Large stimulus critical for re-starting economic engine: MD, Ashok Leyland

Supply chains need to be re-started, migrant labour needs to come back to work (in a systematic and safe manner), and consumer demand needs to be triggered, says Vipin Sondhi

Commercial vehicle (CV) sales were under pressure due to the economic slowdown, the GST regime, and axle-load norms, among other factors. The Covid-19 pandemic created more troubles for the sector — overall CV sales in the country reported 89 per cent drop in March. Vipin Sondhi, managing director of Ashok Leyland, tells T E Narasimhan that a stimulus package would be critical to kick-start economic activity after this long period of disruption. Edited excerpts:
 

How do you see the measures of the government and the Reserve Bank helping the economy?
 

The measures taken are in the right direction. They are