Ashok Leyland Ltd - Company Profile

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Ashok Leyland Ltd: Segment Analysis

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Business Description

Ashok Leyland Ltd (Ashok Leyland), a subsidiary of Hinduja Automotive Ltd, is primarily engaged in the manufacturing of commercial vehicles and rendering financial services mainly related to vehicle and housing financing. The company also has a significant presence in the defense sector, with the largest fleet of logistics vehicles deployed in the Indian Army and partnerships with armed forces worldwide.

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R&D Overview

Ashok Leyland has undertaken several R&D initiatives focusing on the development of engines for alternate fuels, components for electric powertrains, and ADAS. The company has initiated in-house software control system development and worked on alternate fuel variants in the AVTR platform. Additionally, Ashok Leyland is developing hydrogen-based vehicles, both ICE and fuel cell, for technology demonstration and creating new platforms to meet current market demands. The benefits derived from these initiatives include the launch of new products in the ICE and BEV space. The future plan of action includes refining alternate fuel vehicles for TCO and efficiency and developing new features as part of the technology roadmap.In FY2025, the company spent INR1,587 million of R&D, which as a percentage of revenue stood at 0.3%, and grew 19.4% YoY.

Business Segments

Overview

Includes manufacturing and trading in medium and heavy commercial vehicle, light commercial vehicles, passenger vehicles, automotive aggregates, and engineering design services. It serves various markets, including Africa, the Middle East, CIS, Asia and Latin America. Major products include buses like CNG, double-decker and vestibule; trucks like multi-axle and tractor-trailers; diesel engines; logistics vehicles; and defense vehicles.

Performance

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Overview

Offers financial services mainly relating to vehicle and housing financing. Services include financing commercial and personal vehicles, tractors and construction equipment, and loans against property. It provides finance for affordable housing loans. Key operating subsidiary includes Hinduja Leyland Finance Ltd Vehicle finance business customer base include first time buyers, retail operators, strategic and large fleet owners, captive users, small truck owners and self-employed individuals.

Performance

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Geographical Segments

Performance

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Performance

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