Commercial vehicle makers count on pent-up demand, ageing fleet to drive recovery

The country’s second-largest truck maker Ashok Leyland said there was pent-up demand for trucks in India as the average age of a truck in India today was 9.5 years, which is among the oldest ever, as fleet owners deferred purchase of new vehicles over the past couple of years, said Gopal Mahadevan, director and chief financial officer at Ashok Leyland.

from Auto-Industry-Economic Times https://ift.tt/4jHXdMN