Ashok Leyland's stock took a hit, falling up to 7% on Wednesday, April 1, 2026 after the company's March sales numbers didn't meet market expectations.
While total vehicle sales grew 5% year-over-year to 25,381 units, this was well below the CNBC-TV18 poll's projected 15% jump.
Ashok Leyland trucks up busses down
Truck sales were up 11%, but bus sales slid by 24%, and overall growth has slowed compared to previous months.
Light commercial vehicles saw a decent bump of 12%.
After the news, shares were trading at ₹151.75, quite a drop from their recent high of ₹215.75, showing investors are feeling cautious about what's next for the company.