Track how many active mutual funds hold commercial vehicle stocks in India. Monthly data shows where institutional conviction across Ashok Leyland, BEML, Escorts Kubota, SML Isuzu and Tata Motors is rising or falling.
📅 Updated Jul 2026 · Index funds and ETFs excluded
| # | Stock Name | Apr | May % | Jun % | Jul % | Jul 2026 Funds | Overall % | AUM (₹ Cr) |
|---|---|---|---|---|---|---|---|---|
| 1 | Tata Motors LtdAgricultural, Commercial & Construction Vehicles | 145 | -4.8% | +1.4% | -2.9% | 136 | -6.2% | 11,540 |
| 2 | Ashok Leyland LimitedAgricultural, Commercial & Construction Vehicles | 93 | -2.2% | +5.5% | -7.3% | 89 | -4.3% | 7,673 |
| 3 | Escorts Kubota LimitedAgricultural, Commercial & Construction Vehicles | 37 | -16.2% | -6.5% | -13.8% | 25 | -32.4% | 2,771 |
| 4 | BEML LimitedAgricultural, Commercial & Construction Vehicles | 18 | 0% | 0% | 0% | 18 | 0% | 2,100 |
| 5 | Ajax Engineering Ltd.Agricultural, Commercial & Construction Vehicles | 14 | -7.1% | -7.7% | -8.3% | 11 | -21.4% | 362 |
| 6 | SML Mahindra LimitedAgricultural, Commercial & Construction Vehicles | — | — | — | +150% | 10 | — | 121 |
Commercial vehicle stocks include manufacturers of trucks, buses, construction equipment, and heavy machinery used in freight, mining, and infrastructure projects. Key names tracked by funds include Ashok Leyland and Tata Motors in heavy trucks, BEML in defence and mining equipment, and SML Isuzu in light commercial vehicles. This segment is closely tied to government infrastructure spending, freight demand, and the overall industrial capex cycle in India.
Rising fund counts over four months signal growing institutional conviction. Cross-reference individual fund portfolios on our top stocks page or explore full holdings via the funds directory.
India massive infrastructure push — highways, ports, railways, and urban metro projects — is driving strong demand for construction equipment and heavy trucks. Government capital expenditure has been running at record levels, benefiting companies like BEML and Ashok Leyland. Rising freight volumes tied to e-commerce and manufacturing growth are supporting truck replacement cycles. Fund managers view CV stocks as high-beta plays on India economic cycle.
For context on SEBI disclosure requirements, refer to AMFI India. For regulatory guidelines, visit SEBI India. Explore broader holding trends using our market cap categories page.
No — all counts exclude index funds, ETFs, and fund of funds. Only actively managed equity mutual funds are counted. Index funds mechanically hold stocks in proportion to index weight — their holdings do not reflect active manager conviction. By excluding them, fund counts here more accurately represent where professional stock pickers are actively building or reducing positions in India commercial vehicle stocks.
To explore individual fund portfolios, visit the funds directory or use the SIP calculator to plan investments in funds with high auto and infrastructure sector exposure. For a broader market view, see our AAUM data page.