Ashok Leyland Ltd

Ashok Leyland announced that the Board of Directors of Optare PLC had allotted 649,63,55,352 ordinary shares of '0.001 each at an issue price of '0.006927 each (i.e. at a premium of 0.005927 per share) to the company at their meeting held on 01 April 2025. Post allotment the shareholding of the company in Optare PLC has increased by 0.41%i.e. from 92.59% to 93%. Powered by Capital Market - Live

The company's total domestic sales jumped 6.24% YoY to 22,510 units in the month of March. Domestic sales of medium and heavy commercial vehicles (M&HCV) advanced 11.78% to 16,082 units, while sales of light commercial vehicles (LCV) fell by 5.47% to 6,428 units in March 2025 compared to March 2024. Ashok Leyland is engaged in the manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings, and castings. The company's consolidated net profit surged 36% to Rs 761.92 crore in Q3 FY25 as against Rs 560.21 crore posted in Q3 FY24. Revenue from operations rose 8.2% to Rs 11,946.15 crore in the quarter ended 31 December 2024.Powered by Capital Market - Live

 Ashok Leyland announced that its Defence business has won multiple orders valued more than Rs. 700 crore. The vehicles to be supplied under these orders are to fulfil Defence sector needs of troop transportation, logistics, and other specialised mobility requirements under the Close-in Weapon Systems (CIWS) program. With these new orders, Ashok Leyland further solidifies its position as a leader in advanced land mobility solutions for the Armed and Paramilitary Forces. The recently awarded contracts encompass a diverse range of specialized vehicles, including the Stallion 4x4, Stallion 6x6, Short Chassis Bus, and Mobility System Travelling Platform. These vehicles combine superior reliability with exceptional off-road capability, ensuring seamless manoeuvrability across country's most demanding terrains, meeting a variety of operational requirements. Powered by Capital Market - Live

'With these new orders, Ashok Leyland further strengthens its position as a leader in advanced land mobility solutions for the Armed and Paramilitary Forces. The recently awarded contracts include a diverse range of specialized vehicles, such as the Stallion 4x4, Stallion 6x6, Short Chassis Bus, and Mobility System Travelling Platform,' it added. Deliveries are set to begin in the next financial year, reinforcing Ashok Leyland's ongoing commitment to the Indian Armed Forces. Shenu Agarwal, MD & CEO, Ashok Leyland, said, 'For decades, Ashok Leyland has been a trusted partner in defence mobility. We are immensely proud to have secured these new orders, which reinforce Ashok Leyland's leadership in the sector and reaffirm our commitment to deliver cutting-edge solutions for the armed forces. The defence business remains a key pillar of Ashok Leyland's future growth.' Amandeep Singh, President ' Defence Business, Ashok Leyland, said, 'As a proud proponent of 'Atmanirbhar Bharat,' we are committed to strengthening India's defence capabilities through indigenous design and manufacturing in the defence mobility sector. Our vehicle platforms, ranging from 4x4 to 12x12 and packed with contemporary defence specific requirements, including armoring, known for their versatility and durability, remain the backbone of logistics and specialist needs of the armed forces.' Ashok Leyland is engaged in the manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings, and castings. The company's consolidated net profit surged 36% to Rs 761.92 crore in Q3 FY25 as against Rs 560.21 crore posted in Q3 FY24. Revenue from operations rose 8.2% to Rs 11,946.15 crore in the quarter ended 31 December 2024. Shares of Ashok Leyland shed 0.58% to Rs 207.45 on the BSE.Powered by Capital Market - Live

