By Ranjeet
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Shenu Agarwal has been named the new managing director (MD) and chief executive officer (CEO) of Ashok Leyland, the flagship company of the Hinduja group.
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Agarwal was the president of Escorts Kubota before he joined Ashok Leyland. In addition to his role as CEO, he oversaw the company's agribusiness for over seven years.
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Ashok Leyland aspires to be one of the top 10 commercial vehicle (CV) companies in the world, and it is counting on Agarwal to spearhead the company's technological development, growth, and future strategy to get it there.
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"Being a member of Ashok Leyland, which has a history of technological innovation dating back 75 years, is an honour and a privilege.
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Towards Ashok Leyland's Vision of being one of the world's top 10 CV makers, I look forward to collaborating closely with all the company's stakeholders and employees "Agarwal remarked.
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Dheeraj Hinduja, the executive chairman of Ashok Leyland, praised Agarwal's versatility and said he has a track record as a leader from a commercial conglomerate.
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"With Shenu at the helm, Ashok Leyland will be even better able to prioritise customer satisfaction, pursue expansion on a global scale, and increase stakeholder value.
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I have faith in his ability to lead the company to success as it carves out new markets in the mobility industry, and I wish him all the best in the years to come "Extending Hinduja's comment.
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From November 2021 to November 2022, Ashok Leyland's domestic CV volumes increased 45.81%, from 9,364 units to 13,654.
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Overall volume for the company increased by 38.94% from November 2021 to November 2022, from 10,480 units to 14,561.
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