Ashok Leyland Eyeing E-Commerce, Mining, Construction to Drive 2026 Sales in India

Hinduja Group-backed Ashok Leyland, which has just re-entered the Medium and Heavy Commercial Vehicles (MHCV) segment in India, sees construction, mining and e-commerce as significant to driving its sales in the country in 2026, a top company official has said. 

"Construction and mining is one area which is really growing. Then, there is e-commerce. These areas are where we see the highest traction coming from," Sanjeev Kumar, President, M&HCV at Ashok Leyland, told ACKO Drive on the sidelines of the launch of the HIPPO and TAURUS truck range in New Delhi.

The commercial vehicle (CV) manufacturer is witnessing a geographic shift in commercial vehicle requirements as online retail penetrates deeper into the country. E-commerce logistics, which was once dominated by tier I cities, has expanded its footprint to smaller markets, driving consistent demand for last-mile delivery vehicles across previously underserved regions.

"We are seeing that there was high demand from e-commerce sector in tier I cities and that has gone to tier II and tier III cities," Kumar added.

A multi-pronged industrial activity is creating sustained demand for heavy commercial vehicles, tippers, and specialised mining equipment.

"You see, there is growth in cement industry, there is growth in steel. And they are also opening up a lot of mining sets, especially coal. We are seeing huge allocation of coal blocks. Overall, I think a lot of action is happening in the mining sector."

Notably, Ashok Leyland has just revived its legendary heavy-duty truck ranges — TAURUS and HIPPO — launching them in the MHCV segment with upgraded powertrains, chassis platforms, and technological features tailored for the mining, infrastructure development and construction sectors.

The CV manufacturer in November 2025 had announced a standalone net profit of ₹771.06 crore for the second quarter (Q2) of FY26, recording a marginal growth of 0.13 per cent.

Ashok Leyland's revenue from operations in Q2FY26 climbed 9.3 per cent to ₹9,588.18 crore from ₹8,768.83 crore year-on-year (YoY).

Both the MHCV and LCV segments witnessed positive growth in Q2. Ashok Leyland's volume in Q2 saw a jump of 3 per cent in MHCV from 25,542 to 26,307 units, and 6 per cent in the LCV segment, from 16,629 to 17,697 units, on YoY basis.

Ashok Leyland's domestic MHCV market share continues to be over 30 per cent.