Ashok Leyland Accelerates Global Expansion: Sets 25,000 Export Target on Record Growth Momentum

Key Highlights:

• FY26 export target: 18,000 units

• Midterm goal: 25,000 units

• 45% YoY export growth in Q2 FY26

• Strong bus demand in the Middle East

• Exports up 38% in H1 FY26

Ashok Leyland, one of India’s leading commercial vehicle manufacturers, has set bold goals for its export business as it continues to strengthen its global footprint.

Company Sets Ambitious Export Targets

The company aims to export 18,000 units in FY26 and has set a midterm goal of 25,000 units per year over the next two to three years. This strategic vision reflects Ashok Leyland’s growing international demand and confidence in its global markets.

During the post-results conference call, company management highlighted that exports have become one of the best-performing segments in recent quarters.

Remarkable Export Growth in FY26

Ashok Leyland’s export performance has seen significant improvement. In the second quarter (Q2 FY26), the company’s international commercial vehicle (CV) volume reached 4,784 units, marking a 45% increase compared to 3,310 units in Q2 FY25.

In the first half of FY26, the total export volume rose to 7,795 units, up 38% from 5,644 units in the same period last year. Overall, the company’s export business has recorded a growth rate of over 35%, indicating a strong upward trend.

Rising Global Demand for Buses

According to Shenu Agarwal, Managing Director and CEO of Ashok Leyland, the surge in international demand for commercial vehicles has been broad-based, with strong performance across all major foreign markets.

The Middle East has emerged as a key driver, showing robust demand for buses, while Sri Lanka is also witnessing a positive turnaround with rising bus sales. These developments have played a major role in boosting the company’s export performance.

Future Outlook

With steady growth in exports and improving demand in global markets, Ashok Leyland is well-positioned to achieve its short- and mid-term goals. The company’s focus on strengthening its international business, especially in high-demand markets like the Middle East, reflects its commitment to becoming a leading global player in commercial vehicles.

Also Read: Ashok Leyland Moves UK Electric Bus Production to UAE’s Ras Al Khaimah for Better Efficiency and Market Reach

CMV360 Says

Ashok Leyland’s export performance shows strong momentum with rising global demand, especially in buses. The company’s ambitious goals of 18,000 exports in FY26 and 25,000 in the midterm reflect confidence in its international growth strategy and expanding presence across major markets like the Middle East and Sri Lanka.