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Ashok Leyland (ASHLEY)
• Ashok Leyland has seen a second consecutive month of
slowdown in volumes as the company is grappling with
production hassles post the BS-III norms, especially in the higher
tonnage segment
• The M&HCV passenger segment has performed well with a 16.2%
MoM and 32.7% YoY jump to 2,233 mainly due to state transport
units and JNURM pending orders. The company has launched the
new U-Truck platform vehicles. The company expects it to provide
the necessary traction in the commercial/goods segment that has
been languishing. The MHCV goods segment saw 2.6% YoY and
24.0% MoM decline at 2,859 units
• Exports have maintained traction, going forward, with a strong
order book from the South East Asian region and the Indian
subcontinent as sales reached 1,252 units, a 173.4% YoY and a
10.6% MoM jump with export contribution galloping to 24.4%
from 9.8% YoY.
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