Ashok Leyland - Clear Beneficiary Of CV Upcycle; Focus On LCV To Aid Topline Growth: Nirmal Bang

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.Ashok Leyland Ltd. has been regaining the lost market share over the last four quarters, led by ramp-up of its compressed natural gas portfolio and new product launches. Its medium and heavy commercial vehicle market share increased by 50 basis points QoQ to 31.1% in Q1 FY23. We expect market share gains to continue with a robust product pipeline plugging product gaps and increasing penetration in new markets. The pick-up in the sales of Dost and Bada Dost models post easing of supply chain issues will further drive light commercial vehicle segment volume and market share gain. We see Ashok Leyland to be a key beneficiary of the commercial vehicle cycle recovery and expect further expansion in margins amid an improving product mix, softening raw material prices and operating leverage benefits. However, competitive intensity remains high, preventing full pass-through of elevated input prices to end customers and leading to higher discounts. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Ashok Leyland - Clear Beneficiary Of CV Upcycle; Focus On LCV To Aid Topline Growth: Nirmal Bang

Ashok Leyland - Clear Beneficiary Of CV Upcycle; Focus On LCV To Aid Topline Growth: Nirmal Bang

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