Indian truckmaker Ashok Leyland's profit edges higher on sales growth, price hikes

Ashok Leyland

14/08/2026 09:06

Aug 14 (Reuters) - India's Ashok Leyland ASOK.NS reported a 2.3% rise in first-quarter profit on Friday, as robust demand for commercial vehicles and price hikes helped the company offset higher input costs.


        Here are some details:
Ashok Leyland, best known for its trucks and buses, also sells light commercial vehicles and defense vehicles. It also offers power solutions vehicle financing. 
The company ranks among India's top players in commercial transportation, and also sells in international markets.
The Hinduja Group company and its peers have raised to tackles the impact of higher raw material, manufacturing, and freight costs. 
Ashok Leyland's profit rose to 6.09 billion rupees ($63.8 million) in the quarter ended June 30, from 5.94 billion rupees a year earlier.    
Revenue from operations rose 10.4% to 96.34 billion rupees. 
Input costs rose 8.3%, driving up expenses by 11.4%. 
Retail sales of commercial vehicles for the industry rose 13.6% year-on-year to 280,495 units for the June quarter, according to the Federation of Automobile Dealers Association. 
Ashok Leyland's market share stood at 17.75% at the end of July, down 120 basis points from a year earlier, according to FADA data, while Tata Motors TATM.NS retained its lead in the commercial vehicle market with a 34.85% share.
Tata Motors reported higher quarterly profit on Wednesday and forecast sustained demand ahead, while planning price increases and cost-cutting measures. 
Separately, Ashok Leyland approved an investment worth £25 million  ($33.78 million) in British bus maker Optare Plc.


($1 = 95.4200 Indian rupees)


($1 = 0.7401 pounds)

 (Reporting by Abhinav Parmar and Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala)
 ((Abhinav.Parmar@thomsonreuters.com;))