While light commercial vehicles (LCV) sales rose by 2% to 5,259 units, sales of medium & heavy commercial vehicles (M&HCV) sales increased by 6% to 9,962 units in June 2023 over June 2022.

Total CV sales in the domestic market for the period under review amounted to 14,363 units, higher by 7% compared with the same period last year.

Ashok Leyland is engaged in manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings and castings.

The Hinduja Group company's standalone net profit declined 16.6% to Rs 751.41 crore despite of 32.95% jump in revenue from operations to Rs 11,625.67 crore in Q4 FY23 from Rs 901.37 crore over Q4 FY22.