Ashok Leyland sold 2,132 CVs in June 2020

The second largest CV maker in the country Ashok Leyland sold 2,132 CVs in June 2020. This is a sharp 82 percent drop in sales YoY (June 2019 sales:12085 units). The pandemic and lockdown that is in place across the country continued to dampen consumer sentiment.

The June sales comprised of 559 M&HCV truck (-91% YoY) and 13 buses (-99% YoY). In terms of LCV sales the company sold 1,560 units (-64%).

For Q1 FY2021, Ashok Leyland sold 38,004 CVs (-91%), compromising of 21,095 M&HCV Trucks (-97%), 13 M&HCV Buses (-100%) and 12,671 LCVs (-79%).

The CV sector along with the rest of the automotive industry has been tackling a rough patch for several reasons even before the pandemic crippled businesses globally. Several factors including weak economic activity, transition to BS VI and revised axle norms have impacted sales.