India, Aug. 14 -- Chennai-headquartered commercial vehicle major Ashok Leyland has reported its record performance in Q1 FY2026, with highest ever Q1 wholesales at 44,238 units and Q1 revenue of INR 87.25 billion.

Furthermore, the company also reported its highest EBITDA at INR 9.7 billion, up 6.47 percent YoY and profit after tax of INR 5.94 billion, 13 percent YoY. The company shared that it was able to grow M&HCV volumes by 2 percent, which enabled it to increase its market share from 28.9 percent to 30.7 percent in Q1 FY2026. This was despite the domestic M&HCV segment remaining flat.

Its M&HCV Bus TIV (excluding EVs) grew by 5 percent, thus further strengthening its domestic market leadership position in the MHCV bus segment.

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