Ashok Leyland sales up 14.2% in July

M&HCV sales grew 10.3% in July 2017 with 9026 units sold as against 8182 units during July 2016

Ashok Leyland
Despite the poor performance, most brokerages have a positive view on Ashok Leyland
T E Narasimhan Chennai
Last Updated : Aug 01 2017 | 1:22 PM IST
Commercial Vehicle major Ashok Leyland has posted a growth of 14.2 per cent in total sales by selling 11,981 units during the month of July 2017, as compared to 10,492 units during July 2016.

The Medium and Heavy Commercial Vehicle (M&HCV) sales grew 10.3 per cent in July 2017 with 9026 units sold as against 8182 units during July 2016.

The Light Commercial Vehicle (LVC) business saw a 27.9 per cent growth to 2,955 units in July, this year, as against 2310 units in the same month of last year.

During the three months ending July 2017, the overall sales dropped by 2.8 per cent to 409,479 units from 41,657 units during the same period of the previous year. The M&HCV sales declined 10.2 per cent to 28,906 units during the quarter ending July 2017, as compared to 32,209 units in the same period of last year.

The LVC posted around 22 per cent growth in volume, with 11,573 units sold during the quarter this year, compared to 9448 units during the same period of last year.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story