The company commenced operations across its facilities
Ashok Leyland has reported zero sales of M&HCV in the month of April as against 8,918 units, in the same month a year ago
M&HCV truck sales in April 2019 was 7,517, bus sales was 1,401, while LCV sales stood at 4,224 units
The development comes amid the current crisis, which has been described as the worst in a century
Automakers in India import about 10% of their raw materials from China
Industry representatives have said the situation is unlikely to improve soon as India's economic activity is yet to pick up due to less business activity and consumer spending
CVs and two-wheelers reported 39 per cent and 33 per cent growth, respectively, in January last year
Total commercial vehicle sales were at 51,253 units as against 47,344 units in the year-ago month, a growth of 8 per cent.
Citicorp Finance will work in close coordination with the authorised dealers of Ashok Leyland to provide financial solutions to customers
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The firm's supply to passenger vehicles also registered a decline of 11%
SIAM said the slowdown in the commercial vehicle segment might continue in Q3FY20 owing to the implementation of various regulations
Tata Motors, Ashok Leyland key gainers; infra boost, consumption uptick needed for trend reversal
Ashok Leyland 's competitor Tata Motors recently decided to close its Pantnagar facility for two days.
Sale of M&HCVs grew 42 per cent in the December quarter, up from 20 per cent in the September one
Improvement in volumes for Tata Motors, Leyland and Volvo Eicher hinges on pick-up in infra activity
India Ratings believes that the demonetisation drive has impacted the second-hand CV market
Price rise of about 10% is expected on vehicles, besides servicing issues for newer technology ones
After a tough December quarter, they expect a better March quarter