| Commercial Vehicles | Manufacturing and sale of trucks, buses, defense vehicles, engines, and aftermarket products. | Strong brand reputation, extensive dealership network, JV technology partnerships, and leadership in commercial vehicle exports. | B2B including transport corporations, logistics firms, defense and construction sectors. | Specialty vehicles, defense contracts, and electric/hybrid vehicle segments. | 42332 | 86 | Vehicle and engine sales, aftermarket services, and parts revenue. | Direct sales with value-added service offerings; focus on product lifecycle profitability. | Growing demand for cleaner vehicles, expansion into electric and CNG models, infrastructure investments. | Ecomet Star Trucks, Bada Dost, Jan Bus, Optare Buses, AVTR Electric Trucks |
| Financial Services | Vehicle financing, loans, and financial products supporting commercial vehicle sales. | Strong integration with vehicle sales, deep customer insights, and established financial subsidiary with growing market share. | B2B and B2C vehicle buyers, dealers, and fleet operators. | Loan financing, fleet leasing and used vehicle financing. | 6203 | 14 | Interest income on loans, financing fees, and related financial services. | Loan interest, leasing fees, and financial product charges. | Increased financing demand linked to rising vehicle sales and fleet expansion. | Hinduja Leyland Finance Limited |
