Ashok Leyland May Sales Decline 4% Amid Weak M&HCV Bus Volumes

Ashok Leyland reported total vehicle sales of 14,923 units in May 2026, down 4 per cent year-on-year from 15,484 units recorded in the same month last year, as weaker performance in the medium and heavy commercial vehicle (M&HCV) segment offset gains in light commercial vehicles (LCVs).

Combined domestic and export M&HCV sales declined 13 per cent year-on-year to 8,966 units in May, compared to 10,282 units a year ago. Within this, M&HCV truck sales fell 4 per cent to 7,331 units, while bus volumes declined 39 per cent to 1,635 units.

The LCV segment recorded growth during the month, with sales increasing 15 per cent year-on-year to 5,957 units from 5,202 units in May 2025.

In the domestic market, total vehicle sales stood at 14,148 units, down 3 per cent compared to 14,534 units in the corresponding month last year. Domestic M&HCV volumes fell 11 per cent to 8,320 units, impacted by a 35 per cent drop in bus sales, while truck sales declined 5 per cent.

For the year-to-date period, cumulative total vehicle sales, including exports rose 2 per cent to 29,569 units, compared to 28,905 units in the previous year period. Domestic cumulative sales increased 5 per cent to 28,390 units.

LCVs remained the primary growth driver on a cumulative basis as well, with combined domestic and export sales rising 15 per cent year-on-year to 12,301 units during April-May 2026.