• Price realization efforts: Ashok Leyland implemented cumulative price increases of 2.5% to 3% in the MHCV segment and slightly higher in LCVs to counter commodity cost pressures, with plans to further optimize discounts and pricing in Q2.
• CV industry outlook: Supported by strong momentum in July and fleet replacements, the company projects the MHCV industry to grow in high single digits in FY27, with the LCV segment expected to deliver even higher growth.
• Electric vehicle progress: Switch Mobility captured a 40%+ market share in the 2 to 3.5-ton ELCV category, led electric bus market share, and achieved PAT positivity in FY26 while investing in a dedicated battery pack manufacturing facility.
• Capital allocation strategy: The company is utilizing surplus balance-sheet cash to invest ₹500 crore in Hinduja Housing Finance through a secondary share purchase, while progressing toward listing Hinduja Leyland Finance in the coming quarters.