Trade Resources Economy Ashok Leyland's Total Sales in December Declined 19% YoY to 7,299 Units Amid

Ashok Leyland's Total Sales in December Declined 19% YoY to 7,299 Units Amid

Commercial vehicle maker Ashok Leyland's total sales in December declined 19%YoY to 7,299 units amid continued sluggish demand for medium and heavy trucks.

 

Sales of its small truck Dost accelerated 88%to 2,069 units,last month.However,excluding that,its CV sales fell 34%to 5,230 units.

 

Over the April to December period,its total sales are up 21%to 79,990 units,primarily boosted by the Dost.Ashok Leyland has sold 23,898 units of the SCV,which competes with the likes of TATA Motors Ace,so far this financial year,compared with 2,700 units a year ago.

 

Excluding Dost,the country's second largest truck and bus maker's CV sales are down 12%to 56,092 in April to December.

 

Ashok Leyland is not alone.Sales of other CV makers in the country too have been hit as fleet operators delayed medium and heavy truck purchases due to the overall slowdown in the economy.

 

TATA Motors for instance,saw its M&HCV sales plunge to 9,866 units from 18,247 units a year ago.Volvo Eicher Commercial Vehicle reported a 20%drop in total sales at 4,032 units.

 

 

 

 

 

 

Source: http://www.steelguru.com/indian_news/Ashok_Leyland_sales_declined_by_19pct_YoY/297203.html
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