Ashok Leyland Shares Jump On Strong December, 2014 Sales

After the Indian automobile manufacturer Ashok Leyland reported 48% year-on-year jump in December 2014’s total sales, the company’s shares rallied 7.77% to Rs 57.55 at 2:40 pm on BSE and also hit a record high of Rs 58.40. In 2014, the auto major had sold 9,290 units against 6,275 units that were sold in 2013 during the same month under review, a PTI report stated.

As per a statement issued by the Chennai-based company, the sale of medium and heavy commercial vehicles surged 85% in December 2014 to 7,210 units as compared to 3,890 units sold during the same month in 2013.

Looking at the sale trends of light commercial vehicles, the sales fall by 13% to 2,080 units in December 2014 as against 2,385 units recorded during the same period last year.

Earlier, a PTI report had revealed, “The total sales of Ashok Leyland during the April-December 2014 period grew by 12% to 70,743 units from 63,294 units sold during the corresponding period of the previous year.”