Ashok Leyland sees demand recovery in intermediate commercial vehicles
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Mumbai, Oct. 22 -- An increase in consumption of essential goods and an uptick in industrial production in the build up to the festive season is beginning to drive demand recovery for the intermediate commercial vehicle or ICV segment, a senior executive at Ashok Leyland Ltd told Mint.
"Increased consumption of fast moving consumer goods (FMCG), perishable items like fruits, vegetables and other agricultural produce, poultry, e-commerce, uptick in demand for white goods and outbound logistics including transportation of automotive parts, two-wheelers, among others are the key demand drivers for the ICV segment," said Anuj Kathuria, COO, Ashok Leyland.
He added that recovery in the short term is being seen in the ICVs across the tipper a...
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