Ashok Leyland's March sales up y-o-y by 19%

3 Apr 2023 , 11:32 AM

Ashok Leyland informed that in March, the company’s sales surged by 19%, with a total of 23,926 units sold, compared to the corresponding month in the previous year, where the sales figure was 20,123 units.

Sales volumes in the medium and heavy commercial vehicle segment increased by 20% to 16,773 units, up from 13,990 units the previous year.

The company’s total sales for the fiscal year FY23 was 192,205 units, indicating a substantial 50% growth in comparison to the previous year’s sales of 128,326 units.

According to sources, the commercial vehicle (CV) sector is experiencing an upward trend, and the government’s increased infrastructure spending will further drive growth in CV volumes in FY24E-25E. However, due to the high base of FY23, the growth rate is expected to be slower in the upcoming years.

At around 11.25 AM, Ashok Leyland is trading 1.58% higher at Rs141.40, against the previous close of Rs139.20 on NSE. The counter touched an intraday high and low of Rs142.80 and Rs140.50 respectively.

For feedback and suggestions, write to us at [e-mail]