Ashok Leyland's EBITDA margin FY 2017-2022
At the end of fiscal year 2022, the EBITDA margin of Ashok Leyland was 4.6 percent. The company was the second largest manufacturer of commercial vehicles in India and the fourth largest bus manufacturer worldwide. It became the first Indian commercial vehicle manufacturer to get the certification of the latest emission standards (to be implemented in April 2020) for its full range of heavy duty trucks.