The company targets 18,000 export units in FY26 and 25,000 midterm, driven by 45% Q2 growth and strong global bus demand.
Ashok Leyland management has set ambitious targets for its export business, aiming for an annual volume of 18,000 units in the current financial year (FY26). Looking further ahead, the midterm target, spanning the next two to three years, is a formidable 25,000 units per year, the company stated during a post results conference call with the media This aggressive forward guidance is underpinned by substantial recent performance gains. In the second quarter of FY26, the company’s International Business CV Volume stood at 4,784 units, marking a 45% jump year-on-year compared to the 3,310 units sold in Q2 FY25. This robust momentum translated across the first half of the year, where total export volume reached 7,795 units, representing a 38% increase from the previous year's 5,644 units. Exports are currently one of the businesses performing very well, clocking a growth rate of over 35% Shenu Agarwal, MD and CEO of Ashok Leyland stated that this surge in demand for commercial vehicles internationally has been broad-based, with all the company’s core foreign markets performing strongly. Notably, the company reported a significant uplift in bus volumes, driven primarily by robust demand in the Middle East, which remains a key market for buses. Furthermore, bus volumes have also started to pick up in Sri Lanka.
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