Bengaluru, 09 December 2025: Ashok Leyland, the Indian flagship of the Hinduja Group and one of the country’s leading commercial vehicle manufacturers, unveiled its new P15 (49 & 55 HP) and H4 Unipack (55 & 74 HP) engine solutions at EXCON 2025. Fully compliant with the latest CEV Stage V emission norms, these engines are engineered for high performance, enhanced efficiency, and long-term reliability across off-highway and industrial applications.

Built at world-class manufacturing facilities and aligned with global quality standards, the new engines reflect Ashok Leyland’s commitment to innovation and customer-focused engineering. The 12th edition of EXCON is being held from December 09–13, 2025, at the Bangalore International Exhibition Centre (BIEC).

Mr. Amandeep Singh, President – LCV, International Operations, Defence & Power Solutions, said:
“Our customers need solutions that keep their operations running smoothly and cost-effectively. The new P15 and H4 Unipack engines deliver higher power, better fuel efficiency, and proven reliability. This launch strengthens our commitment to innovation and supports India’s ‘Make in India’ vision.”

Mr. Sathyanandan M, Head – Power Solutions, added: “Our engineering expertise continues to drive innovation in the industrial engine space. We understand the challenges faced in the construction and industrial sectors. These new engines are versatile, durable, and easy to integrate across various equipment categories. Our aim is simple: to help businesses work smarter and achieve more with solutions they can rely on.”

The P15 engine is ideal for compact machines such as skid-steer loaders, mini compactors, sweepers, and forklifts. It delivers strong pulling power in a lightweight, compact design, ensuring high performance with reduced fuel consumption. Customers can also choose from a high-speed non-emission variant (up to 3300 rpm) for faster operations or a CNG version for a cleaner energy option.

The H4 Unipack (55 & 74 HP) is engineered for demanding applications such as backhoe loaders. With high-altitude performance capability (up to 5,500 meters) and reliable cold starts, the H4 series is built for tough working conditions while meeting stringent emission standards—making it ideal for rugged industrial environments.

Ashok Leyland also showcased a range of advanced solutions designed to meet diverse customer needs, including:
• A6 Series – 380 HP CRS Engine for heavy-duty performance
• H6 Series – Hydrogen / Flexi-Fuel Engine, supporting cleaner, future-ready technologies
• H6 Series – 133 HP CEV Stage V Engine without intercooler
• 82.5 kVA Diesel Genset
• Compact Flex EATS (Exhaust After-Treatment System) for CEV Stage V / Trem Stage V applications
• Airless DEF Tank Solutions for simplified emission control

With decades of engineering leadership and a strong nationwide service network, Ashok Leyland continues to strengthen its position in the rapidly evolving engine market—delivering innovative, reliable, and value-driven solutions for its customers.

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Bengaluru, 19^th Nov 2025: Ashok Leyland, the Indian flagship of the Hinduja Group and one of the world’s leading commercial vehicle manufacturers, has expanded its footprint in Qatar through a new partnership with FAMCO Qatar, an Al-Futtaim Group company. The move builds on Ashok Leyland’s successful 2024 expansion into Saudi Arabia with FAMCO KSA, reinforcing the strong strategic alliance between Al-Futtaim and Ashok Leyland. The launch, held at the Doha Exhibition and Convention Centre, marks a significant milestone as Qatar continues to advance its transport and infrastructure ambitions.

Through its partnership with FAMCO Qatar, Ashok Leyland brings to the Qatari market a trusted legacy of over 75 years, offering robust, reliable, and innovative commercial vehicles tailored to the needs of local businesses and communities. The comprehensive product portfolio includes the flagship ‘Falcon’ and ‘Oyster’ buses, which are renowned for advanced safety and passenger comfort, along with the versatile ‘Boss’ and ‘Partner’ light and medium-duty trucks. Whether it is the fleet operator segment, or logistics companies, or it is SMEs and public transportation businesses, each Ashok Leyland vehicle is designed to give operational longevity, optimal fuel efficiency, and a lower total cost of ownership.

