**STOCK IN FOCUS: ASHOK LEYLAND**  

India’s commercial vehicle sales are projected to grow 3-5% in FY26 after a flat FY25 due to election-related demand slowdown.  

Growth will be fueled by infrastructure projects, rural demand, and fleet replacements, as per ICRA.  

#AshokLeyland #CommercialVehicles #ICRA #Infrastructure #FleetReplacement #StockInFocus