Ashok Leyland South Indian Bank MOU: Under this partnership, the Bank will provide competitive dealer finance options to the dealers of Ashok Leyland Limited.
The managment is confident and optimistic about the growth of the CV industry in the medium and long term as macroeconomic factors continue to be favorable.
The demand for buses largely remained robust in 2023, driven by the increasing need for public mobility and replacement.
Ashok Leyland Limited (ALL) recorded a 64 per cent year-on-year increase in sales of medium and heavy commercial vehicle (MHCV) buses during the April-to-December period of 2023 to 11,216 units.
Volvo Eicher Commercial Vehicles (VECV) posted 24.7 per cent sales growth between April and December for light and medium-duty buses, and 36.9 per cent growth for heavy-duty buses.