Ashok Leyland Dec. sales dip 2%

Commercial vehicle manufacturer Ashok Leyland Ltd. has reported a 2% dip in total sales volume for December at 12,518 units compared to the year-earlier period, following a drop in light commercial vehicle (LCV) sales.

When computed separately, LCV sales, including exports, contracted 17% to 4,899 units while medium and heavy commercial vehicle (M&HCV) sales rose 11% to 7,619 units, the company said in a statement.

The M&HCV segment was led by buses with an increase of 57% to 1,020 units and trucks by 6% to 6,599 units.

For the nine-month period ended December, total sales grew 41% to 79,607 units. LCV sales rose 21% and M&HCV 64%.

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