Ashok Leyland, part of the Hinduja Group, is aiming for record export performance this financial year, with plans to expand into key South East Asian markets. The company has already entered the Philippines and is preparing to launch in Malaysia, as well as targeting two additional markets in the region, according to Managing Director and CEO Shenu Agarwal.
“Our immediate focus is on South East Asia. We’ve recently begun operations in the Philippines and are close to launching in Malaysia, although regulatory updates have slightly delayed our timeline,” Agarwal stated.
Executive Chairman Dheeraj Hinduja noted that, despite economic challenges in Bangladesh, demand remains strong in the Middle East, where Ashok Leyland has expanded its product range, positioning the company for a high-performing year in international sales.
In response to queries, Agarwal described the GCC (Gulf Cooperation Council) markets as a “star performer” for Ashok Leyland, with new products set to be introduced in the region over the next 12 months.
Financially, Ashok Leyland posted a profit of Rs 766.55 crore for the quarter ending September 30, 2024, up from Rs 569.31 crore in the same period last year. Total income for the quarter was Rs 11,261.84 crore, with exports rising 14% to 3,310 units.
Ashok Leyland, a flagship company of the Hinduja Group, is one of India’s leading commercial vehicle manufacturers with a strong presence in over 50 countries worldwide. Headquartered in Chennai, the company is renowned for its wide range of products, including trucks, buses, light commercial vehicles, and defense vehicles.
Known for its innovation and technology-driven approach, Ashok Leyland has pioneered several industry-firsts, such as the introduction of the first electric bus in India and the development of modular vehicle platforms. The company is deeply committed to sustainability and has invested heavily in electric mobility, hydrogen fuel cells, and alternative fuel solutions to reduce carbon emissions.
With a robust manufacturing base and a focus on customer-centric solutions, Ashok Leyland continues to play a pivotal role in shaping India’s transportation and mobility landscape while expanding its global footprint in the commercial vehicle industry.
