Ashok Leyland CVs

Commercial vehicle maker Ashok Leyland on Monday said its total vehicle sales, including exports, jumped 58 per cent year-on-year to 13,625 units in July. The company had sold a total of 8,650 vehicles in the same month last year, Ashok Leyland said in a statement. Sales of Medium & Heavy Commercial Vehicles (M&HCV), which include trucks and buses, rose 113 per cent to 8,148 units last month compared to 3,822 units sold in July 2021. The Light Commercial Vehicle (LCV) segment sales also increased 13 per cent to 5,477 units last month in comparison to July 2021 sales of 4,828 vehicles, Ashok Leyland said. Total domestic sales (M&HCV+LCV) during the previous month stood at 12,715 units, an increase of 56 per cent over 8,129 units in July 2021, the company said.

The commercial vehicles major said its manufacturing plants would be operational only for up to 10 days in the month of June due to lower demand and lockdown in states where its plants were located

Company's Light commercial Vehicle (LCV) sales grew by 20 per cent to 4,567 units from 3,816 units

Auto industry body SIAM has been urging the government to reduce the GST rate on vehicles from 28 to 18 per cent, and to introduce an incentive-based scrappage policy

A good scrappage policy could help improve efficiency of our transport fleet, reduce pollution and also help boost demand, said Vipin Sondhi

M&HCV volume during 2019-20 (April to December) dropped by 36.39 per cent to 1,76,202 units as against 2,78,319 units, a year ago

Dheeraj Hinduja is positive the bad times are over and hopes to see his company become a top-10 CV player going forward

Said performance was remarkable, when industry sales volume was static, amidst demonetisation