Speaking to Business Standard, Sanjeev Kumar, president (MHCV), Ashok Leyland, said as of now first quarter sales growth was around 8 per cent, driven by demand for buses.
"Large state transport corporations that had not bought buses for almost two years are placing orders. The budgets are available. They are trying to replace the fleet," Kumar said.
He further added: "We will see some growth this year too. The numbers need to be seen in perspective of the base. If we achieve single-digit growth over last year, when the industry sold close to 400,000 units, we will surpass the peak sales of FY19."
Ashok Leyland posted 8 per cent growth in M&HCV sales in Q1FY25 to 26,214 units.
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