Ashok Leyland Celebrates Diwali With 28% Increase in Sales
Published On Nov 02, 2016
India witnesses a shopping fiesta every Diwali and the current festive season in the country has helped Ashok Leyland in selling 12,533 commercial vehicles. The company has sold 2,730 more vehicles in October 2016 than in October 2015. The figures have been reported by Ashok Leyland in the BSE filling. Ashok Leyland had sold a total of 9,803 commercial vehicles in October 2016.
Though one reason behind the increase in sales figures could be the CV manufacturer's increased presence in News and Media, factors like Dhanteras and Diwali falling in October cannot be neglected. It is a proven fact that vehicle sales usually skyrocket during the holy month of Deepawali and Dhanteras.
Ashok Leyland has sold 9,574 vehicles in the M&HCV segment in October 2016 as compared to the 7,176 vehicles sold in October 2015. However the growth in number of sales in the LCV segment has not been that phenomenal as the manufacturer of Dost LCV managed to sale 2,959 vehicles in October, which is a mere 232 more in comparison to 2,627 LCVs sold October 2015.
The reputed home grown commercial vehicle manufacturer has quite recently signed a whopping INR 1,140 crore agreement with the Government of the United Republic of Tanzania. The deal requires Ashok Leyland to facilitate Tanzania Home Ministry with vehicles, gensets, spare and equipment. This deal was also announced by the truck and bus manufacturer in a BSE filling earlier in October.