The introduction of Electric Buses from Ashok Leyland is particularly noteworthy since it demonstrates the Company’s commitment to globally provide environment-friendly mobility solutions.

Speaking at the launch, Mr. Rajesh R, Head of International Operations, Ashok Leyland, said, “Today is a proud moment as we introduce Ashok Leyland’s best-in-class commercial vehicles in Qatar, in partnership with FAMCO Qatar and the Al-Futtaim Group. Our presence here extends our proven track record in the Middle East and reflects our deep commitment to shaping the future of mobility in these markets. Together, we are poised to deliver lasting value through reliable uptime, world-class aftersales support, and a focus on innovation and sustainability”.

Mr. Ramez Hamdan, Managing Director of Al-Futtaim Industrial Equipment, added: “ Ashok Leyland is a brand built on trust and progress. Following our success in Saudi Arabia, we are proud to bring that impact to Qatar – a nation investing in its infrastructure, its people, and its future. With Ashok Leyland’s trusted range, including the new Electric Buses, and today’s debut of FAMCO Qatar, we are helping shape a more connected, more sustainable tomorrow for Qatar’s businesses and communities.”

Offering competitive pricing, low total cost of ownership, and the assurance of FAMCO Qatar’s extensive service network, the partnership is set to enhance the capabilities of Qatar’s transport and logistics sector and deliver long-term value to local businesses and communities.

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Bengaluru, November 12, 2025: Ashok Leyland, the Indian flagship of the Hinduja Group, reported Profit (before exceptional items and tax) of Rs. 1,083 Cr for the quarter, growing at 23% over the same period last year (Rs 878 Cr). The EBITDA for the quarter was up at 12.1% (Rs. 1162 Cr) as against 11.6% (Rs. 1017 Cr) in the corresponding period last year.

Both MHCV and LCV industry witnessed positive growth in Q2. Ashok Leyland volume in Q2 saw a jump of 3% in MHCV (from 25,542 to 26,307 units) and 6% in the LCV segment (from 16,629 to 17,697 units) on YoY basis. The bus industry in particular continues to show impressive movement, growing for the 18^th consecutive quarter. Ashok Leyland’s Domestic MHCV market share continues to be over 30%. The Company maintained its market leadership in the Bus segment. The LCV domestic market share in the addressable segments has also improved.

The Export volumes for the quarter were at 4,784 units, growing impressively by 45% on YoY basis. The Defence, Power Solutions and Aftermarket Businesses continue to perform well and are expected to post good growth in the current fiscal. The Company expanded its product line up in Q2 by launching new products in Tipper, Bus, Haulage and LCV segments. The expansion of distribution network is running ahead of the plan.

Due to continued improvement in Company’s fiscal performance and better outlook for the year, the Board has recommended a 100% Interim Dividend of INR 1/- per share (FV Re. 1/share).

Mr. Dheeraj Hinduja, Chairman, Ashok Leyland, said “We continue to deliver profitable growth, driven by continuing demand. Our robust all-round performance symbolizes the competitiveness of our products and strong customer focus. In the International business we are intensifying our expansion strategy in our focus markets of Middle East, Africa and SAARC. Switch Mobility is performing well with an order book of nearly 1500 vehicles.”

Mr. Shenu Agarwal, Managing Director & CEO, Ashok Leyland, added, “We continue to see  stable demand in all segments of trucks and buses. The industry has posted growth, albeit modest,   and we are anticipating to witness better growth in the second half. Ashok Leyland has achieved its eleventh consecutive quarter of double-digit EBITDA. Our focus on profitability is reflected in record PAT for Q2FY26 and higher EBITDA margins, both sequentially and year-on-year. Margin expansion is being driven by product premiumization, network growth, operational efficiency, cost optimization, and digital enablement. We believe we are well positioned to achieve our mid-teen EBITDA goal in the medium term. We remain cash positive.”

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The new channel partner, Sanvit Motors, has a 3S (Sales, Service, and Spares) facility strategically located at Dodda Amanikere, Old Madras Road, Near Hoskote Toll Gate, Hoskote. The facility is equipped with advanced tools, quick service bays and has modern infrastructure to ensure a superior customer experience.

