Ashok Leyland Eyes Steady Growth and Green Future Amid Expanding Truck Portfolio
Ashok Leyland stated in late 2024 that it is “within striking distance” of achieving total cost of ownership parity between its electric and diesel trucks, a milestone that could accelerate EV adoption in commercial logistics.
10/9/20252 min read
Chennai, October 2025: Ashok Leyland, one of India’s leading commercial vehicle manufacturers, is steering toward moderate but steady growth while accelerating its transition to green mobility. The company expects single-digit growth in the medium and heavy commercial vehicle (M&HCV) segment in FY26, following a modest 3% decline in FY25, reflecting a stabilizing market environment.
Strong Sales Momentum in 2025
Ashok Leyland has reported consistent sales growth through 2025, signaling improved demand and strong fleet replacement cycles. In September 2025, the company recorded a 9% year-on-year (YoY) increase in total domestic and export sales. Domestic M&HCV truck sales grew 5% YoY, while total M&HCV sales, including exports, rose 7%.
Earlier in the year, July 2025 sales climbed 8% YoY, and May 2025 saw overall growth of 5%, driven by an impressive 11% rise in M&HCV sales. The company also secured several major fleet orders, including 200 trucks for Instant Transport Solution Pvt Ltd in June 2025 and 250 trucks for Patanjali Parivahan Private Ltd in May 2025.
Expanding Footprint in North India
As part of its growth strategy, Ashok Leyland is focusing on strengthening its presence in North India. The company plans to open over 50 new dealerships and service centers in the region during 2025, aiming to raise its market share from 26% to 30% by 2028.
Pushing Ahead in Green Mobility and Technology
A major focus for Ashok Leyland has been sustainability and technological innovation. The company announced in September 2025 that it is preparing to commercially launch hydrogen-powered trucks within the next two years and is currently trialing 26 hydrogen internal combustion engine (H2-ICE) vehicles.
On the electric mobility front, Ashok Leyland continues to expand its EV truck portfolio. Its Hosur plant now houses a dedicated EV assembly line with a capacity of 5,000 units per year, operational since October 2024. In partnership with China’s CALB Group, the company began assembling EV battery packs in India to lower costs and reduce dependence on imports. Discussions with major logistics players like Adani are also underway for large-scale electric truck orders.
Deliveries of electric heavy vehicles have already begun—most notably, the 180-unit order for Billion Electric Mobility comprising the AVTR 55T tractor and BOSS electric trucks for intercity logistics.
Cost Competitiveness and Strategic Focus
Ashok Leyland stated in late 2024 that it is “within striking distance” of achieving total cost of ownership parity between its electric and diesel trucks, a milestone that could accelerate EV adoption in commercial logistics.
To offset rising input costs, the company implemented a price increase of up to 3% across its commercial vehicle lineup effective January 2025. Meanwhile, its EV arm, Switch Mobility, will continue to concentrate on electric light commercial vehicles and buses, while Ashok Leyland focuses on electric heavy trucks.
With strong sales recovery, expanding dealer networks, and bold steps into clean transportation technologies, Ashok Leyland is positioning itself at the forefront of India’s evolving commercial vehicle industry.