Shares of Ashok Leyland slumped over 6 per cent to Rs 61.50 intra-day on the BSE on Wednesday after the company reported a 70 per cent drop in medium- and heavy-duty commercial vehicles (M&HCV) truck sales in the domestic market during August. The company sold 3,336 units of M&HCV trucks in August as compared to 11,135 units, a year ago.
Total sales of M&HCVs, including buses, dropped by 63 per cent to 4,585 units from 12,420 units in the previous year. The sales of light commercial vehicle fell 12 per cent to 3,711 units in August 2019 from 4,208 units in the year-ago period. ...
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