Ashok Leyland stock in focus as total sales drop 6% in April; M&HCV volumes fall
Shares of Ashok Leyland will be in focus on Thursday, May 2, after the commercial vehicle major reported a 6% year-on-year decline in total sales for April 2025. The stock had closed at ₹225.31 in the previous trading session on April 30.
The company reported total vehicle sales (including exports) of 13,421 units in April 2025, compared to 14,271 units in the same month last year. The decline was largely driven by a 13% drop in medium and heavy commercial vehicles (M&HCV), with bus volumes falling 22% YoY.
In the domestic market, total sales fell 7% YoY to 12,509 units. Notably: M&HCV Trucks declined 10% to 5,915 units
M&HCV Buses plunged 28% to 1,491 units
LCV sales rose 6% YoY to 5,103 units
While the light commercial vehicle segment showed resilience, the overall sentiment may remain cautious due to continued pressure in Ashok Leyland's core M&HCV segment.
The stock's reaction will also be viewed in context with broader trends in the auto space, where peers like M&M, Maruti, and TVS Motor reported better-than-expected sales for April.
News desk at BusinessUpturn.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Circus SE Appoints Former Helsing Top-Executive Sasha Borovik as General Counsel
Borovik, a Harvard Law graduate, brings 20+ years of legal leadership across AI, tech, and defense, including as Director of Legal Affairs at Microsoft and key legal architect behind defense AI leader Helsing's $5Bn scale-up. He brings deep expertise in global negotiations and IP strategy across commercial and defense sectors - working with customers such as NATO, the UN, and Ukrainian forces. Joins as Circus' first core defense executive to accelerate international growth and legal strategy following the CA-M launch as its first autonomous solution for the defense sector and the CA-1 serial production. MUNICH, June 11, 2025--(BUSINESS WIRE)--Circus SE (XETRA: CA1), a global leader in AI software and robotics for the food service industry, announces the appointment of Sasha Borovik as General Counsel effective June 11, 2025. A graduate of Harvard Law School with over two decades of global legal and commercial leadership, Borovik has negotiated complex technology, defense, and AI transactions on behalf of major corporations and institutions. His track record spans work with NATO-aligned governments, the UN, and AI leaders shaping next-generation defense infrastructure. At Helsing, Europe's leading defense AI company, Borovik played a pivotal role as General Counsel and Director of Compliance - not only building the legal function, but also leading the structuring and execution of multiple capital rounds totaling over $800 million to date. His legal leadership was instrumental in navigating dual-use technology regulation, defense contracting, and IP protection in one of Europe's most strategically important AI ventures. Prior to Helsing, Borovik served as Senior Director and Lead Counsel for EMEA at Akamai Technologies (Nasdaq: AKAM), and Director of Legal Affairs at Microsoft (Nasdaq: MSFT) as a head lawyer for the public sector, where he supported global expansion, strategic partnerships, and high-value commercial transactions across regulated markets. Borovik's appointment comes as Circus prepares for the launch of its CA-M defense product line, the world's first autonomous meal supply system designed for defense and critical infrastructure, and ramps up serial production of its core CA-1 system. As the company's first core defense executive, he will play a critical role in shaping commercial agreements, institutional partnerships, and regulatory strategy across dual-use domains. "Joining Circus is an opportunity to shape the strategic and legal backbone of a company that's redefining autonomy at scale," said Sasha Borovik. "With the CA-M and a growing international footprint, Circus is stepping into domains where legal rigor and regulatory foresight are not just an asset - they're mission-critical." "Sasha brings a rare combination of legal excellence, deal-making experience, and deep domain knowledge in defense and AI," said Nikolas Bullwinkel, CEO and Founder of Circus SE. "As we expand negotiations with multiple NATO-aligned forces and scale internationally, his leadership will be instrumental in building robust, long-term partnerships." Borovik holds law degrees from Harvard Law School and Charles University in Prague. He speaks seven languages and is admitted to the bar in both the European Union and the state of New York. About