Ashok Leyland said that total vehicle sales fell 40% in January 2020 to 11,850 units from 19,741 units in January 2019.
The total sales, however, rose 6.11% from 11,168 units in December 2019.
Shares of Ashok Leyland fell 1.75% to Rs 75.65. It has traded in the range of Rs 74.85 and Rs 78 so far during the day.
The company's domestic sales declined 41% to 10,850 units in January 2020 from 18,533 units in January 2019.
Ashok Leyland, flagship of the Hinduja group, is one of the largest manufacturer of commercial vehicles in India and also amongst the biggest manufacturers of buses and trucks globally.
The commercial vehicles major will announce its third quarter earnings on 12 February 2020.
The company's net profit slumped 89.5% to Rs 56.85 crore on a 48.3% decline in net sales to Rs 3867.99 crore in Q2 September 2019 over Q2 September 2018.
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