On March 26, 2025, Ashok Leyland share price rose over 2%, reaching a day high of ₹214.40 at 09:30 AM, after opening at ₹212.70. The gain in Ashok Leyland shares came ahead of the scheduled board meeting on March 26. The news reports claim that India’s second-largest Commercial Vehicle manufacturer, Ashok Leyland, may be close to acquiring the promoter’s stake in SML Isuzu. As mentioned in the news reports, the negotiations reached an advanced stage between the company and Japan’s Sumitomo Corporation, the promoter of SML Isuzu.
The news reports also stated that Mahindra & Mahindra is also in talks to acquire the entire promoter stake in SML Isuzu at a valuation of between ₹1,400 to ₹1,500 per share, which is a discount to SML Isuzu’s current market price. In addition, JBM Auto is among the top participants to acquire SML Isuzu.
In February 2025, Ashok Leyland recorded a mixed sales trend across different categories. For Medium and Heavy Commercial Vehicles (M&HCV), truck sales saw a modest increase of 1% compared to February 2024, with 8,922 units sold, though cumulative sales for the year showed a 5% decline at 83,843 units. On the other hand, bus sales in the M&HCV category witnessed a 5% drop in February but a strong 18% growth in cumulative sales, reaching 25,150 units. Overall, the total M&HCV category remained relatively flat, showing no significant growth or decline on a year-over-year basis.
Light Commercial Vehicles (LCV) saw a 5% increase in domestic sales for February 2025, with 6,417 units sold, but cumulative LCV sales slightly declined by 1% compared to the previous year. When looking at the overall vehicle market, total vehicle sales increased by 2% in February 2025 compared to the same month last year, although cumulative sales were nearly unchanged, showing a slight 0% decrease. This data indicates a generally stable but cautious market, with some variations across categories, reflecting ongoing market dynamics.
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Published on: Mar 26, 2025, 9:51 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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