Mr. Viplav Shah, Head – LCV Business, Ashok Leyland Ltd. said, “Karnataka has always been an important market for us. We are delighted to strengthen our presence here with the new dealership in Bengaluru. Our relationship with customers is built on trust, performance, and shared growth. Our products are known for their superior mileage, reliability, and performance. With a robust network and an industry-leading service retention, we take pride in the continued confidence our customers place in us. The opening of this new dealership marks another step in our commitment to delivering world-class products and unmatched service.”

Today, over 6 lac Ashok Leyland LCVs operate across India, reflecting our strong presence in the segment. Earlier this year, Ashok Leyland entered the sub-2-ton segment with the launch of SAATHI.. Powered by a new-generation 45 HP engine delivering 110 Nm of torque, SAATHI offers the largest loading area in its segment and an industry-leading payload capacity of 1,120 kg. Designed to redefine the entry-level small commercial vehicle market, SAATHI has already become a game-changer in the industry.

BADA DOST is the first product to be built on an all-new robust LCV platform and has five variants: i2, i3+, i5, i5XL and i5+. It is powered with an 80 hp BS6 engine that delivers best-in-class power & mileage, best-in-class payload, and best-in-class load body length and loading space that helps customers earn more profit per trip. DOST range comes in the following configurations– DOST XL and DOST+ XL to cater to different sections of the market and applications.

PARTNER, a modern & highly fuel-efficient load carrier, caters to the 4-ton payload segment and is available in both 4 tyre and 6 tyre options. PARTNER is based on an internationally acclaimed vehicle platform & carries the renowned ZD30 CRDI engine.

MiTR bus is offered in both staff bus & school bus options. It provides superior mileage even in stop-and-go conditions. MiTR School Bus complies with all school bus safety norms & offers unmatched ride comfort.

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Domestic MHCV industry almost remained flat on a high base of last year Q1. Ashok Leyland MHCV Truck volumes (excluding Defence) grew 2 % registering YOY market share increase from 28.9 % to 30.7%. MHCV Bus TIV (excluding EVs) grew by 5%. Ashok Leyland maintained its domestic market leadership position in MHCV buses.

LCV domestic Q1 volume at 15,566 units were ever highest for the quarter. The Export volume in Q1 grew 29% YOY at 3,011 units. The Power Solutions, Aftermarket and Defence businesses also contributed strongly to the financial performance.

EBITDA is up at 11.1% for Q1 FY26 (at Rs. 970Cr) as against 10.6% (at Rs. 911Cr) in Q1FY25. The Company continues to be cash positive at end of Q1 FY26 at Rs. 821 Cr.

Mr. Dheeraj Hinduja, Chairman, Ashok Leyland, said “Ashok Leyland has delivered a robust Q1 performance, exceeding the expectations through effective market execution while maintaining rigorous cost management. Our electric mobility subsidiary, Switch Mobility, continues to gain good traction and has achieved positive EBITDA. We are redoubling our efforts in the international markets and Defence business. Reinforcing our product superiority and strong customer orientation, we are sharpening our focus to play a pivotal role in our industry.”

Mr. Shenu Agarwal, Managing Director & CEO, Ashok Leyland, added, “We are happy to report simultaneous increases in market share and operating margins. This reinforces our strategy to deliver profitable growth through superior products and best-in-class customer service. Our focus on growing our non-CV portfolio is also helping us deliver record performances in many quarters in a row. Our priority remains achieving mid-teen EBITDA margins in the medium term, while advancing our commitment to future-ready technologies.”

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Commenting on the appointment, Mr. Amit Chincholikar, Group President- HR, Hinduja Group, said: “With the Group’s businesses entering a phase of strategic expansion, strong financial leadership is crucial. Anand’s vast experience in corporate finance and M&A, along with his proven ability to manage large-scale financial strategies, will be key in driving the Group’s growth. We look forward to him contributing significantly to our next phase of development.”

Mr. Anand Agarwal, Group President – Finance, Hinduja Group, said: “I look forward to contributing to the Hinduja Group’s continued growth by strengthening the financial framework and supporting strategic initiatives across the Group. My focus will be on enhancing financial efficiency, optimizing capital deployment, and supporting the Group’s expansion plans.”

