As of July 2025, 51.52% is owned by Foreign Promoters and 48.48% by Public.

Institutional holds 37.63% (Insurance Companies 5.41%) and Non-Institutional holds 10.77% as Public shareholders.

Top four Promoters holding highest number of shares of Ashok Leyland company are Hinduja Automotive Limited (20388.57 lakhs shares / 35.00%), Jp Morgan Chase Bank, Na (6584.00 lakhs shares / 11.30%), Hinduja Bank (Switzerland) Ltd

(Beneficiary - Hinduja Automotive Limited) (2898.08 lakhs shares / 4.97%) and Hinduja Foundries Holding Limited (142.55 lakhs shares / 0.24%).