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...