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For April, Ashok Leyland sales volume shocked us (15% yoy dip), only automobile company to do
so. The slowdown in South India impacted its volume and ballooned inventory. Considering
recent RBI tight credit policy and expected fuel price hike, we will be reviewing volume growth
and recommendation.
Visit http://indiaer.blogspot.com/ for complete details �� ��
For April, Ashok Leyland sales volume shocked us (15% yoy dip), only automobile company to do
so. The slowdown in South India impacted its volume and ballooned inventory. Considering
recent RBI tight credit policy and expected fuel price hike, we will be reviewing volume growth
and recommendation.