Ashok Leyland zooms 3.7% on strong April sales
According to the Hinduja Group company, it reported a nine per cent rise in domestic sales to 13,446 units in April 2024 compared to 12,366 units in April 2023.
Shares of Ashok Leyland surged 3.71 per cent on BSE on Thursday (May 2, 2024) after the commercial vehicle major reported above-Zee Business research estimate sales figures for April month.
As of May 2, 2024, 12:47 pm, the stock price rose to Rs 199.70, marking a gain on the back of positive sales data.
On Thursday, the Chennai-headquartered company unveiled its April sales numbers, which showed a 10 per cent increase in total wholesale units to 14,271 Year-on-Year (YoY).
According to the Hinduja Group company, it reported a nine per cent rise in domestic sales to 13,446 units in April 2024 compared to 12,366 units in April 2023.
The growth was driven by a strong performance in the medium and heavy commercial vehicle (M&HCV) segment, with sales surging 16 per cent to 8,611 units against 7,422 units in the year-ago period.
However, light commercial vehicle (LCV) sales witnessed a decline of 2 per cent, slipping to 4,835 units from 4,944 units sold in April 2023.
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