National : Ashok Leyland, the Indian flagship of the Hinduja Group, reported a record Q1 with highest ever CV volumes of 44,238 units and highest ever Q1 revenue of Rs. 8,725 Cr.  The company also reported its highest EBITDA and PAT, of Rs.970 Cr (PY 911 Cr) & Rs 594 Cr (PY 526 Cr) respectively.

Domestic MHCV industry almost remained flat on a high base of last year Q1. Ashok Leyland MHCV Truck volumes (excluding Defence) grew 2 % registering YOY market share increase from 28.9 % to 30.7%. MHCV Bus TIV (excluding EVs) grew by 5%. Ashok Leyland maintained its domestic market leadership position in MHCV buses. 

LCV domestic Q1 volume at 15,566 units were ever highest for the quarter. The Export volume in Q1 grew 29% YOY at 3,011 units. The Power Solutions, Aftermarket and Defence businesses also contributed strongly to the financial performance.

EBITDA is up at 11.1% for Q1 FY26 (at Rs. 970Cr) as against 10.6% (at Rs. 911Cr) in Q1FY25. The Company continues to be cash positive at end of Q1 FY26 at Rs. 821 Cr.

Mr. Dheeraj Hinduja, Chairman, Ashok Leyland, said “Ashok Leyland has delivered a robust Q1 performance, exceeding the expectations through effective market execution while maintaining rigorous cost management. Our electric mobility subsidiary, Switch Mobility, continues to gain good traction and has achieved positive EBITDA. We are redoubling our efforts in the international markets and Defence business. Reinforcing our product superiority and strong customer orientation, we are sharpening our focus to play a pivotal role in our industry.”

Mr. Shenu Agarwal, Managing Director & CEO, Ashok Leyland, added, “We are happy to report simultaneous increases in market share and operating margins. This reinforces our strategy to deliver profitable growth through superior products and best-in-class customer service. Our focus on growing our non-CV portfolio is also helping us deliver record performances in many quarters in a row. Our priority remains achieving mid-teen EBITDA margins in the medium term, while advancing our commitment to future-ready technologies.”