Ashok Leyland fell 1.895 to Rs 205.10 after the company has reported total vehicle sales of 15,310 units for the month of October 2024, which is lower by 9% as compared with the sales of 16,864 units sold in October 2023.
Domestic sales stood at 14,067 units in October 2024, down 11% as compared with 15,759 units sold in the same period last year.While total medium and heavy commercial vehicle (M&HCV) sales dropped by 8% to 9,408 units, total light commercial vehicle (LCV) sales fell 12% to 5,902 units in October 2024 over October 2023.
Ashok Leyland is engaged in manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings and castings
The company reported 6.39% fall in consolidated net profit to Rs 509.15 crore in Q1 FY25 as compared with Rs 543.89 crore in Q1 FY24. Revenue from operations rose 10.66% year on year (YoY) to Rs 10,724.49 crore in the quarter ended June 2024.
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