We attended Ashok Leyland's (AL) Annual Global Conference 2018. Themed 'Conquer new frontiers - More battles to win,' the conference provided useful insights into the company???s operations and opportunities. Management re-iterated its focus on gaining further ground in LCVs, exports, defence and digital initiatives (after-sales and service infrastructure). Encouragingly, AL's product launch pipeline remains strong, with five products planned to be rolled out in the M&HCV segment and two products each in the LCV and bus segments. The company also targets to launch a new variant of Dost in the LCV segment. Furthermore, AL is sanguine about the FY19 demand outlook, considering the pick-up in mining and infrastructure activities. Pre-buy demand ahead of the BS-6 emission standards implementation is another positive