Ashok Leyland expects the domestic commercial vehicle industry to grow by 8-10 per cent this fiscal aided by record government spending on infrastructure projects and strong replacement demand emanating from core industries. In his address to shareholders in the company's Annual Report for 2022-23, Ashok Leyland Chairman Dheeraj G Hinduja said the commercial vehicle sales this fiscal were expected to exceed the previous peak attained in 2018-19. He noted that the Chennai-based commercial vehicle maker is fully prepared to take advantage of the anticipated opportunities without compromising on market share and profitability targets. "Moving on, it is reasonably expected that in FY24, the dema
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