Ashok Leyland to hike M&HCV prices by 1% this month

Ashok Leyland, the flagship of the Hinduja group and one of the largest manufacturers of commercial vehicles in the country, is all set to hike Medium & Heavy Commercial Vehicle (M&HCV) prices by 1% in January 2014. The company is planning for the price rise on the back of costlier inputs.

Recently, the company reported a drop of 14% in December sales at 6,275 vehicles, as against 7,294 sold in same month year ago. In December 2013, the sales of its overall M&HCV witnessed over 26% fall to 3,890 units from 5,230 units sold in the same month 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.