What is Citi's current rating for Ashok Leyland?

Citi has maintained a 'buy' rating on Ashok Leyland.

How much did Citi increase Ashok Leyland's target price?

Citi raised its price target for Ashok Leyland by 10 percent.

What factors are influencing Citi's positive outlook on Ashok Leyland?

A stronger demand outlook and cuts in Goods and Services Tax (GST) rates are influencing Citi's positive view.

Home / Business and Economy / Citi Bullish on Ashok Leyland: Buy Rating Maintained

Citi Bullish on Ashok Leyland: Buy Rating Maintained

23 Dec

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Summary

Citi maintained its buy rating on Ashok Leyland stock.
Brokerage firm raised its price target by 10 percent.
Slightly stronger demand and GST rate cuts support outlook.

Global brokerage firm Citi has affirmed its positive stance on Ashok Leyland, maintaining a 'buy' rating for the Hinduja Group company. The firm has further boosted investor confidence by increasing its price target for Ashok Leyland shares by 10 percent. This adjustment signifies a positive outlook for the automotive manufacturer.

Citi's decision stems from minor upward revisions to their volume forecasts. These adjustments are supported by an expectation of slightly stronger market demand. The firm also noted that recent cuts in Goods and Services Tax (GST) rates are contributing to this more optimistic scenario.

As of December 23, 2025, the market is reacting to this news. Citi's refined outlook suggests a potentially favorable period ahead for Ashok Leyland, driven by both anticipated demand and supportive fiscal policies that could stimulate the automotive sector.