ADVERTISEMENT
Truckmakers' Margins Need To Widen For Green Transition, Says Ashok Leyland CEO
There is a realisation in the industry that profitability needs to rise as it looks to invest in cleaner fuel vehicles, he said.
22 Sep 2023, 08:16 AM IST ![NDTV Profit](/icons/feather-without-circle.svg)
![NDTV Profit](/icons/timer.svg)
![<div class="paragraphs"><p>The company intends to invest up to Rs 1,000 crore in this new facility over the next few years. (Source: Switch Mobility/X)</p></div>](https://media.assettype.com/bloombergquint%2F2023-02%2Ffe621341-c415-4129-9104-917453402ce4%2FFo2AYRQacAAiJ19.jpg?auto=format%2Ccompress&w=200)
The company intends to invest up to Rs 1,000 crore in this new facility over the next few years. (Source: Switch Mobility/X)
The profitability of the commercial vehicle industry needs to rise drastically to make more money that can be invested in transition to vehicles powered by cleaner fuels, according to Shenu Agarwal of Ashok Leyland Ltd. "These margins are not sustainable ... they need to rise to double digits, if not mid-teens," Agarwal, managing director and chief executive officer at Ashok Leyland, told BQ Prime. There is a realisation within the i...
![](/images/white_gradient.png)
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
Access to
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Lite
Experience
Members-Only
Rewards
NDTV Profit
Exclusive Stories
Full Access to
NDTV Profit App
Access to
20,000+
Research Reports
Ad-Lite
Experience
NDTV Profit
Exclusive Stories
Curated
Newsletters
Priority Pass
to Special Events
Members-Only
Rewards
Full Access to
NDTV Profit App
Still Not convinced ? Know More
ADVERTISEMENT