In an interview with Shine Jacob, Agarwal also talks about the company's capital expenditure (capex), funding plans in electric vehicle (EV) arm Switch and growth in bus sales. Edited excerpts:
There were expectations that CV sales would be affected because of the ongoing Lok Sabha polls., What is the trend on the ground?
Around DecemberJanuary, there was this huge sentiment that there would be some high base effect, some tapering down of the industry because of a negative cycle and the impact of elections. The general view in the industry was that in the first half, it may see some degrowth, in the range of 1015 per cent.
Some reports said that, overall for the year, the industry will be negative in the range of 4-7 per cent.
Ashok Leyland felt that there is no indication of a downfall in the industry.
This story is from the May 07, 2024 edition of Business Standard.
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This story is from the May 07, 2024 edition of Business Standard.
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