Ashok Leyland starts 'Project Reset' to improve efficiency across the board

Company foresees demand picking up, asserts it has not laid off anyone

Commercial vehicle major Ashok Leyland, which implemented a cost-cutting programme called K54 II last year, said that it has saved over Rs 500 crore during 2019-2020. The company has now started a new initiative called 'Project Reset' which would look at the company's capabilities, cost optimisation, productivity among others.

"We have saved nearly Rs 520 crore through KB54 II during 2019-20, we are now implementing 'Project Reset', which will look at increasing capabilities, cost optimisation, productivity among others," said Vipin Sondhi, MD & CEO, Ashok Leyland.

Gopal Mahadevan, whole-time director and CFO, Ashok Leyland added that under Project Reset, the company will