Commercial vehicle manufacturer Ashok Leyland Ltd. (ALL) is betting on three levers — LCVs, buses and the defence sector — to steer through the current challenging times, and emerge stronger, said a top official.
“As we move to achieve our vision, the Light Commercial Vehicle (LCV) business will be our first lever of growth. The new LCV range is slated for introduction on September 14. After the launch, ALL is poised to address 65% of total LCV industry volume in India from the present 40%,” said chairman Dheeraj Hinduja, while addressing shareholders at the 71st AGM.
The second area of growth would be the bus segment. The company plans to launch a new range of buses, aimed at greater presence in its traditional SAARC, Central Asia and Africa markets as well as in ASEAN, which will be its new thrust area.
Defence would be the third lever to spur ALL’s growth, Mr. Hinduja said. As one of the largest providers of logistics vehicles to the armed forces, “ALL will continue to position mobility products and solutions in an accelerated manner.”
In addition, the company is evaluating the feasibility of new opportunities afforded by recent government announcements, he said. ALL has also drawn up ambitious plans for a global play in the EV segment for both the passenger vehicles and LCVs.
You have reached your limit for free articles this month.
To get full access, please subscribe.
Already have an account ? Sign in
Show Less Plan
Subscription Benefits Include
Today's Paper
Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list.
Faster pages
Move smoothly between articles as our pages load instantly.
Unlimited Access
Enjoy reading as many articles as you wish without any limitations.
Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.
Personalised recommendations
A select list of articles that match your interests and tastes.
Briefing
We brief you on the latest and most important developments, three times a day.
*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.
A letter from the Editor
Dear subscriber,
Thank you!
Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.
The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.
We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.
Suresh Nambath