Circus SE Circus SE (XETRA: CA1) is a global AI and robotics company developing autonomous systems for food supply in both civilian and defense sectors. Its flagship robot, the patented CA-1, is the world's first fully autonomous food production robot, now in serial production. Powered by proprietary embodied AI, Circus delivers industrial-scale, high-reliability meal output with minimal human input. Headquartered in Munich, the company is building the global infrastructure for autonomous food supply — on a mission to fuel humanity. Language: English Company: Circus SE Hongkongstrasse 6 20457 Hamburg Germany E-mail: ir@ Internet: ISIN: DE000A2YN355 WKN: A2YN35 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich (m:access), Tradegate Exchange View source version on Contacts Circus SEpress@
Business Wire
3 hours ago
- Business Wire
Circus SE Appoints Former Helsing Top-Executive Sasha Borovik as General Counsel
MUNICH--(BUSINESS WIRE)--Circus SE (XETRA: CA1), a global leader in AI software and robotics for the food service industry, announces the appointment of Sasha Borovik as General Counsel effective June 11, 2025. A graduate of Harvard Law School with over two decades of global legal and commercial leadership, Borovik has negotiated complex technology, defense, and AI transactions on behalf of major corporations and institutions. His track record spans work with NATO-aligned governments, the UN, and AI leaders shaping next-generation defense infrastructure. At Helsing, Europe's leading defense AI company, Borovik played a pivotal role as General Counsel and Director of Compliance - not only building the legal function, but also leading the structuring and execution of multiple capital rounds totaling over $800 million to date. His legal leadership was instrumental in navigating dual-use technology regulation, defense contracting, and IP protection in one of Europe's most strategically important AI ventures. Prior to Helsing, Borovik served as Senior Director and Lead Counsel for EMEA at Akamai Technologies (Nasdaq: AKAM), and Director of Legal Affairs at Microsoft (Nasdaq: MSFT) as a head lawyer for the public sector, where he supported global expansion, strategic partnerships, and high-value commercial transactions across regulated markets. Borovik's appointment comes as Circus prepares for the launch of its CA-M defense product line, the world's first autonomous meal supply system designed for defense and critical infrastructure, and ramps up serial production of its core CA-1 system. As the company's first core defense executive, he will play a critical role in shaping commercial agreements, institutional partnerships, and regulatory strategy across dual-use domains. 'Joining Circus is an opportunity to shape the strategic and legal backbone of a company that's redefining autonomy at scale,' said Sasha Borovik. 'With the CA-M and a growing international footprint, Circus is stepping into domains where legal rigor and regulatory foresight are not just an asset - they're mission-critical.' 'Sasha brings a rare combination of legal excellence, deal-making experience, and deep domain knowledge in defense and AI,' said Nikolas Bullwinkel, CEO and Founder of Circus SE. 'As we expand negotiations with multiple NATO-aligned forces and scale internationally, his leadership will be instrumental in building robust, long-term partnerships.' Borovik holds law degrees from Harvard Law School and Charles University in Prague. He speaks seven languages and is admitted to the bar in both the European Union and the state of New York. About Circus SE Circus SE (XETRA: CA1) is a global AI and robotics company developing autonomous systems for food supply in both civilian and defense sectors. Its flagship robot, the patented CA-1, is the world's first fully autonomous food production robot, now in serial production. Powered by proprietary embodied AI, Circus delivers industrial-scale, high-reliability meal output with minimal human input. Headquartered in Munich, the company is building the global infrastructure for autonomous food supply — on a mission to fuel humanity.
Bloomberg
7 hours ago
- Bloomberg
Morgan Stanley Australia CEO on Business Outlook
Richard Wagner, CEO of Morgan Stanley Australia, discusses his outlook and growth strategy for the business, as he sees an uptick in M&A and IPO activity in the Australian market in the second half of 2025. He speaks exclusively with Haidi Stroud Watts on the sidelines of the annual Morgan Stanley Australia Summit on "Bloomberg: The Asia Trade". (Source: Bloomberg)
