3 reasons why this midcap auto bearing may be entering the fast lane

ET Intelligence Group: Demand for light and medium and heavy commercial vehicles (LCVs and MHCVs) is gradually increasing with the increase in economic activities. Ashok Leyland, the country’s sole pure-play CV producer, is expected to be a major recipient of this given its product mix, increasing focus on the fast-growing LCV segment and recurring debt burden. The CV segment has reported a gradual turnaround after increasing freight