Dheeraj Hinduja, Chairman, Ashok Leyland
Business car producer Ashok Leyland expects demand momentum to proceed by the ultimate quarter of FY26, with trade volumes seemingly to develop 10–12 per cent for the fiscal supported by bettering sentiment and rising alternative demand throughout business car (CV) segments.
The present quarter has turned out to be notably robust and has helped offset the slower intervals seen earlier within the 12 months. The corporate has additionally gained market share and expects this development to proceed over the following few months, Chairman Dheeraj Hinduja advised businessline.
“In electrical mobility, Swap Mobility has achieved profitability on the PAT stage inside a brief span. The subsidiary has an order ebook of over 2,000 electrical buses and round 1,200 electrical LCVs but to be delivered,” Hinduja stated. The corporate has additionally begun exporting electrical automobiles,” he added.
Ashok Leyland is presently the one producer of electrical double-decker buses, a section gaining traction amongst State Transport Undertakings, he famous. As competitors in electrical buses intensifies, the chairman stated that the corporate stays centered on bidding just for contracts sustainable over the long run, for round 10–12 12 months intervals. “A number of the new age corporations are bidding at aggressive pricing,” he famous.
Market rumours
On experiences of plans to elevate $200 million for Ashok Leyland’s OHM Mobility Unit, CFO KM Balaji stated the corporate doesn’t touch upon market rumours. “Ashok Leyland’s Board within the final assembly accredited an funding of ₹600 crore in OHM, of which ₹300 crore has already been invested. The remaining ₹300 crore will likely be infused as and when funds are required. No further funds have been deployed as of now.”
Hinduja famous that development is seen throughout all main CV segments. In vehicles, demand has picked up on the entry-level intermediate business car (ICV) section, whereas development is extra pronounced in tippers and higher-tonnage multi-axle automobiles, pushed by infrastructure and building exercise. On the sunshine business car (LCV) facet, demand stays broad-based, with Ashok Leyland reporting 33 per cent development in home LCV volumes in January alone.
Revealed on February 11, 2026
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