Ashok Leyland plans upto Rs 5,000 crore capex over 3 years, targets EV, ADAS and alternate propulsion: CFO KM Balaji

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Ashok Leyland plans investment towards product development and regulatory compliance. The company is also focusing on technology for electric and software-defined vehicles. Non-truck businesses are growing rapidly, improving overall profitability. This strategic shift aims to reduce truck dependence and enhance margins.