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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.



Source: Capitalmarket.com