Ashok Leyland posted a very strong set of earnings in Q3 as revenue growth was led by volume growth, which was seen due to a revival in buying decisions post goods and services tax (GST). In an interview with CNBC-TV18, Gopal Mahadevan, CFO of Ashok Leyland discussed the fine-print of their earnings.
Medium and heavy commercial vehicles (MHCV) industry seems to have turned the corner, he said.
January was a pretty good month and it looks like even February and March will be reasonably firm. So it looks like, the demand is going to be good till end of the year, he added.
Typically April and May, may not be great months because there is a little bit of exhaustion in the system but given the level of infrastructure spending that is going to happen, we are reasonably positive about the MHCV industry, said Mahadevan.For more, watch accompanying video...