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.
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First Published on Nov 1, 2016 03:06 pm