The overall market sentiments for M& HCV is positive. Some major factors impact this positive scenario like Crude oil price come down. Last couple of months brought multiple good news for Ashok Leyland in sales, export and profit. Ashok Leyland double its sales in M&HCV segment. M&HCV segment sales directly correlated to country overall economy and GDP growth. With latest development operating cost of the vehicle come down, fleet owners profit has increased, resulted increased in sales. Ashok Leyland has cut the cost of every corner of its expenses, Company management has done it in most effective way. Announcement of new infrastructure projects, increase in rail freight, has also help to increase Trucks sales in India.
Source: Autobei
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