Mumbai: Ashok Leyland Ltd, India’s second largest bus and truck maker, is reducing its dependence on heavy vehicles. By 2020, trucks and buses will account for only one-third of the firm’s business, managing director R. Seshasayee said.
“...In a manner of (a) decade...medium heavy duty vehicles, which is now about 70% of our total business, would have shrunk to about one-third of our total business,” he said.
The rest of the business will come from light commercial vehicles, defence, engines, technology and construction.
As for declining volumes, he said the worst was over. In six-eight months “we would begin to see purchase and replacement programme beginning to take place quite aggressively.”