The commercial vehicle segment continues to remain strong on the back of factors like normal monsoon, improved rural sentiments and investment in infrastructure
CV and tractor segments should have a strong run going forward given the government’s focus on the rural economy in an election year and its continued investment in infrastructure.
We see numerous tailwinds for the company such as more organised players in the economy, strong exports, its defence strategy and focus on electric vehicles (EVs).
We have a distinct plan for EVs, as distinct as Euro-VI, said Vinod Dasari, , MD & CEO, Ashok Leyland.
The company has capabilities across emission norms, be it BSIV, BSV, BSVI and also have capabilities in terms of technologies, said Gopal Mahadevan, CFO, Ashok Leyland.
PINC Research has come out with its report on automobile monthly sales update. The research firm is positive on the two wheeler industry and recommends to buy Bajaj Auto and accumulate Hero MotoCorp (HMCL), in its January 04, 2012 research report.
Fairwealth Securities has come out with its six investment ideas for the year 2012. Axis Bank, Ashok Leyland (AL), Bajaj Electricals (BEL), KPIT Cummins, Jindal Steel and Power (JSPL) and Shasun Pharma are the few portfolio bets for the current year 2012.