Ashok Leyland eyes single-digit development in FY25 in MHCV

Business car maker Ashok Leyland is anticipating single-digit development in FY25 in its Medium and Heavy Business Automobiles (MHCV). The corporate has additionally seen an uptick in enquiries for electrical vans from Quick-Transferring Client Items (FMCG) and e-commerce gamers within the nation.

“The business car business grew by eight per cent within the first quarter. Final yr, the sector clocked near 4,00,000 volumes. We predict a single-digit development in FY25. The general expectation for the MHCV section is to see a pick-up from September. With good monsoon, we count on the agriculture section to do effectively,” Sanjeev Kumar, President – MHCV, Ashok Leyland, informed businessline.

The corporate is internet hosting a Mini Expo in Navi Mumbai showcasing its line-up of economic autos and buses together with 15 M Bus Chassis, Boss EV, AVTR 3522 LNG, AVTR 5525AN 4X2 AC, AVTR 4825HN AC 30FT, AVTR 4825TN HD AC, AVTR 3532TN 8X4, BOSS 1915 22FT, ECOMET 1615 8.5 CUM TIPPER, OYSTER Vi SCHOOL (53 seater), OYSTER Vi STAFF (40 seater). Other than Mumbai, the expo can be held in 10 places throughout the nation.

Whereas the corporate is seeing an uptick in electrical car demand in its MHCV, the entire price of possession continues to stay excessive. “We have now launched electrical truck within the Intermediate Business Car (ICV) vary. The problem is to match the entire price of possession as the price of EV vans may be very excessive in comparison with diesel,” he mentioned.

The corporate is anticipating to promote 500 electrical and alternate gas vans together with LNG this yr.

Bangladesh disaster

Whereas the Indian business car corporations are prone to see an affect as a result of Bangladesh disaster per consultants, Ashok Leyland will not be anticipating any main affect on the business.

“Each financial system has to run and this can be a non permanent pause and won’t affect business car gamers,” Sanjeev Kumar added.