Mumbai, Oct. 16 -- The commercial vehicle industry has predominantly seen full scape ownership by fleet operators as the preferred business model. But as electrification presses on the accelerator and discussion on costs around vehicle maintenance and increasing profitability become core topics, the ownership landscape within the commercial vehicle segment is embracing a new trend of mobility-as-a-service.

Speaking to Motoring Trends in an exclusive interaction, Head Product Portfolio Management and CIDO at Ashok Leyland Vinod Gopinathan noted, "Both business models have existed in the commercial vehicle industry for some time. However, with electrification, we are seeing a growing shift towards managed mobility models, where vehicles ar...