The company sold 4,209 light commercial vehicles in November, down 4 percent compared to the same month last year.
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.
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.LIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE.