By Priya Singh
4001 Views
Updated On: 01-Jul-2024 01:15 PM
Ashok Leyland's Domestic sales dropped by 3.39%, while exports increased by 6.37% despite a decline in M&HCV trucks.
Key Highlights:
Ashok Leyland, India's leading commercial vehicle manufacturer, reported a decline of 3.19% in overall sales for June 2024, encompassing domestic and export markets. The company sold 12,910 units in June 2024 compared to 13,336 units in June 2023.
Segment-wise Gross CV Sales for June 2024
Performance: The company recorded a 3.19% decrease in Gross Commercial Vehicle Sales, including a 7% decline in the M&HCV category and a 3% growth in LCV.
Category-wise Breakdown: The M&HCV truck category sold 7,489 CVs, down from 8,077 in June 2023. For the LCV category, 5,421 CVs were sold in June 2024, compared to 5,259 in June 2023.
Ashok Leyland Domestic sales June 2024
Category | June 2024 | June 2023 | YOY Growth % |
M&HCV | 7,417 | 7,980 | -7% |
LCV | 5,209 | 5,089 | 2% |
Total sales | 12,626 | 13,069 | -3.39% |
Domestic Commercial Vehicle Sales dropped by 3.39%
In the domestic market, Ashok Leyland witnessed a 3.39% decrease in sales, with 12,626 commercial vehicles sold in June 2024, compared to 13,069 units in the same month last year.
Segment-wise Domestic Sales Performance (June 2024)
Ashok Leyland's domestic sales figures for June 2024 show a mixed performance compared to June 2023:
M&HCV Truck Segment: The Medium and Heavy Commercial Vehicle (M&HCV) truck category reported a decline of 7% in sales, with 7,417 units sold in June 2024 compared to 7,980 units in June 2023.
LCV Category: The Light Commercial Vehicle (LCV) category saw a 2% growth, with 5,209 units sold in June 2024 compared to 5,089 units sold in the same month last year.
Ashok Leyland Export sales
Category | June 2024 | June 2023 | Growth % |
M&HCV | 72 | 97 | -25.77% |
LCV | 212 | 170 | 24.71% |
Total sales | 284 | 267 | 6.37% |
Export sales increased by 6.37%
On a positive note, the company experienced a remarkable 6.37% growth in export sales, with 284 units shipped in June 2024, up from 267 units in June 2023.
Segment-wise Export Sales Performance (June 2024)
Decline in M&HCV Category: Export sales in the M&HCV category experienced a decline of 25.77%, with 72 units sold in June 2024, compared to 97 units in June 2023.
Growth in LCV Category: Ashok Leyland witnessed a sales growth of 24.71% in the LCV category, with 212 units sold in June 2024, up from 170 units in June 2023.
Also Read: Ashok Leyland Sales Report May 2024: Records 4.49% growth in Domestic Sales, Sells 11,949 Units
CMV360 Says
Ashok Leyland's sales report for June 2024 shows mixed results. While overall sales fell slightly due to a drop in domestic heavy vehicle sales, the light commercial vehicle (LCV) segment performed well, especially in exports.
This depicts that while the domestic market for heavy vehicles is challenging, there's strong international demand for lighter vehicles. Ashok Leyland might benefit from focusing more on the growing LCV market and expanding their exports.