Ashok Leyland sees demand pick-up in short term; eyes maintenance, repairs

With subdued demand for new vehicles in short term, higher demand is expected for repairs and maintenance of existing fleet

Ashok Leyland Ltd said that it is expecting the demand to pick up in the short term, with a higher demand for repairs and maintenance activities of existing fleet. The company has also formed a team which monitors costs and helps roll out initiatives for cost reduction.

In a regulatory filing related to Covid-19 impact, the company said that it expected the market to revive in the short term. With pent up demand due to the ongoing lockdown, the company's Aftermarket division expects the demand for parts and services to bounce back owing to a large population of Ashok Leyland