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See double-digit CV ind sales growth in FY16: Ashok Leyland

The total industry volume growth for the commercial vehicle (CV) industry in fiscal year 2015-16 will be better than the 10 percent expected this fiscal, believes Gopal Mahadevan, President –Finance and CFO, Ashok Leyland.

The total industry volume growth for the commercial vehicle (CV) industry in fiscal year 2015-16 will be better than the 10 percent expected this fiscal, believes Gopal Mahadevan, President –Finance and CFO, Ashok Leyland.

In an interview with CNBC-TV18, Mahadevan said the inventories for CV companies have gone down significantly and that he expects the fourth quarter to be better than the third quarter thanks to improving economic environment.

Ashok Leyland’s volumes were up 20 percent year-on-year and it outperformed the industry, he said, adding that its market share last year increased from 24 percent to 27.1 percent.

Also read: Eicher focuses on exports, new products as CV sales revive

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