Ashok Leyland lost 1.2% to Rs 16.50 at 10:46 IST on BSE after the company said its total sales fell 27% to 5,375 units in November 2013 over November 2012.
The sales numbers were announced after market hours on Monday, 2 December 2013.
Meanwhile, the S&P BSE Sensex was down 18.24 points or 0.09% at 20,879.77.
On BSE, 2.48 lakh shares were traded in the counter as against average daily volume of 10.40 lakh shares in the past two weeks.
The stock was volatile. The stock lost as much as 1.79% at the day's low of Rs 16.40 so far during the day. The stock rose as much as 0.29% at the day's high of Rs 16.75 so far during the day.
Ashok Leyland's sales of medium and heavy commercial vehicles (M&HCV) declined 39% to 2,715 units in November 2013 over November 2012. Sales of light commercial vehicle (LCV) products, such as DOST & STILE, declined 8% to 2,660 units in November 2013 over November 2012.
Ashok Leyland reported a net loss of Rs 25.05 crore in Q2 September 2013 compared with net profit of Rs 142.60 crore in Q2 September 2012. Total income declined 21.6% to Rs 2621.06 crore in Q2 September 2013 over Q2 September 2012.
Ashok Leyland, the flagship of the Hinduja Group, is the second largest maker of commercial vehicles in India after Tata Motors.
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