Ashok Leyland Reports Record Net Profit Of INR 33 Billion For FY2024-25
- By MT Bureau
- May 23, 2025
Chennai-based commercial vehicle major Ashok Leyland has announced a robust financial performance for Q4 and FY2025. The company reported achieving its highest-ever quarterly and annual revenues, EBITDA and profit after tax (PAT).
For Q4 FY2025, the EBITDA of 15 percent at INR 17 billion, as against 14.1 percent at INR 15 billion last year. The PAT came at INR 12 billion, up 38.4 percent as against INR 9 billion last year. The company generated INR 32 billion in cash during the quarter.
In FY2025, the revenue came at INR 387 billion, a flat growth as compared to INR 383 billion last year, while EBITDA was 12.7 percent at INR 49 billion, as against 12 percent at INR 46 billion last year. On the other hand, the company PAT came at INR 33 billion, up 26 percent YoY, as against INR 26 billion reported last year.
The company ended FY2025 with net cash of INR 42 billion in hand, as against net debt of INR 890 million last year.
Ashok Leyland reported sales of 195,093 units for FY2025, which was very close to the record high of 197,366 units, with M&HCV buses witnessing its best year with sales of 21,249 units. Export volumes were also amongst its best performance in the recent past at 15,255 units, up 29 percent as compared to 11,853 units last year.
Dheeraj Hinduja, Chairman, Ashok Leyland, said, “Achieving these record-breaking numbers is a matter of immense pride for us. It reflects the resilience of our business and the trust our customers place in us. Given Company’s strong financial performance in the last three years, the Board of Directors has approved a 1:1 bonus share issue. This is on the back of two interim dividends announced for FY25 amounting to 625 percent, or INR 6.25 per share. With our unwavering focus on innovation and customer satisfaction, and thrust in international operations, we are well-positioned for sustained and profitable growth.”
Shenu Agarwal, Managing Director & CEO, Ashok Leyland, said “FY2025 has been another landmark year for us. We’ve set new records in revenue, EBITDA, and profitability. Our margin expansion and robust cash generation reflect the strength of our operations. It also gives us immense satisfaction to achieve our medium-term goal of mid-teen EBITDA in Q4. The company is in a very strong cash position, ending the year with a cash surplus of INR 42.42 billion. This gives us more fuel to further augment our strengths in products and technology, and to offer best-in-class customer experience. We are continuing on our premiumization journey with high focus on delivering exceptional value to our customers. We are now more confident than ever in our ability to gain market share and further improve our price realisation.”
Going forward, the company shared that in addition to electric vehicles led by Switch Mobility, it is also working on alternative fuel strategy including LNG and hydrogen.
Blue Energy Motors Appoints Anand Mimani As CEO Of EV And New Energy Business
- By MT Bureau
- September 15, 2025
Pune-headquartered alternative fuel commercial vehicle manufacturer Blue Energy Motors has appointed Anand Mimani as CEO of its EV & New Energy Business.
Mimani will be responsible for the company’s focused vertical on integrated clean freight ecosystem. The automaker is working on accelerating expansion across electric heavy-duty vehicles, energy-as-a-service platforms and green corridor infrastructure.
He comes with over 26-years of experience in mobility, energy and clean tech. Till recently, he was the CEO of GreenLine Mobility Solutions, where he led the deployment of India’s largest fleet of LNG-pwoered trucks.
In his new role, Mimani will lead the EV & New Energy division’s business strategy, operations, product rollout and partner ecosystem — with a sharp focus on scaling zero-emission trucking solutions. He will report directly to Anirudh Bhuwalka, Founder & Managing Director, Blue Energy Motors, who continues to steer the company’s overall mission, strategic direction and group-level leadership.
Bhuwalka, said, “As we scale rapidly, it’s critical to bring in focused leadership for each of our high-growth verticals. Anand’s appointment as CEO of our EV and New Energy Business significantly strengthens our execution capacity in the electric mobility and infrastructure space, while advancing our broader vision for a zero-emission freight future.”
