Ashok Leyland Shares Rise on CV Growth Outlook

By Jony Shekhawat | Published Date : December 15, 2025

Brokerages stay confident as improving CV demand and stable market conditions support Ashok Leyland shares.

Ashok Leyland shares have shown strong performance in the last month. The stock has gained around 16%, much better than the overall market. Because of this rally, Ashok Leyland's market capitalisation is now moving close to the ₹1 trillion level. Many investors are again showing trust in Ashok Leyland trucks, including heavy truck, pickup truck and electric truck for the future.

Ashok Leyland Share Price Hits New High

Table Of Contents

1. Ashok Leyland Share Price Hits New High

2. Stock Outperforms Market in One Month

3. Management Confident About H2FY26 Growth

4. Industry Trends Support Truck Demand

5. Brokerages Stay Positive on Long-Term Outlook

6. Diversification and Exports to Drive Future Growth

Read More: Volvo Launches 14-Tonne FL Electric Truck for City Work

On Friday, Ashok Leyland's share price touched a new high of ₹164.75 during intra-day trading on the BSE. The stock gained nearly 3% in the session and continued the 2% rise seen on the previous day. This level was higher than its earlier peak of ₹164.50 seen on December 2, 2025. During the same time, the BSE Sensex was up only 0.38%, showing how strongly Ashok Leyland outperformed the market.

Stock Outperforms Market in One Month

In the past month, Ashok Leyland shares have jumped 16%, while the Sensex moved up just 0.82%. The stock also became the top gainer among automobile stocks during this period. Due to this sharp rally, the company’s market cap touched around ₹96,782 crore in intra-day trade. This strong move reflects positive sentiment around Ashok Leyland trucks and its wide presence in the commercial vehicle space.

Management Confident About H2FY26 Growth

Ashok Leyland management remains positive about growth in the second half of FY26, from October to March. The company expects better demand due to a GST rate cut and improving mood in both MHCV and LCV segments. Demand is expected to rise after the monsoon, especially for heavy-duty trucks used in mining, construction and logistics.

Industry Trends Support Truck Demand

The Indian commercial vehicle market is feeling more hopeful about FY26. The economy is not under too much pressure, loan interest rates are slowly easing, and the government is still spending money on roads, highways and other infrastructure work. Because of this, truck demand is starting to move in the right direction again.

In its FY25 annual report, Ashok Leyland said that buying activity in rural areas is improving and city consumption is also picking up after a dull phase. The company also pointed out that higher government capital spending can help increase vehicle sales. According to Ashok Leyland, these factors together can support better growth for commercial vehicles in the coming months.

Brokerages Stay Positive on Long-Term Outlook

Brokerage firms remain positive on Ashok Leyland’s long-term prospects. InCred Equities believes better profitability for truck operators and improved load availability can drive a two-year uptrend in CV demand. Axis Direct expects Ashok Leyland to maintain strong market share in MHCV at around 31.1%, with an improving share in the LCV segment as well. Growth in electric truck and alternative fuel options is also adding confidence.

Diversification and Exports to Drive Future Growth

Analysts feel Ashok Leyland’s diversified portfolio, focus on premium vehicles and growing export volumes can support steady growth. The company is expected to see around 5% long-term volume growth, helped by non-cyclical businesses. With strong positioning in truck, pickup truck and electric truck segments, Ashok Leyland trucks are seen well placed for sustainable growth in the coming years.

Also Read: Tata Motors Brings Festive Cheer with Bharat Ki Doosri Diwali Offers

---

Frequently Asked Questions on Commercial Vehicles

Q1. What types of commercial vehicles does Ashok Leyland make?

Ans. Ashok Leyland makes heavy trucks, light commercial vehicles, buses and special-purpose vehicles for transport, construction, logistics and public mobility use.

Q2. Is Ashok Leyland strong in the light commercial vehicle segment?

Ans. Yes, Ashok Leyland light commercial trucks are popular for last-mile delivery, small businesses and city transport due to good mileage and durability.

Q3. Does Ashok Leyland work on electric commercial vehicles?

Ans. Ashok Leyland is developing electric trucks and alternative fuel vehicles to meet future emission norms and the growing demand for cleaner transport solutions.

Q4. Are Ashok Leyland vehicles used outside India?

Ans. Yes, Ashok Leyland exports commercial vehicles to many countries across Asia, Africa and the Middle East, supporting its global business growth.

---

Join us for the latest updates on the Truck Industry -

☞  Facebook 

☞  Instagram

☞  YouTube

☞  Twitter

☞  LinkedIn

☞  Threads

Join Our WhatsApp Channel