Ashok Leyland share worth traded greater than 3% decrease on Tuesday after the corporate reported weak gross sales for the month of December 2023. Ashok Leyland shares fell as a lot as 3.46% to ₹179.65 apiece on the BSE.
The industrial car (CV) producer Ashok Leyland registered a ten% drop in whole gross sales throughout December 2023 at 16,324 models as towards 18,138 automobiles offered in December 2022.
Additionally Learn: M&M auto gross sales in December rise 6% YoY to 60,188 models; tractor gross sales drop 18%
The corporate’s gross sales within the home market stood at 15,323 models, down 10% from 17,112 models in the identical month of the earlier yr.
The gross sales of Medium and Heavy Business Autos (M&HCV) declined 12% to 10,800 models from 12,262 models, YoY.
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Within the M&HCV section, the corporate offered 8,485 vans in December 2023, 16% lower than 10,143 vans offered in December 2022. Gross sales of Bus elevated 9% to 2,315 models from 2,119 models, YoY.
Ashok Leyland’s Gentle Business Autos (LCV) gross sales in the course of the month fell 6% to five,524 models from 5,876 models, YoY.
Ashok Leyland share worth has gained simply 2.4% previously three months, whereas the inventory is up 22% in a single yr.
At 10:55 am, Ashok Leyland shares had been buying and selling 2.61% decrease at ₹181.25 apiece on the BSE.
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Printed: 02 Jan 2024, 10:57 AM IST
