Ashok Leyland Sales Grow 7% in January 2017
Published On Feb 03, 2017
Ashok Leyland, India's home grown CV maker has registered a growth of seven percent in number of truck and bus sales, in January 2017. The CV maker was able to sell 14,872 units in January 2017, which is 986 units more than the 13,886 commercial vehicles it had sold in January 2016.
The CV brand’s sales figures for January 2017, when compared to January 2016 sales numbers, grew by seven percent. Ashok Leyland managed to sell 12,056 M&HCV units in January 2017, whereas, it had only sold 11,208 M&HCV units during January 2016. It also managed to sell 128 more CV units during January 2017 in the LCV segment. The company had sold only 2678 LCV units in January 2016 in comparison to 2816 units it sold during the last month (January 2017).
Ashok Leyland has also registered good growth in number of CV sales during the current financial Year. It has managed to sell 112, 317 units of trucks and buses during April 2016 - January 2017 timespan, which is 1968 more CV units in comparison to 110,349 trucks and buses Ashok Leyland had sold during April 2015 - January 2016 timespan.
Experts at TrucksDekho believe that the numbers would grow by a major percentage in the next two months. Consumers looking to buy new commercial vehicles, especially trucks, would attempt to do so before truck prices rise by INR 50,000 to 1,00,000, soon after BS-IV emission norms kick in from April 1, 2017. Mandatory AC in trucks regulation will also lead to increased burden in truck prices.
Moreover, this increase of seven percent despite demonetization is a clear indicator of truck buying surge that is going to take place in the next two months. Not to forget the 22 percent jump that Ashok Leyland stock prices have taken, just because of the surge due to truck buying anticipation.