Ashok Leyland’s fourth quarter operating performance beat consensus estimates. A good performance of the light commercial vehicles (LCVs) business helped the Hinduja Group flagship tide over the disruption the medium and heavy commercial vehicles (MHCVs) business faced owing to the economic slowdown. Vipin Sondhi, CEO & Managing Director, tells Shally Seth Mohile that the company is looking for a profitable growth and will launch more LCVs and step up exports to Africa and Middle East as part of its de-risking strategy. Sondhi expects the overall market to improve quarter on quarter as the economy bounces back. Edited excerpts:
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