Ashok Leyland sales drop 12% in December
Commercial vehicles major, Ashok Leyland announced a 12% drop in December sales on Monday.
The company’s total sale volume declined from 12,154 units in 2015 to 10,731 this year.
Its medium and heavy commercial vehicle (M&HCV) sales volume dropped 9% from 9,703 units in December 2015 to 8,782 units.
The company’s data showed that its light commercial vehicle sales took a hit in December falling 12% to 1,949 units from 2,451 units in December 2015.
Shares of Ashok Leyland dropped marginally from Rs 81 to Rs 80.70 per share on BSE Sensex intraday.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
12:28 PM IST