Asset Publisher

31st July, 2019

Ashok Leyland Q1 FY ’20 Revenues at Rs. 5684 Cr; EBITDA at 9.4% Gains Market Share in M&HCV & LCV

Ashok Leyland Limited, flagship of the Hinduja Group, reported a revenue of Rs. 5,684 Cr which was 9% lower than the same period last year (Rs. 6263 Cr).

Chennai, July 31, 2019: Ashok Leyland Limited, flagship of the Hinduja Group, reported a revenue of Rs. 5,684 Cr which was 9% lower than the same period last year (Rs. 6263 Cr). The Total Industry Volume had come down by 17%. PBT for the quarter was at Rs. 361 Cr (Rs. 536 Cr) and PAT was at Rs. 230 Cr (Rs. 422 Cr). EBITDA for the quarter was at 9.4%. The Company’s market share in the MHCV segment for the quarter grew by 4% to 34.1%.


Mr. Dheeraj G Hinduja, Chairman, Ashok Leyland Limited said, “While the industry has witnessed a decline in volume of 17%, Ashok Leyland’s market share has grown by 4%. Our EBITDA at 9.4% despite decline in revenues signifies efficient cost management in the Company. We are well on course to introduce BS VI vehicles and will be seeding vehicles shortly. Despite a drop in TIV by 5%, our LCV business continues to do very well and posted a growth of 12%.


Mr. Gopal Mahadevan, Whole Time Director & Chief Financial Officer, Ashok Leyland Limited said, “With signs of slower demand, we are closely watching the developments in the industry. We continue to take cost out and drive productivity and growth initiatives.”


The Company has published the Consolidated Quarterly results for the first time in this quarter.


The company launched a slew of products in this quarter; Boss 1916, 4623 Tractor, 4223 MAV, High Horse Power Tractor 5532 and the 24 & 32 meter fully built containers in premium and economy segment were the star introductions. Under the Customer Solutions Business, the Company also launched “Sadak ka Saathi” a breakdown assistance program with Hindustan Petroleum Corporation Ltd. This introduction makes Ashok Leyland, one of the largest roadside assistance providers in the country for Commercial Vehicles.


In July ’19, the Company has launched “Oyster”, the next generation AC midi-bus in the premium category. These multi-purpose premium airconditioned bus range has been designed and manufactured in-house for staff and tourist commuting.


For further information/media queries, contact:

Rajesh Mani, Head - Marketing and Corporate Communications | +91 9500022922


Meenakshi Anand, Divisional Manager - Corporate Communication|+91 9444276464


Adfactors PR | | Mobile: +91 9960255829

Media queries can be addressed to

More news from Ashok Leyland

View all Ashok Leyland press releases

Asset Publisher

24th January, 2018

VRL Logistics places an order for 1200 Ashok Leyland trucks

Ashok Leyland, flagship of the Hinduja Group, today received an order for over R.. READ MORE

23rd March, 2018

Statement from Ashok Leyland on Price Increase

Increasing prices of its entire M&HCV Bus Range.. READ MORE

30th August, 2017

SIAM gears up for its 57th Annual Convention

Society of Indian Automobile manufactures (SIAM) is all set to organise the 57th.. READ MORE