Ashok Leyland Shares Rose Over 2% After Release of December 2024 Sales

On January 2, 2025, Ashok Leyland’s share price surged by over 2%, reaching a day-high of ₹228.10 by 10:00 AM, up from an opening price of ₹224.60. The increase in Ashok Leyland share price followed the release of the company’s December 2024 sales update.

Ashok Leyland reported better-than-expected sales for December 2024, with total sales increasing by 5% year-on-year. The company sold 16,957 units in December, compared to 16,154 units in the same month last year. This figure surpassed market estimates of 16,600 units, according to a CNBC-TV18 poll.

The company’s medium and heavy commercial vehicles (M&HCV) segment experienced an 8% year-on-year growth, with sales rising to 11,474 units from 10,630 units in the same period last year. This growth was primarily driven by the truck segment.

Fall in Light Commercial Vehicle (LCV) Sales

In contrast, light commercial vehicle (LCV) sales saw a slight decline of 1% YoY, dropping to 5,483 units from 5,524 units in December 2023. Truck sales, however, rose by 11%, while bus sales fell by 3% year-on-year.

Price Increase For Commercial Vehicles

In a separate business update, Ashok Leyland announced a price hike of up to 3% across its entire range of commercial vehicles, effective January 2025. The price increase will vary depending on the model and variant. The decision comes in response to inflationary pressures and higher commodity prices, which have impacted input costs. The price increase is expected to mitigate some of these cost challenges.

Ashok Leyland remains focused on innovation, operational excellence, and sustainability in the commercial vehicle sector, aiming to continue its leadership in the industry.

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