The pandemic and lockdown that is in place across the country continued to dampen consumer sentiment.
02 Jul 2020 | 51152 Views | By Sricharan R
Ashok Leyland, the second largest commercial vehicle OEM in the country, 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.
June sales for the company comprised 559 ...
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Ashok Leyland, the second largest commercial vehicle OEM in the country, 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.
June sales for the company comprised 559 M&HCV trucks (-91% YoY) and 13 buses (-99% YoY). In terms of LCVs,the company sold 1,560 units (-64%).
For Q1 FY2021, Ashok Leyland sold 38,004 CVs (-91%), comprising 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 facing a turbulent time for a number of 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 adversely.
Read more:
CV sales down 84% in Q1, OEMs brace for difficult FY2021