Ashok Leyland, a leading vehicle manufacturer in India, is targeting single-digit growth in the medium and heavy commercial vehicle (MHCV) segment for the current financial year. The President of Ashok Leyland's MHCV division, Sanjeev Kumar, expressed optimism due to the economic recovery and the company's strong market share of around 30 percent in the MHCV segment. With a focus on the eastern market where they hold a 25 percent market share, Ashok Leyland aims to leverage the improving economy for growth. In addition to conventional fuels, the company is actively exploring alternative fuels like LNG and hydrogen. Kumar emphasized the importance of infrastructure development to support the increased adoption of vehicles running on alternative fuels. While electric buses receive government subsidies, making them more viable, the lack of similar incentives for electric trucks poses a challenge for their commercial feasibility. The MHCV segment is vital for Ashok Leyland, contributing to approximately 60 percent of the company's overall revenue. Within the passenger vehicle category of MHCV, Ashok Leyland leads the market in the bus segment with a 40 percent market share nationwide. The company's strategic focus on market share, economic recovery, and diversification into alternative fuels underscores its commitment to sustainable growth in the commercial vehicle market.