature, the new I-Roll with Engine stop/start will cut up to 1 percent of fuel and CO2 emissions on top of already achieved savings.

The new feature will be offered on the Volvo FH and FH Aero with the 13-litre diesel engine. Customers can order it from November 2025.

Jan Hjelmgren, Head of Product Management, Volvo Trucks, said, “Our engineers have done it again – innovating a new engine technology that contributes to making transport by truck more fuel-efficient. As part of our decarbonisation strategy, we will continue to innovate to make our combustion engines even better and to reduce our impact on the environment.”

Volvo Trucks’ overall decarbonisation strategy includes combustion engines powered by renewable fuels, battery-electric and fuel-cell electric trucks.

Comments (0)

ADD COMMENT

Link Copied!

Daimler India Commercial Vehicles (DICV) has announced that Satyakam Arya, its Managing Director and CEO, has been designated as President and Chief Executive Officer of Hino Motors. The appointment is planned to come into effect from 1 April 2026.

In the new strategic position, Arya will move to Tokyo, Japan to manage Hino Motors’ global operations and transformation. This move marks a significant leadership decision for the planned integration of Daimler Truck and Toyota Motor Corporation’s commercial vehicle subsidiaries, Mitsubishi Fuso and Hino Motors.

Achim Puchert, Member of the Board of Management of Daimler Truck Holding, responsible for Mercedes-Benz Trucks and BharatBenz, said, "Satyakam has been an outstanding leader during his time with us, demonstrating exceptional expertise in commercial vehicle operations and a deep commitment to customer success. His strategic acumen and proven ability to drive transformation position him perfectly for this new leadership role. We wish him all the best in his new role and in the years ahead."

Under Arya’s leadership, DICV is said to have achieved record profitability growth across its truck and bus portfolio while doubling its customer base. The company’s dealership network expanded from 182 to over 385 locations nationwide.

On sustainability, DICV became India's first commercial vehicle manufacturer to switch to 100 percent renewable energy. The company also secured the country's first IGBC Green Factory Building V2 certification. DICV led industry innovation by introducing EU safety standard ECE R29-03 cabin compliance, launching products like TorqShift (AMT) tippers and the HX Series, and navigating a seamless BS VI OBD2 transition.

"India's commercial vehicle industry is entering a transformative decade. With infrastructure investments accelerating and the push toward sustainable mobility gaining momentum, the fundamentals for growth have never been stronger. DICV has built a solid foundation, exceptional leadership, and the momentum to capitalise on these opportunities. I'm confident the team will continue to reach new heights," said Arya.

"Leading Hino Motors is both an honour and an opportunity. I'm excited to contribute to this integration while building on Hino's rich 80-year heritage and creating value for customers across global markets," he added.

Succession planning for Daimler India Commercial Vehicles operations is currently underway, with details to follow in the coming weeks. The appointment reflects the importance of the planned Mitsubishi Fuso – Hino Motors integration. Arya will return to Japan, where he previously spent four years with Daimler Truck Asia, bringing transformation expertise to his new leadership role.

Comments (0)

ADD COMMENT

Link Copied!

Ashok Leyland, one of India’s leading commercial vehicle manufacturers, has signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB) to provide competitive dealer finance options for its dealers of Medium and Heavy Commercial Vehicles (M&HCVs).

As per the understanding, Punjab National Bank will offer customised financial products to Ashok Leyland dealers to support their working capital and inventory funding needs. The initiative aims to strengthen dealerships by providing easy and flexible access to credit.

The MoU was signed by K M Balaji, Chief Financial Officer, Ashok Leyland and Amitabh Rai, General Manager, Punjab National Bank, in the presence of senior officials from both organisations.

Balaji said, “Ashok Leyland is pleased to partner with Punjab National Bank to offer enhanced financial support to our dealer partners. This collaboration will provide comprehensive financing solutions with flexible and convenient options, helping our dealers manage their business more efficiently. Leveraging PNB’s strong network across the country and competitive pricing, this initiative will further strengthen our reach and enable sustained growth for our dealer ecosystem.”

Madhavi Deshmukh, National Sales Head, Ashok Leyland, said, “This partnership with PNB will make financing more convenient for our dealers, ensuring smooth business operations and better customer service. We look forward to working closely with the bank to create value for our dealer partners.”

Rai added, “We are extremely happy to partner with Ashok Leyland. Through our varied financial solutions, our goal is to offer convenient and complete financing choices to the dealers. We believe that this partnership will meet the business needs of both organizations and create a strong positive impact.”

Comments (0)

ADD COMMENT

Link Copied!

Chennai-based commercial vehicle major Ashok Leyland has released its wholesales of 17,820 units for October 2025, reporting a 16 percent rise in total wholesales compared to 15,310 units for the same month last year.

Total domestic sales grew by 16 percent, reaching 16,314 units for the month, compared to 14,067 units in October 2024. This includes Medium and Heavy Commercial Vehicles sales clocking 14 percent growth to 9,611 units. Light Commercial Vehicles (LCV) sales increased by 19 percent YoY, from 5,630 units to 6,703 units.

With this, cumulative wholesales for YTD FY2026 has grown by 6 percent reaching 111,174 units compared to 104,827 units last year.

Comments (0)

ADD COMMENT

Link Copied!