There is no impact of elections on the market: Ashok Leyland MD & CEO

Agarwal talks about the company's capex, funding plans in EV arm Switch and growth in bus sales

At a time when the industry is expecting an election impact on commercial vehicle (CV) sales, Shenu Agarwal, managing director (MD) and chief executive officer (CEO), Ashok Leyland, believes that the segment may do well during the first half of this financial year. In an interview with Shine Jacob, Agarwal also talks about the company's capital expenditure (capex), funding plans in electric vehicle (EV) arm Switch and growth in bus sales. Edited excerpts:

There were expectations that CV sales would be affected because of the ongoing Lok Sabha polls. What is the trend on the ground?

Around December-January, there was