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Ashok Leyland reports 23% rise in October sales

05 Nov 2014 Evaluate

Ashok Leyland, the commercial vehicle manufacturer, has reported an increase of 23% in sales in October 2014 to 8,375 units as against 6,803 units sold in the same period of last year. The company has experienced a rise of 43% in its medium and heavy commercial vehicle (M&HCV) products segment to 5,838 units in October.

The company’s large commercial vehicle (LCV) witnessed a fall of 6% to 2,537 units in October. Sales for April-October 2014 went up 4% over previous year period to 53,694 units.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.

Peers
Company Name CMP
Tata Motors 431.30
Ashok Leyland 152.00
Force Motors 16949.90
Olectra Greentech 1090.65
SML Mahindra 6115.25
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