Ashok Leyland registers strong 61% growth in September

Ashok Leyland, the second largest commercial vehicles makers in the country is maintaining its healthy growth. The company reported a 61% increase in its overall sales in September. It sold 14,771 units in the months (September 2014: 9,185).

The M&HCV segment continues to perform strongly for the company, notching up a massive 83% growth by selling 12,134 units (September 2014: 6,625). Last month, the M&HCV sale was up 53%. Fleet operator’s preference towards heavy vehicles due to operational efficiency has seen Ashok Leyland’s 37-T rigid multi-axle truck gaining an increase in popularity. Also, the 25-T multi-axle trucks have seen decent growth in the past months.

The positivity in the M&HCV segment over the last 13 months is largely attributed to the replacement demand from fleet operators. Whereas the microeconomic indicators remained bleak, the mining and infrastructure sectors seems to gain some traction.

Unlike the overall LCV segment which has seen sharp decline over the last 12-14 months due to factors like unavailability of finance and over capacity of vehicles, Ashok Leyland LCV sales reported a growth of 3%. The CV-maker sold 2,637 units (September 2014: 2,560).