Synopsis
For investors, the loss of market share, which the Chennai headquartered company had gained between FY14 and FY18, has been a major sore point. The truck industry entered into a downcycle in November 2018 and since then volume growth has been under pressure. The industry’s wholesale volume dropped by over 50% between FY18 and FY21.
ET Intelligence group: The stock of Ashok Leyland has underperformed the benchmark Nifty 50 for the past six months after posting significant gains since the March 2020 lows. The subdued trend is likely to continue given its stretched valuation and a consistent drop in the market share.
For investors, the loss of market share, which the Chennai headquartered company had gained between FY14 and FY18, has been a major sore point. The truck
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