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Ashok Leyland's Q2 results preview: Strong volume growth likely

Ashok Leyland is expected to report good set of second-quarter earnings on Tuesday.

By Sonia Shenoy Nov 13, 2018 9:07:10 AM IST (Published)

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Ashok Leyland is expected to report good set of second-quarter earnings on Tuesday.

The commercial vehicle (CV) industry is in an up cycle. The numbers have been very good. The volume growth remains very strong despite uncertainty regarding the axle norm changes. So this time we saw 27 percent year-on-year volume growth.

Medium and heavy commercial vehicle volumes were up 22 percent, light commercial vehicle volumes were up 40 percent this time and overall in the first half of the year the volumes have gone up 35 percent.

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