Ashok Leyland reports 27% January sales increase driven by surging heavy truck demand and urban delivery vehicles, though bus segment declines amid strong overall industrial momentum and year-to-date growth trajectory.
01 Feb 2026 | 182 Views | By Shahkar Abidi
Ashok Leyland started the new year on a high note, reporting a 27% increase in total vehicle wholesales for January 2026 compared to the same period last year. The Chennai-based commercial vehicle giant, a flagship of the Hinduja Group, benefited from a significant spike in demand for heavy-duty trucks, signaling ...
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Ashok Leyland started the new year on a high note, reporting a 27% increase in total vehicle wholesales for January 2026 compared to the same period last year. The Chennai-based commercial vehicle giant, a flagship of the Hinduja Group, benefited from a significant spike in demand for heavy-duty trucks, signaling continued momentum in industrial activity and infrastructure development.
The company’s performance was driven primarily by its Medium and Heavy Commercial Vehicles (M&HCV)—the large trucks and haulers that serve as the backbone of national logistics. In the domestic market, M&HCV truck sales skyrocketed by 45%, jumping from 7,839 units in January 2025 to 11,359 units in 2026. When including exports, the truck segment maintained a strong 43% growth rate.
However, the bus segment, which includes vehicles used for public transit and staff transport, faced a slowdown. Total M&HCV bus sales (domestic and exports) fell by 22%, dropping from 3,115 units last year to 2,420 units this January.
In the Light Commercial Vehicle (LCV) segment—smaller trucks and vans typically used for “last-mile” urban deliveries to homes and retail stores—the company saw healthy gains. Domestic LCV sales rose 33% to 7,246 units. This suggests that the e-commerce and local distribution sectors remain hungry for fleet expansion.
Across all categories, Ashok Leyland moved 21,920 total vehicles this month, up from 17,213 in January 2025. On a cumulative basis (year-to-date), the company is maintaining a steady trajectory with 13% growth, having sold 172,899 units so far compared to 153,134 in the prior period.