Ashok Leyland Registers 10% Decline in December Sales, Records 16,324 Units Sold
- ByStartupStory | January 2, 2024
Ashok Leyland, the commercial vehicle manufacturer, disclosed a 10% decrease in total sales for December 2023, amounting to 16,324 units compared to 18,138 units in the previous year.
According to a regulatory filing by Ashok Leyland, domestic sales observed a similar decline, reaching 15,323 units, down by 10% from 17,112 units recorded in December 2022.
Detailing the segment-wise performance, the company reported a drop in medium and heavy commercial vehicle sales in the domestic market to 10,102 units from 11,399 units, reflecting an 11% decline compared to the same period last year.
Regarding light commercial vehicles in the domestic sector, Ashok Leyland indicated a decrease to 5,221 units from 5,713 units in the year-ago period, marking a 9% downturn.
The company’s regulatory filing presented the figures, stating, “Domestic sales were down 10 per cent at 15,323 units as against 17,112 units in December 2022, Ashok Leyland said in a regulatory filing.”
Ashok Leyland Ltd., a prominent entity within the Hinduja Group, specializes in the manufacturing and sale of commercial vehicles. Operating from its headquarters in Chennai, India, the company’s diverse product line encompasses buses, trucks, engines for various applications including industrial and marine usage, defense vehicles, and specialized transport. Ranging from 18-seater to 82-seater double-decker buses and 7.5-ton to 49-ton haulage vehicles, Ashok Leyland offers a comprehensive range of transportation solutions. Its global manufacturing presence spans across 9 plants, including facilities in Great Britain and Ras Al Khaimah (UAE). Additionally, the company engages in joint ventures with renowned entities like John Deere (USA) for Construction Equipment, Continental AG (Germany) for Automotive Infotronics, and the Alteams Group for high-press die-casting extruded aluminum components serving automotive and telecommunications sectors. Ashok Leyland Ltd. commenced operations in 1948 as Ashok Motors before evolving into its current form.
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