ICICI Securities Ltd | Retail Equity Research We recently attended Global Conference 2018' of Ashok Leyland (ALL). We are upbeat about the future prospects of the company. The positive takeaways from the conference are-: 1) promising product launches across categories in both M&HCV; & LCV segments, 2) growth in M&HCV; to sustain for the next two years on the back of infrastructure growth & pre-buying ahead of BS VI emission norms, 3) expansion of LCV portfolio to address white spaces but only segments that meet the internal RoCE target, 4) the...