Ashok Leyland (AL) is targeting a 25% market share in the light commercial vehicles (LCV) segment. The company plans to achieve this by launching new products and expanding its dealership network in growth markets, particularly in Western India. This year, AL intends to introduce new passenger LCVs and expand its offerings in the goods segment, an area where it currently lacks presence. This includes entering the bio-fuel segment (CNG plus petrol) in FY27, which is in demand in states like Gujarat and Maharashtra. AL’s market share is at 20%.