Q4 Earnings Was A Little Lower Than Expectation: Gopal Mahadevan, Ashok Leyland
  • WebDesk BTVI
  • May 27 2019

Gopal Mahadevan, CFO, Ashok Leyland said that the March quarter earnings were low, however, the company reported steady numbers despite a challenging industry situation. He further said the situation for auto industry tends to be tough in comparison to two years ago, the shift towards BS-IV, GST, and change in tonnage & NBFC crisis has resulted in a dip in demand. However, government's thrust on building roads will help boost demand for commercial vehicles.