Moneycontrol
Get App
Last Updated : Nov 01, 2016 03:06 PM IST | Source: CNBC-TV18

See Ashok Leyland sales at 12k units for next few months: IIFL

Prayesh Jain of IIFL sees no major demand revival in Ashok Leyland'd products. On Maruti's weak sales numbers for October, Jain says it may be due to the high number of festive holidays in the month.


Ashok Leyland will maintain sales of 12,000 units for the next few months, says Prayesh Jain of IIFL. A low base effect has propelled the auto manufacturer's October sales.

But he sees no major demand revival in Ashok Leyland'd products.

Maruti Suzuki has reported weak sales numbers for the month of October. This may be due to the high number of festive holidays in October.

He points out that Maruti's Baleno and Vitara Brezza continue to have a long waiting period.

Watch video for more.

Moneycontrol Ready Reckoner
Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.

First Published on Nov 1, 2016 03:06 pm
Sections
Follow us on