The Pune-based automaker is working on clean freight platform combining battery-electric, LNG and energy-as-a-service solutions under one integrated ecosystem. With EV and energy infrastructure representing a critical pillar of its scale-up, it is now strengthening leadership in this vertical to:
- Ramp up deployment of electric truck platforms
- Scale battery swap and charging hubs across key freight corridors
- Deepen partnerships with energy providers, logistics firms, and OEMs
Anand Mimani, said, “I’m excited to join Blue Energy at such a pivotal time. The opportunity to lead the EV & New Energy vertical – while working closely with Anirudh and the leadership team – is incredibly energising. Together, we aim to build a freight ecosystem that is clean, efficient, and future-proof.”
Volkswagen Commercial Vehicles UK Appoints David Hanna As New Director
- By MT Bureau
- September 09, 2025
David Hanna has been named Director of Volkswagen Commercial Vehicles UK, effective 1 October 2025. He brings extensive two-decade automotive industry experience from both manufacturer and retail perspectives.
Hanna originally joined Volkswagen Group UK in 2014 and has since cultivated deep brand knowledge through significant roles within the Audi, Volkswagen Passenger Cars and Volkswagen Commercial Vehicles divisions, including Head of Network Sales at Volkswagen Passenger Cars UK. This strategic appointment marks a return to the light commercial vehicles sector for Hanna, where his proven leadership and historical involvement are expected to drive the brand's future growth and strengthen its market position.
Damien O’Sullivan, Managing Director, Volkswagen Group UK, said, “I am delighted to welcome David to the Board of Management of Volkswagen Group UK in his new role as Director of Volkswagen Commercial Vehicles. I’m sure he will bring strong leadership and considerable experience to this important role.”
Hanna said, “Volkswagen Commercial Vehicles is a fantastic brand with class-leading products and an incredible history. It also has one of the best team of retailers in the UK through its Van Centre Network. I’m excited to be able to lead the team in the UK, and am very much looking forward to working with them and the network again in order to continue the success of the brand.”
Tata Motors Launches New LPT 812 Truck
- By MT Bureau
- September 03, 2025
Tata Motors, one of India’s largest commercial vehicle manufacturers, has launched the all-new Tata LPT 812, its latest offering in the Intermediate, Light and Medium Commercial Vehicles (ILMCV) segment.
The LPT 812 builds upon the company’s capabilities and is claimed to be India’s first 4-tyre truck with a 5-tonne rated payload. It is built on the company’s LPT platform, which is claimed to provide the ruggedness of a 6-tyre vehicle, while offering the efficiency, agility and lower maintenance of a 4-tyre truck. It is available in multi-load body options for customers operating across industrial goods, market load, F&V and courier applications, among others.
Rajesh Kaul, Vice-President & Business Head – Trucks, Tata Motors Commercial Vehicles, said, “The launch of the Tata LPT 812 sets a new benchmark in customer profitability in the segment. This category-defining truck addresses the growing need for improved productivity, while delivering superior fuel efficiency, ease of operations and maximum uptime. It reflects our commitment to understanding evolving market requirements and developing advanced solutions that drive long-term business growth for our customers.”
In terms of performance, the LPT 812 comes with 4SPCR diesel engine, producing 125hp and 360Nm of torque, paired with a 5-speed gearbox and a booster-assisted clutch for smooth gearshifts. The truck comes with parabolic front suspension with an anti-roll bar, full S-Cam air brakes and tilt & telescopic power steering.
Tata Motors is providing a 3-year/300,000 km warranty as part of its aftersales assurance.
Ashok Leyland Opens New LCV Dealership In Jajpur, Odisha
- By MT Bureau
- September 02, 2025
Chennai-based commercial vehicle major Ashok Leyland has inaugurated its new light commercial vehicles dealership in Jajpur, Odisha, which also marks the sixth such facility in the state.
The new facility is equipped with advanced tools, quick service bays and to service its extensive range of LCVs including – Bada Dost, Dost, Saathi, Partner and MiTR.
Viplav Shah, Head – LCV Business, Ashok Leyland, said, “Odisha has always been an important market for us, and we are delighted to strengthen our presence here with the new dealership in Jajpur. Our relationship with customers in this region has been built on trust, performance, and shared growth. The success of our Dost, Bada Dost and now the Saathi range, known for their superior mileage, performance, and reliability, reflects the confidence our customers place in us. With a strong network and an industry-leading service retention rate, we are thankful for the confidence our customers continue to pose in us. This new dealership is yet another step in our commitment to offering world-class products and unmatched service.”
At present, over 550,000 Ashok Leyland LCVs are plying across India.
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