In fiscal year 2019, the share of medium and heavy commercial passenger carriers in total sales of Ashok Leyland was ten percent. This was projected to increase slightly more by fiscal year 2021. The company was the second largest commercial vehicle manufacturer in India and the fourth largest manufacturer of buses worldwide. It was valued at over **** billion U.S. dollars in 2019.
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Nalanda Securities. (May 25, 2019). Share of medium and heavy commercial passenger carriers in total sales of Ashok Leyland from financial year 2012 to 2019, with estimates until 2021 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 31, 2026, from /statistics/1069100/india-mandhc-passenger-carrier-share-in-ashok-leyland-sales/
Nalanda Securities. "Share of medium and heavy commercial passenger carriers in total sales of Ashok Leyland from financial year 2012 to 2019, with estimates until 2021." Chart. May 25, 2019. ÌÇÐÄÆƽâ°æ. Accessed July 31, 2026. /statistics/1069100/india-mandhc-passenger-carrier-share-in-ashok-leyland-sales/
Nalanda Securities. (2019). Share of medium and heavy commercial passenger carriers in total sales of Ashok Leyland from financial year 2012 to 2019, with estimates until 2021. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 31, 2026. /statistics/1069100/india-mandhc-passenger-carrier-share-in-ashok-leyland-sales/
Nalanda Securities. "Share of Medium and Heavy Commercial Passenger Carriers in Total Sales of Ashok Leyland from Financial Year 2012 to 2019, with Estimates until 2021." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 25 May 2019, /statistics/1069100/india-mandhc-passenger-carrier-share-in-ashok-leyland-sales/
Nalanda Securities, Share of medium and heavy commercial passenger carriers in total sales of Ashok Leyland from financial year 2012 to 2019, with estimates until 2021 ÌÇÐÄÆƽâ°æ, /statistics/1069100/india-mandhc-passenger-carrier-share-in-ashok-leyland-sales/ (last visited July 31, 2026)
Share of medium and heavy commercial passenger carriers in total sales of Ashok Leyland from financial year 2012 to 2019, with estimates until 2021 [Graph], Nalanda Securities, May 25, 2019. [Online]. Available: /statistics/1069100/india-mandhc-passenger-carrier-share-in-ashok-leyland-sales/
