Ashok Leyland, the Hinduja Group flagship company in India, has reported a drop of 21% in February sales at 7,915 vehicles, as against 10,046 sold in same month year ago. In February 2014, the sales of its Large Commercial Vehicle (LCV) products witnessed a fall of 22% to 2,339 units from 3,001 units sold in the same month of last year. The sales of its overall Medium & Heavy Commercial Vehicle (M&HCV) witnessed 21% fall to 5,576 units from 7,045 units sold in the same month of last year.
For April 2013 to February 2014, the company has reported 21% drop in sales which stood at 79,056 units compared to 100,592 units posted at April 2012 to February 2013 period. The sales of its LCV products witnessed drop of 14% to 26,432 units compared to 30,592 units sold in the same period.
Besides, the sales of its M&HCV products witnessed 25% fall and stood at 52,624 units compared to 70,000 units sold in the same period of last year.
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.
