Large-sized orders reflect the acceptance of made-in-India automobiles both in the commercial and passenger segments, mainly on home-grown technological platforms
The management remains optimistic about outperforming industry growth, supported by a robust pipeline of new products, stronger aftermarket business, and favourable regulatory developments
The company has lined up plans to enter four different markets in South East Asia this year and has already forayed into the Philippines, with plans to enter Malaysia
Ashok Leyland has given a return of 18.13 percent in 2023, outperforming the benchmark Nifty 50, which has gained around 8.54 percent during the period
Ashok Leyland also partnered with Delhi Government’s initiative Mission Parivartan, to train 180 women and many of them have now been employed as bus drivers with the Delhi Transport Corporation.
Sales of tippers and long haul trucks indicate that infrastructure projects are gaining traction
According to the Indian Foundation of Transport Research and Training, truck rentals and fleet utilisation in October 2020 rose in double-digits
The agency's projection indicates that delinquencies in tractor loans of recent vintages will stay close to the worst levels seen recently, it said. However, the improved industrial activity resulting in improved freight demand is expected to help mitigate the overcapacity built in the commercial vehicle (CV) sector.
In an interview with CNBC-TV18‘s Latha Venkatesh and Sonia Shenoy, Prashant Jain, Executive Director & Chief Investment Officer, HDFC Mutual Fund said the economy was close to bottoming out, and both interest rates and inflation have peaked.