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Ashok Leyland’s strong domestic and export sales drive 145% revenue growth in Q1

CV major reports net profit of Rs 68 crore for Q1 FY2023 versus net loss of Rs 282 crore a year ago.

By Ajit Dalvi

29 Jul 2022

3786 Views

Ashok Leyland is seeing sustained demand for sustained demand for the AVTR range, which is built on a modular truck platform.

The Bada Dost LCV has received a good market and customer response and production is being ramped up in line with market demand.

With schools and offices opening across India, demand is returning for buses.

Growing demand for medium and heavy commercial vehicles (M&HCVs) as well as light commercial vehicles (LCVs) have powered Chennai-based Ashok Leyland’s robust performance in the first three months of the ongoing fiscal year. Importantly, the growth has come across both domestic and export markets.

The CV major has reported a 145% increase in YoY quarter revenues in Q1 FY2023 to Rs 7,223 crore (Q1 FY2022: Rs 2,951 crore) which comes on the back of domestic market wholesales of 37,124 units, a year-on-year increase of 124% (Q1 FY2022: 16,550 units) and overseas shipments of 2,527 units, up 76% (Q1 FY2022 ...

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