Mr. Agarwal has successfully raised equity from large international PE funds, pension funds, and sovereign wealth funds. He has also led several high-value M&A deals across various sectors. Prior to joining Hinduja Group, he served as Chief Financial Officer at Chambal Fertilisers and Chemicals and has held leadership roles at Tata Power, Peepul Capital PE, AGS Transact Technologies, Aditya Birla Group, Reliance Industries, and ITC Limited.

He is a Chartered Accountant, Company Secretary, ICWA and CFA. Mr. Agarwal also holds an Executive MBA from the Indian Institute of Management, Ahmedabad.

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Mr. Viplav Shah, Head-LCV Business, Ashok Leyland and Mr. Rajesh Kumar Mishra, General Manager, West Bengal Gramin Bank signed the MoU in presence of Mr. Alok K Goel, Chairman, West Bengal Gramin Bank. Under this partnership, West Bengal Gramin Bank will be able to provide end-to-end financial solutions to the customers of Ashok Leyland. The partnership will focus on meeting customer needs by providing vehicle loans with convenient monthly repayment plans tailored to their preferences.

Mr. Viplav Shah, Head-LCV Business, Ashok Leyland said, “Ashok Leyland is delighted to partner with West Bengal Gramin Bank to provide attractive financing solutions to our customers. This strategic partnership will strengthen Ashok Leyland’s market position. Our products, featuring innovative technology, offer industry-leading total cost of ownership, ensuring maximum profitability for our customers. We remain committed to delivering exceptional customer experiences.”

Mr. Alok K Goel, Chairman, WBGB, said, “West Bengal Gramin Bank is pleased to partner with Ashok Leyland to offer seamless vehicle financing solutions. This association reflects our dedication to serving the diverse financial needs of commercial vehicle customers. We are confident that this collaboration will enable us to extend our reach and provide tailored financing options to support the growth of businesses in the commercial vehicle segment.”

Ashok Leyland today offers a comprehensive range of trucks and buses to meet the full spectrum of commercial vehicle needs, from intercity light commercial vehicles to long-haul trucks and a wide variety of buses. Ashok Leyland’s vehicles ensure safe transport and driver-friendly options. As a pioneer in technological innovations within the truck and bus segment, Ashok Leyland is fully equipped with a range of buses powered by alternative fuels, dedicated to reducing pollution and promoting an eco-friendly transport system in India.

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The MoU was signed by Mr. Viplav Shah, Head-LCV Business, Ashok Leyland, and Mr. Kannan Ponnuraman, General Manager, Tamil Nadu Grama Bank, in the presence of Mr. Mani Subramanian, Chairman, Tamil Nadu Grama Bank. Under this partnership, Tamil Nadu Grama Bank will be able to provide end-to-end financial solutions to the customers of Ashok Leyland. The partnership will focus on meeting customer needs by providing vehicle loans with convenient monthly repayment plans tailored to their preferences.

Mr. Viplav Shah, Head-LCV Business, Ashok Leyland, said, “We are delighted to partner with Tamil Nadu Grama Bank to offer our customers convenient and attractive vehicle financing solutions. This strategic collaboration will further strengthen Ashok Leyland’s presence in the market and enhance accessibility to our innovative, cost-efficient products. At Ashok Leyland, we are committed to delivering industry-leading value and exceptional experiences for our customers, empowering them to achieve greater profitability and success.”

Mr. Mani Subramanian, Chairman, Tamil Nadu Grama Bank, said, “Tamil Nadu Grama Bank is pleased to partner with Ashok Leyland to offer seamless vehicle financing solutions. This association reflects our dedication to serving the diverse financial needs of commercial vehicle customers. We are confident that this collaboration will enable us to extend our reach and provide tailored financing options to support the growth of businesses in the commercial vehicle segment.”

