Bengaluru, July 1 -- India's commercial vehicle cycle is holding up firmly, and one of the country's largest CV manufacturers has delivered a strong June with truck demand continuing to outpace expectations even as the industry navigates diesel availability concerns and rising commodity costs in the early part of the new fiscal year.

With a market capitalization of Rs.95,538crore, the shares of Ashok Leyland Limited were trading at Rs. 165 per share, up by 5 percent from the previous day's closing of Rs. 157, and it is trading at a P/E of approximately 25x.

Sales Update

Ashok Leyland reported domestic sales of 17,912 units in June 2026, up 26% from 14,184 units in the same month last year. The growth was led by a sharp recovery in M&HC...