Dheeraj Hinduja

Ashok Leyland reports 26% decline in January sales; shares slip

Ashok LeylandStock in Ashok Leyland slipped nearly 2 per cent yesterday after the mid-cap commercial vehicles maker announced a steep decline in January sales.

The Hindujas-run commercial vehicles maker said its January sales slipped 26 per cent year-on-year to 7,847 units in January 2014. Sales of medium and heavy commercial vehicles slipped 19 per cent to 5,530 units in January this year over January last year; while sales of light commercial vehicles tumbled 37 per cent to 2,317 units.

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