Ashok Leyland - Medium, Heavy Commercial Vehicle Volumes Have Begun To Recover: Anand Rathi
BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
We expect strong replacement demand in tillers and tippers in H2 FY22 to kick in for Ashok Leyland Ltd.
On the recovery in medium and heavy commercial vehicles and with the already robust demand for light commercial vehicles, we expect significant operating leverage-led margin expansion.
Also, its foray into electric vehicles (Switch mobility) as a separate subsidiary augurs well for long-term EV play and overall growth of Ashok Leyland.
Risks: Less-than-expected volume growth in FY22.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.