1 year ago
Ashok Leyland Open to Alliances, Sees Growth in CV Segment
Ashok Leyland, a truck and bus maker, is open to partnerships with other companies to improve its technology or reach new markets.
They are currently focused on India, using it as a base to sell vehicles worldwide.
The company believes the slow period for commercial vehicle sales is ending, expecting the market to grow this year.
They are also working on the listing of Hinduja Leyland Finance, which is now expected later than initially planned.
Ashok Leyland is open to alliances, particularly for technology or market reach, but not equity relationships.
The company is optimistic about the commercial vehicle segment's growth, expecting single-digit growth this year.
Dheeraj Hinduja sees the slow growth of the CV segment ending.
Ashok Leyland is focused on expanding its position in India and using it as an export base.
Hinduja Leyland Finance listing is now expected in Q1FY27.
- Who
- Ashok Leyland, Dheeraj Hinduja
- What
- Ashok Leyland is open to forming alliances and expects growth in the commercial vehicle segment.
- Where
- India, global markets
- When
- FY26, Q1FY27
- Why
- To expand its market reach and enhance technology.
Equity Alliances
Non-Equity Partnerships
Alliance Strategy
Equity Alliances
Focus on equity alliances for stronger, deeper relationships.
Non-Equity Partnerships
Ashok Leyland is primarily focused on non-equity alliances for technology and market reach, avoiding equity relationships at the moment.
Key facts
- Commercial Vehicle Growth (Expected)
- Single-digit
- HLF Listing (Expected)
- Q1FY27
- Areas for Alliances
- Technology, Market Reach
- Focus
- India as export base
Quotes
Dheeraj Hinduja
Executive chairman, ALL
“So, even though the number of units might not be increasing, or if they don’t reach the previous record high, I do believe that the freight movement is higher, and definitely, bus sales are higher.”
financialexpress.com
“I am quite convinced that the competitiveness of the Indian products is now much more accepted in global markets where we play or where we want to play.”
financialexpress.com
