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Reputation: 642,681 • Nov 14, 2023 5:56 AM

India's CV market to hit new peak in FY24, outlook strong: Ashok Leyland

After hitting a multi-year low in FY21 due to the pandemic, India's truck and bus market has been growing in the last couple of years. In FY23, it surpassed the FY18 peak with 962,000 vehicles. It had sold 856,000 in FY18, according to the Society of Indian Automobile Manufacturers.

The Economic Times

𝗡𝗲𝘄𝘀 𝗦𝘂𝗺𝗺𝗮𝗿𝘆
• India's truck and bus market has been growing in the last couple of years and may hit a new peak by the end of 2023-24.
• Ashok Leyland posted a 181% year-on-year jump in net profit for the quarter ended September, helped by a better net realisation and lower commodity prices.
• The MHCV goods industry is expected to post mid-single-digit growth for FY24.
https://economictimes.indiatimes.com/jobs/hr-policies-tre...
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