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Last Updated : Dec 02, 2019 11:20 AM IST | Source: Moneycontrol.com

Ashok Leyland sales down 22% in November but beat estimates

The company sold 4,209 light commercial vehicles in November, down 4 percent compared to the same month last year.

 
 
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Ashok Leyland on December 2 said it sold 10,175 commercial vehicles in November, which is a 22 percent decline from the same period last year but is better than analysts’ estimates.

The company sold 13,119 units in the same month last year. A CNBC-TV18 poll of analysts for November 2019 had estimated sales at 9,666 units.

Total medium and heavy commercial vehicle sales in November declined 32 percent year-on-year to 5,966 units, the company said in its BSE filing.

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Domestic sales during the month dipped 25 percent to 9,377 units YoY, it added.

The company sold 4,209 light commercial vehicles in November, down 4 percent compared to the same month last year.

The stock was quoting at Rs 79.35, up Rs 0.25, or 0.32 percent on the BSE, at 1100 hours.

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First Published on Dec 2, 2019 11:20 am
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