Tamil Nadu Grama Bank has 676 Branches across Tamil Nadu. The Bank offers a wide range of financial products catering the needs of different strata of society. Apart from agriculture and retail loans, the bank has products designed for the specific needs of Micro, Small, and Medium Enterprises in Tamil Nadu. The bank actively promotes various government schemes aimed at financial inclusion, with a mission to serve the last mile of society with affordable banking services.

Ashok Leyland today offers a comprehensive range of trucks and buses to meet the full spectrum of commercial vehicle needs, from intercity light commercial vehicles to long-haul trucks and a wide variety of buses. Ashok Leyland’s vehicles ensure safe transport and driver-friendly options. As a pioneer in technological innovation within the truck and bus segment, Ashok Leyland is fully equipped with a range of buses powered by alternative fuels, dedicated to reducing pollution and promoting an eco-friendly transport system in India.

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To mark the commencement of deliveries, Mr. Sanjeev Kumar, President – MHCV, Ashok Leyland handed over the keys to the first batch of 100 trucks to Mr. Rajbir Singh Chaudhary, Chairman, Instant Transport Solution, in the presence of senior executives from both organisations.

Mr. Sanjeev Kumar, President – MHCV, Ashok Leyland said, “We are delighted to deliver the first batch of 1916 single-axle & 2820 multi-axle haulage trucks to Instant Transport Solution Pvt Ltd. This order underscores the confidence customers place in our robust, innovative and reliable vehicles. As we continue to push the boundaries of technology and customer experience, collaborations like these will help shape a more efficient, future-ready logistics sector.”

Mr. Rajbir Singh, Executive Chairman & Jasveer Singh, MD & CEO, Instant Transport Solution Pvt Ltd said in a joint statement, “We have complete trust in the quality and performance of Ashok Leyland trucks. Their outstanding after-sales support ensures seamless operations for us, while their growing service network further enhances our capabilities. This delivery represents more than just new trucks—it signifies a deepening partnership aimed at advancing logistics efficiency. With Ashok Leyland’s dedication to innovation and our forward-thinking approach to transportation, we look forward to continued success on the road.”

INSTANT & XP India, a leading express logistics player in e-commerce, FCL, LCL & 3PL, is one of the fastest-growing integrated logistics businesses in India, with an owned & hired fleet of approximately 2,100 trucks has placed a substantial order of 200 units of Ashok Leyland’s trucks, reaffirming its trust in the brand’s cutting-edge technology, reliability, and superior service support. The first batch of 100 units of 1916 single axle & 2820 multi-axle haulage trucks were delivered, marking the beginning of this extensive fleet expansion.

This milestone reinforces Ashok Leyland’s leadership in the commercial vehicle sector, underscoring its dedication to innovation, customer satisfaction, and industry excellence.

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Bengaluru, 24^th June, 2025: Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, is reinforcing its strong foundation in India’s capital, Delhi and the larger part of North India with its plans to add more than 50 touch points this year, further expanding its reach and accessibility. The company operates almost 300 channel outlets across the region, ensuring comprehensive support for its customers.  Capitalizing on the region’s accelerating economic growth, expansive infrastructure development, and rising demand for commercial vehicles, the company is taking strategic steps to strengthen its market presence to better serve the region’s rapidly evolving transportation needs.

As the national capital and a key contributor to the growth engine of the Indian economy, Delhi plays a crucial role in Ashok Leyland’s growth strategy. With large-scale infrastructure investments and increasing freight mobility requirements, Delhi is a pivotal market for the company’s Medium and Heavy Commercial Vehicles (M&HCV) business. Ashok Leyland’s reliable and efficient vehicle solutions align perfectly with the region’s needs—reinforcing the company’s commitment to driving progress and connectivity.

Mr. Sanjeev Kumar, President – M&HCV, Ashok Leyland Ltd, said, “Northern India is the largest market for Commercial vehicle sector and contributes to more than a third of the Total Industry Volume. We have always recognized the immense potential of this region and are enthusiastic about the opportunities it holds. Our focus on customer-centricity and industry-leading total cost of ownership has helped us consistently grow in the region and we have gained nearly 6.5% market share in the last three years. Our commitment revolves around delivering exceptional products and services through strong partnerships in the region. We remain dedicated to strengthening our presence in Northern India.”

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