Ashok Leyland is expecting commercial vehicle (CV) sales to pick up in the remaining months of the current fiscal year after witnessing huge decline in volumes in the first half owing to the coronavirus pandemic. The CV major, which reported a consolidated net loss of Rs 96.23 crore in the second quarter ended September, has kept its capex plans intact for the current fiscal.
Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.
