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Ashok Leyland reports 8% drop in May sales

Ashok Leyland, the commercial vehicle manufacturer, has reported a fall of 8% in May 2017 sales to 9,071 units, as against 9,875 units sold in the same period of last year. The company has experienced a drop of 18% in its medium and heavy commercial vehicle (M&HCV) products segment to 6,139 units in May 2017, as compared to 7,469 units in May 2016. However, light commercial vehicle (LCV) of the company registered sales of 2,932 units in May 2017, a rise of 22%, as compared to 2,406 units sold in May 2016.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.

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