Updated Jan 20, 2021 | 20:10 IST
The company’s UK arm, Switch Mobility, is focusing exclusively on EVs, namely buses and E-LCVs.
Representational Image | Photo Credit: BCCL
In discussion with ET NOW, Vipin Sondhi, MD & CEO, Ashok Leyland discussed the demand levels, scrappage policy and company’s international focus. He mentioned that the CV cycle is bottoming out and demand is still far away from the peak 2 years ago. However, the demand is slowly returning to previous year’s and LCVs are gaining traction faster, possibly boosted by e-commerce.
The Tippers segment has also been recovering due to pick up in construction activity; 4W & 2W sales have increased and bus sales have decreased due to preference for personal mobility. Sondhi mentioned that RM price increase will certainly have an inflationary impact and CV sector will have to calibrate on what the customer can afford.