Motilal Oswal
    NIFTY 50
Motilal Oswal

Ashok Leyland launches three new trucks ICV, MDV segment

Updated : February 18, 2019 05:47 PM IST

Truck and bus maker Ashok Leyland on Monday launched three new truck variants in intermediate and medium commercial vehicle segment as it seeks to fill product gaps.

The Chennai-based company has launched the Guru 1010 in the intermediate commercial vehicle (ICV) segment and Boss 1616 and Boss 1916 in the medium-duty vehicles (MDV) segment.

"ICV is a growing segment and we have seen a 30 percent growth this year and we expect it to be the hub and spoke model keeps on maturing. Next year is the pre-buy year, so I expect further growth in this segment," said Anuj Kathuria, president, of global trucks, Ashok Leyland.

The company has a robust portfolio as far as the BS-IV portfolio is considered, he said, adding that Ashok Leyland has launched the 16-wheel vehicle which was the first in the market and it comes along with many unique features which ensure better profitability for the customer.
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