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VERIFIEDET Finance·neutral

Commercial vehicle makers strengthen non-core business to ride out 'cyclical' bumps

AI Summary
  • ·Commercial vehicle makers are diversifying beyond truck sales to stabilize revenue.
  • ·Companies like Tata Motors, Ashok Leyland, and VECV are seeing growth in spare parts, financing, and fleet services.
  • ·This strategy aims to create recurring income streams and mitigate market cyclicality.
TATAMOTORSASHOKLEY
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