Ashok Leyland is a buy: Seshadri Bharathan, KSEMA Fincon Ltd

Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about Ashok Leyland.

What is your take on Ashok Leyland?

If you look at Ashok Leyland, last year we saw commercial vehicles volume go up by 33% in FY10. Ashok Leyland has started its new plant in Uttarakhand which would mean that higher market share in northern part of India. They are gaining strong traction in southern part of India where they are dominantly present in.

There are newer segment launches and there is better availability or better financing from their group company, Hinduja Leyland Finance. So this is one company, which will benefit from the investment in infrastructure sector and improved economic activity in India.