Ashok Leyland Limited (NSE: ASHOKLEY, BSE: 500477) has released its sales figures for August 2024, showing a mixed performance across various segments:
- Total vehicle sales (domestic + exports) declined by 7% year-on-year to 14,463 units
- Domestic sales decreased by 8% to 13,347 units
- M&HCV (Medium & Heavy Commercial Vehicle) segment:
- Domestic truck sales fell 17% to 6,385 units
- Domestic bus sales increased 8% to 1,405 units
- LCV (Light Commercial Vehicle) segment remained stable with a slight increase in domestic sales
Despite the monthly decline, cumulative sales for the fiscal year to date show resilience, with total sales (domestic + exports) marginally up at 72,284 units compared to 71,973 units in the same period last year.
The company’s performance reflects ongoing challenges in the commercial vehicle market, balanced by growth in specific segments like buses.
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Ashok Leyland