Ashok Leyland reported a net loss of ₹19 crore for the quarter ended December 31, 2020 mainly due to a one-time VRS cost of ₹85 crore. The CV major had reported a net profit of ₹28 crore in the year-
The Finance Minister has unveiled a well-thought-out budget anchored by six key pillars. This could set out a virtuous cycle for growth and job creation, propped up by a a thrust on public investment in infrastructure and health. The key will be in effective implementation, according to Vipin Sondhi, MD & CEO, Ashok Leyland. The Union Budget 2021 has several positive signals for the manufacturing sector and Commercial Vehicles (CV), which are core to the economy, said Sondhi, while mentioning four specific areas that he feels could provide the much needed demand impetus to the CV sector. The first of these is the commitment to augment the country s road infrastructure with projects for building 8,500 km of highways and economic corridors augurs well for surface and road transport, he explained.
Union Budget 2021 | Automotive sector welcomes vehicle scrappage policy
Updated:
Updated:
Industry leaders expect it to boost demand for new vehicles, help environment
Share Article
AAA
Vehicles would undergo fitness tests in automated fitness centres after 20 years in case of personal vehicles (PV), and after 15 years in the case of commercial vehicles (CV). File Photo.
Industry leaders expect it to boost demand for new vehicles, help environment
Leading players in the Indian automotive sector have welcomed the Centre’s move to separately announce a voluntary vehicle scrapping policy to phase out old and unfit vehicles.
While tabling the Union Budget for 2021-22,