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Heavy discounting, muted demand likely to impact Ashok Leyland's margins

Ashok Leyland's volume performance is expected to remain subdued over the next few months

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Ashok Leyland

Ram Prasad Sahu 



Ashok Leyland
Representative image

Despite a better-than-expected show in the December quarter, the stock has shed over 3.5 per cent since then, and lost a quarter of its value since December. The Street is worried that the high level of discounts, a weak freight market, and costlier funding could impact volumes for the truck maker.

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First Published: Thu, February 21 2019. 23:09 IST

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