Ashok Leyland is set to sustain momentum after gaining 25% on bourses for three months due to market share growth. The CV maker, India’s second largest, expanded its operations in North and Central India, saw its market share rise in several segments and grew its outlet network. Ashok Leyland plans to gain 35% of its market share in the next two years, with improving volumes and growing profitability. Despite easing discounting pressure, the company may also unlock potential value from EV subsidiary Switch Mobility and Hinduja Leyland Finance.
