Ashok Leyland December sales drop 10% YoY to 16,324 units; share price falls
Ashok Leyland share price traded more than 3% lower on Tuesday after the company reported weak sales for the month of December 2023. Ashok Leyland shares fell as much as 3.46% to ₹179.65 apiece on the BSE.
The commercial vehicle (CV) manufacturer Ashok Leyland registered a 10% drop in total sales during December 2023 at 16,324 units as against 18,138 vehicles sold in December 2022.
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The company’s sales in the domestic market stood at 15,323 units, down 10% from 17,112 units in the same month of the previous year.
The sales of Medium and Heavy Commercial Vehicles (M&HCV) declined 12% to 10,800 units from 12,262 units, YoY.
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In the M&HCV segment, the company sold 8,485 trucks in December 2023, 16% less than 10,143 trucks sold in December 2022. Sales of Bus increased 9% to 2,315 units from 2,119 units, YoY.
Ashok Leyland’s Light Commercial Vehicles (LCV) sales during the month fell 6% to 5,524 units from 5,876 units, YoY.
Ashok Leyland share price has gained just 2.4% in the past three months, while the stock is up 22% in one year.
At 10:55 am, Ashok Leyland shares were trading 2.61% lower at ₹181.25 apiece on the BSE.
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Published: 02 Jan 2024, 10:57 AM IST
