Ashok Leyland is the flagship Company of the Hinduja group, having a long-standing presence in the domestic medium and heavy commercial vehicle (M&HCV) segment. The company has a strong brand and well-diversified distribution and service network across the country and has a presence in 50 countries, it is one of the most fully-integrated manufacturing companies. Its headquarter is in Chennai and they manage driver training institutes across India and have trained over 8,00,000 drivers since inception.
Ashok Leyland Limited is an India-based company that is engaged in automobile manufacturing. The main activities of the Company relate to manufacturing, sales, vehicle and housing finance, IT services and services related to a wide range of commercial vehicles. The Company is also engaged in manufacturing engines for industrial and marine applications, forgings and castings.
The company is India's 2nd largest manufacturer of commercial vehicles, the 4th largest manufacturer of buses globally, and the 9th largest manufacturer of trucks. It had a market share of 31% in the M&HCV bus and truck segment and 20% in the LCV segment as of FY24. Ashok Leyland, flagship of the Hinduja group, is the 2nd largest manufacturer of commercial vehicles in India, the 4th largest manufacturer of buses in the world, and the 19th largest manufacturers of trucks.
The company has demonstrated strong market presence across multiple segments. In the M and HCV Bus segment, Ashok Leyland emerged as market leader with a market share gain of 5.8% points. Ashok Leyland now is the #2 brand in this segment in the country.
Ashok Leyland Ltd's net profit jumped 32.42% since last year same period to ₹1,130.09Cr in the Q4 2024-2025. Ashok Leyland Ltd's revenue jumped 8.88% since last year same period to ₹14,828.72Cr in the Q4 2024-2025. On a quarterly growth basis, Ashok Leyland Ltd has generated 22.85% jump in its revenue since last 3-months.
The company achieved significant margin expansion in FY25. The company reported an EBITDA of 15% for Q4 FY25 (Rs. 1791 Cr) compared to 14.1% (Rs. 1,592 Cr) for the same period last year. Ashok Leyland Ltd's net profit margin jumped 21.62% since last year same period to 7.62% in the Q4 2024-2025. On a quarterly growth basis, Ashok Leyland Ltd has generated 20.73% jumped in its net profit margins since last 3-months.
- **Q4 FY25 Revenue**: ₹14,828.72 Cr
- **Q4 FY25 Net Profit**: ₹1,130.09 Cr
- **Q4 FY25 EBITDA**: 15% (₹1,791 Cr)
- **Q4 FY25 Net Profit Margin**: 7.62%
- **Market Capitalization**: ₹73,809 crore (as of July 2025)
Ashok Leyland Ltd. is presently engaged in manufacture and sale of commercial vehicles. The Company manufacture engines for industrial and marine applications forgings and casting. Its products include buses trucks engines defense and special vehicles.
The company operates across multiple business verticals including commercial vehicles, defense systems, power solutions, and aftermarket services. The Power Solutions and Defence Businesses also posted impressive growth. Ashok Leyland Defence Business Secures Multiple Orders Worth ₹700 Crore Deliveries Set to Commence Next Financial Year, Reinforcing Commitment to Indian Armed Forces
Ashok Leyland's subsidiary, OHM Global Mobility, will roll out the first batch of e-buses for MTC on June 30, with competitive pricing per kilometer for AC and non-AC buses. Ganesh Mani, COO of Ashok Leyland, to assume additional responsibilities as CEO of Switch Automotive Mobility effective September 1, 2025, following S Mahesh Babu's resignation.
Ashok Leyland aims to increase its market share in North India to 30% over the next 2-3 years by adding over 50 new dealerships and service points. The company has gained 6.5% market share in the region recently, driven by economic growth and infrastructure development.
During the year, the Company opened 246 new outlets across the country. Ashok Leyland has secured a significant order to supply 200 trucks to Instant Transport Solution Pvt Ltd, with the first batch of 100 trucks already delivered. This deal highlights Ashok Leyland's strong position in the commercial vehicle sector and reinforces its partnership with Instant Transport.
Ashok Leyland's key subsidiaries Switch Mobility, Ohm Mobility, Hinduja Leyland Finance and Hinduja Tech are progressing well and continue to add immense value to Ashok Leyland's future. Ashok Leyland has signed a Memorandum of Understanding with ESAF Small Finance Bank to provide financing solutions to its customers, enhancing accessibility.
Shenu Agarwal, Managing Director and CEO, Ashok Leyland Limited said "FY25 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."
The management remains optimistic about future growth prospects. We continue to be optimistic about our industry prospects in the short to medium terms backed by anticipated robust growth in the Indian economy. This gives us even more strength to move towards our medium-term goal of mid-teen EBITDA. Our product portfolio is very robust, and our future pipeline is strong.
Ashok Leyland continues to strengthen its position as India's leading commercial vehicle manufacturer through strategic investments, market expansion, and technological innovation, particularly in the electric vehicle segment, while maintaining its strong fundamentals and delivering consistent financial performance.
