Ashok Leyland’s volume is expected to grow 15-20% in FY23. They gained market share in the truck segment (32.3% in Q2 FY23 vs 22.2% in Q2 FY22). The demand pick-up in LCV segment (expected to grow by 30-35% in FY23) is strong, driven by e-commerce & opening up of schools & colleges. The company is also focusing on EVs & them to form a large part of business in the coming years.
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