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Ashok Leyland declares weak sales data

Medium and heavy commercial vehicles (M&HCV) total sales dropped by 97% at 266 units in May as against 8,946 units in the year-ago period. Light commercial vehicles (LCV) sales declined by 73% and stood at 1,154 units as against 4,226 units in May last year.

The announcement was made after trading hours yesterday, 1 June 2020. Shares of Ashok Leyland gained 9.29% to close at Rs 46.45 on 1 June 2020.

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.