The commercial vehicles maker's total auto sales jumped 5% to 10,659 units in November 2020 compared with 10,175 units sold in November 2019.
Sequentially, the company's total auto sales advanced 6.70% last month from 9,989 units sold in October 2020.
Ashok Leyland's domestic sales stood at 9,727 units in November 2020 as against 9,377 units in November 2019, registering a 4% increase year-on-year (Y-o-Y).
Domestic medium and heavy commercial vehicle (M&HCV) sales dropped 17% to 4,422 units while domestic light commercial vehicle (LCV) sales soared 31% to 5,305 units in November 2020 over November 2019.
On a consolidated basis, Ashok Leyland reported a net loss of Rs 96.23 crore in Q2 September 2020 as compared to a net profit of Rs 69.95 crore in Q2 September 2019. Net sales declined 23.8% to Rs 3,835.85 crore in Q2 September 2020 over Q2 September 2019.
Shares of Ashok Leyland gained 0.16% to Rs 92.25.
Ashok Leyland, flagship of the Hinduja group, is among the largest manufacturer of commercial vehicles in India and also among the biggest manufacturers of buses and trucks globally.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
