Ashok Leyland's acyclical businesses help offset domestic M&HCV loss

"We will be extremely tight and vigilant on the capex," said CFO Gopal Mahadevan

Ashok Leyland said that it had lined up around Rs 750 crore capex for 2020-21 and had spent Rs 270 crore till the second quarter. The company's management said it was extremely vigilant as far as capex was concerned. Meanwhile, the company's non-domestic M&HCV businesses or acyclical businesses contribution grew substantially in the second quarter compared to the last year.
 

Gopal Mahadevan, whole-time director & CFO of Ashok Leyland, said that for the whole fiscal, the proposed capex was Rs 750 crore, of which Rs 270 crore had been spent till the September quarter. The company has head room for