Ashok Leyland rose 1.81% to Rs 112.65 after the commercial vehicles maker's total sales jumped 11% to 13,126 units in January 2021 from 11,850 units sold in January 2020.
Sequentially, the company's total auto sales advanced 2.85% last month from 12,762 units sold in December 2020.
Ashok Leyland's domestic sales stood at 12,359 units in January 2021 as against 10,850 units in January 2020, registering a 14% increase year-on-year (Y-o-Y).
On a consolidated basis, Ashok Leyland reported a net loss of Rs 96.23 crore in Q2 September 2020 as compared to a net profit of Rs 69.95 crore in Q2 September 2019. Net sales declined 23.8% to Rs 3,835.85 crore in Q2 September 2020 over Q2 September 2019.
Ashok Leyland, flagship of the Hinduja group, is among the largest manufacturer of commercial vehicles in India and also among the biggest manufacturers of buses and trucks globally.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU