Ashok Leyland, the commercial vehicle major and the flagship of the Hinduja Group, expects the sector to return to growth. Dheeraj Hinduja, executive chairman of Ashok Leyland, said the semiconductor crisis will ease in six months' time and commodity prices will ease. Hinduja told Shine Jacob electric vehicles are the future of the company.
What follows is edited interview with Hinduja.
Are you seeing demand coming back post pandemic?
I think demand is very much back and it is very strong, ICRA has estimated a growth of 15 per cent in MHCV (medium and heavy commercial vehicles) and 10 per