CV industry showing resilience, not much impact of fuel price hike on demand: Ashok Leyland MD

The Indian commercial vehicle sector shows remarkable strength. Fuel price increases from the West Asia conflict have not significantly impacted demand. Lower GST rates and the replacement of old vehicles are driving sales. Ashok Leyland expects continued strong performance in April and May. Operations in the UAE are normalizing after initial war-related disruptions.

Raccontata daeconomictimes.indiatimes.com