Ashok Leyland’s shares fell by 3% following the release of October 2024 sales data, which showed a year-on-year (YoY) decline. The company reported total sales of 15,310 units for the month, down from 16,864 units in October 2023, missing the market estimate of 16,110 units. The drop in sales indicates a softer performance compared to last year.
Domestic Sales Breakdown (YoY)
- M&HCV Trucks: 7,208 units sold in October 2024, down 13% from 8,272 units in October 2023.
- M&HCV Buses: Sales increased by 8% to 1,229 units, up from 1,139 units last year.
- Total M&HCV: Combined sales for trucks and buses reached 8,437 units, reflecting a 10% decline from 9,411 units.
- LCV (Light Commercial Vehicles): Sales fell by 11%, with 5,630 units sold compared to 6,348 units in October 2023.
- Total Domestic Sales: The company’s total domestic vehicle sales dropped by 11% to 14,067 units, down from 15,759 units.
Domestic + Exports Sales Breakdown (YoY)
- M&HCV Trucks: Sales for trucks, including exports, dropped by 12% to 7,455 units from 8,454 units in the previous year.
- M&HCV Buses: Sales increased by 13%, with 1,953 units sold versus 1,731 units last year.
- Total M&HCV: Combined domestic and export sales for M&HCV decreased by 8% to 9,408 units from 10,185 units.
- LCV: Total sales, including exports, were down 12%, with 5,902 units sold compared to 6,679 units last year.
- Total Vehicles (Domestic + Exports): Overall, combined domestic and export sales reached 15,310 units, marking a 9% decrease from 16,864 units in October 2023.
Cumulative Year-to-Date Sales (April to October 2024)
- M&HCV Trucks: 50,265 units, a decline of 10% YoY from 56,147 units.
- M&HCV Buses: Sales rose by 24% to 15,208 units from 12,289 units in the previous year.
- Total M&HCV: Combined sales were down by 4% at 65,473 units, compared to 68,436 units YoY.
- LCV: Cumulative sales dropped slightly by 1%, with 39,354 units sold compared to 39,603 units.
- Total Vehicles (Domestic + Exports): Year-to-date sales reached 1,04,827 units, reflecting a 3% decline from 1,08,039 units in the same period last year.
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As of 9:53 am the shares were trading 3% lower at ₹203.00 on NSE.
