Ashok Leyland Ltd.: 3 reasons why this midcap auto stock may enter the fast lane

February 15, 2021 0 By boss


ET Intelligence Group: The demand in the light, and medium and heavy commercial vehicles (LCVs and MHCVs) is gradually picking up with the increase in economic activities. Ashok Leyland, the country’s only pure-play CV maker, is expected to be a major beneficiary of this given its product mix, rising focus on the fast growing LCV segment and receding debt burden. The CV segment has been reporting a gradual turnaround following rising freight


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