Sequentially, the company's total CV sales declined 10.74% last month from 11,847 units sold in April 2022.

While the total sales of medium & heavy commercial vehicles (M&HCV) jumped 307% to 7,945 units, sales of light commercial vehicles (LCVs) climbed 328% to 5,328 units in May 2022 over May 2021.

In the domestic market, the company sold 12,458 units of total vehicles in May 2022, up 355% compared with 2,738 units sold in the same period last year.

Ashok Leyland, flagship of the Hinduja group, is among the largest manufacturer of commercial vehicles in India and also among the biggest manufacturers of buses and trucks globally.

The company‘s consolidated net profit slumped 60.2 % to Rs 140.24 crore on a 21.8 % surge in net sales to Rs 9,882.39 crore in FY22 over FY21.

Shares of Ashok Leyland were trading flat at Rs 137.55 on the BSE.