The Hinduja Group has pledged around 30 crore shares of Ashok Leyland, the group's flaship company in India. The pledge was created through Hinduja Automotive, a UK-based holding company and a key part of the Hinduja Group, which serves as the primary vehicle through which the Hinduja family holds its stake in Ashok Leyland. As of 31 December 2024, promoters held 51.10% stake in Ashok Leyland. Hinduja Automotive held 34.72%. As of 31 December 2024, the promoter had pledged 15.38% of its stake. On 26 March 2025, the company created an additional pledge of 10.21%, taking the total pledge to 25.59%. Ashok Leyland is engaged in the manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings, and castings. The company's consolidated net profit surged 36% to Rs 761.92 crore while revenue from operations rose 8.2% to Rs 11,946.15 crore in Q3 December 2024 over Q3 December 2023. Powered by Capital Market - Live

Ashok Leyland has been allotted 1 crore equity shares of Rs 10 each at an issue price of Rs 200 each (including premium of Rs 190 per share) by Hinduja Leyland Finance, a material subsidiary of Ashok Leyland. Post allotment the shareholding of the Company in HLFL has increased by 0.73% i.e. from 60.39% to 61.12%. Powered by Capital Market - Live

In wake of continuing general economic uncertainty faced in both the UK and Europe, and slower than expected transition to EVs in public transport, the Board of Directors of Switch Mobility UK (Switch UK) today approved commencement of consultation process with the employees which could potentially lead to cessation of its manufacturing and assembly activities at the Sherburn facility. Switch UK will execute and complete all the orders on hand and will continue to provide aftermarket support for the existing vehicle parc. The plan is to cater to the UK and Europe markets when market recovers, from Ashok Leyland's alternate manufacturing sites in India and UAE. At the same time, the Switch Mobility Automotive, India (Switch India) is planning to double-down on the high-growth India EV market, which is poised to grow multi-fold in the next few years. Shenu Agarwal, MD & CEO, Ashok Leyland, said, 'While Ashok Leyland remained committed to the UK market over the last 15 years, adoption of zero emission passenger vehicles has been tepid. This seems to be the right time to cut down losses in the UK market. On the other hand, the EV bus market in India is doing exceptionally well. Switch India is likely to achieve EBITDA breakeven in FY25, and is hoping to treble volumes in FY26, on back of 1800+ e-Bus orders in hand. In e-LCVs, within the 2-3.5T segment, the Company's market share is at 80% plus, with prospects of 50-80% volume growth in FY26'. K M Balaji, Chief Financial Officer, Ashok Leyland, said, 'The potential cessation of manufacturing activities is expected to mitigate the losses of UK operations. The current cash flow requirements of Switch UK will be borne out of GBP 45mn of equity infusion already approved by the Board of Ashok Leyland in February this year. Switch India is doing much better than expected and should not require significant equity infusion in near future. On an overall basis the value accretion from Switch EV business is expected to be much more than the investments made in these entities'. Powered by Capital Market - Live

However, the company's total domestic sales declined by 4% YoY to 15,879 units in the month of February. Domestic sales of medium and heavy commercial vehicles (M&HCV) fell by 7% to 10,110 units, while sales of light commercial vehicles (LCV) rose by 1% to 5,769 units in February 2025 compared to February 2024. Ashok Leyland is engaged in the manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings, and castings. The company's consolidated net profit surged 36% to Rs 761.92 crore in Q3 FY25 as against Rs 560.21 crore posted in Q3 FY24. Revenue from operations rose 8.2% to Rs 11,946.15 crore in the quarter ended 31 December 2024. Powered by Capital Market - Live

Ashok Leyland reported total sales of 17,903 units in month of February 2025 compared to 17,632 units in February 2024, registering a growth of 2%. Total sales include domestic sales of 15,879 units (down 4% YoY). The company's medium and heavy commercial vehicles sold 11,486 units (flat growth YoY) while light commercial vehicles sold 6,417 units (up 5% YoY). Powered by Capital Market - Live

Ashok Leyland has bagged an order worth Rs 297.85 crore for supplying 320 BS VI Diesel Fuel Type 12M Low Floor Fully Built Buses to Tamil Nadu State Transport Corporation. Powered by Capital Market - Live