Shift to Higher-Tonnage, Multi-Axle Vehicles to Give Ashok Leyland the Upper Hand in CV Segment

Equity Analyst, LightStream Research

Chacko Jacob

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<div class="content-highlight"><h2><strong>Mid to Long-Term Growth</strong></h2></div><p><strong>Ashok Leyland's Decision to Opt for iEGR Tech Instead of Industry-Wide SCR Likely to Be Seen as Favourable to Customers</strong></p><p>While the rest of the CV (commercial vehicle) manufacturers in the country have decided to stick to SCR (Selective Catalytic Reduction) technology to comply with BS-IV engine norms in India, <a href="https://www.smartkarma.com/entities/20104" target="_blank" data-smartkarma-citation="entities:20104:1">Ashok Leyland Ltd (AL IN)</a> has decided to go the EGR route by developing its own iEGR (intelligent Exhaust Gas Recirculation) technology. The iEGR technology will be…</p>

Mid to Long-Term GrowthAshok Leyland's Decision to Opt for iEGR Tech Instead of Industry-Wide SCR Likely to Be Seen as Favourable to CustomersWhile the rest of the CV (commercial vehicle) manufacturers in the country have decided to stick to SCR (Selective Catalytic Reduction) technology to comply with BS-IV engine norms in India, Ashok Leyland Ltd (AL IN) has decided to go the EGR route by developing its own iEGR (intelligent Exhaust Gas Recirculation) technology. The iEGR technology will be…

In the Age of BS-IV, Ashok Leyland Plays Renegade In Product Discounting and Technology Adoption