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.
IIT Palakkad project for innovation, incubation
Updated:
Updated:
Six-day boot camp for engineering students from Wednesday
Share Article
Six-day boot camp for engineering students from Wednesday
The Indian Institute of Technology (IIT), Palakkad, is set to launch an ambitious project named Technology Innovation Foundation of IIT Palakkad (TECHIN) as a vehicle for innovation, incubation and start-up activities.
Infosys co-founder Kris Gopalakrishnan will inaugurate the TECHIN at 8.30 a.m. on Wednesday. The launch will also mark the opening of a six-day innovation camp titled ‘Innodeate Bootcamp’ organised by the CSquare Innovation Centre, IIT Palakkad. The camp will be for students who have completed at least the first year of engineering.
BW Businessworld
Gearing Up For The Future
India s commercial vehicles industry s struggle with overcapacity, subdued may not end anytime soon. But the rough road to recovery is getting shorter freight availability, financing issues, the pandemic and lockdown rather than longer as demand shows an uptick in volumes
Photo Credit :
No industry mimics the health OF THE economy as closely as the automotive sector, especially the commercial vehicles (CV) segment. And with a slowdown gripping the Indian economy over the past two years, it is hardly surprising that the CV industry, which until 2018 was booming with India as the world s third largest market and the fastest-growing globally, has slid into its worst recession in a decade.