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Ashok Leyland reports 12% drop in December sales

02 Jan 2017 Evaluate

Ashok Leyland, the commercial vehicle manufacturer, has reported a fall of 12% in December 2016 sales to 10,731 units, as against 12,154 units sold in the same period of last year. The company has experienced a drop of 9% in its medium and heavy commercial vehicle (M&HCV) products segment to 8,782 units in December 2016, as compared to 9,703 units in December 2015. Light commercial vehicle (LCV) of the company registered sales of 1,949 units in December 2016 as against 2,451 units in December 2015.

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 433.30
Ashok Leyland 169.15
Force Motors 19584.35
Olectra Greentech 1025.40
SML Mahindra 5187.60
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