Ashok Leyland advances 9% as Co reports market share gain in March quarter

Sequentially, MHCV truck volumes for Ashok Leyland have grown by 57 per cent in Q4FY21 which was higher than the industry growth of 53 per cent

Shares of Ashok Leyland zoomed 9 per cent to Rs 129.35 on the BSE in intra-day trade on Friday as the company's market share improved 0.8 per cent to 28.9 per cent in the March 2021 quarter (Q4FY21) from 28.1 per cent in December 2020 quarter (Q3FY21). The stock of the commercial vehicles' company was trading close to its 52-week high of Rs 138.85, touched on February 4, 2021.

"Sequentially, over Q3FY21, medium and heavy commercial vehicles (MHCV) truck volumes for Ashok Leyland have grown by 57 per cent in Q4FY21 which was higher than the industry growth of