Business Daily from THE HINDU group of publications
Friday, Mar 07, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Mar 07, 2008 ePaper | Mobile/PDA Version |
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Corporate
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Performance Ashok Leyland sales dip Our Bureau Chennai, March 6 Ashok Leyland’s domestic sales continue to dip even during February 2008 as the company witnessed a drop of 8 per cent. The total domestic sales for the company were 6,824 units during February 2008 against 7,353 units during same period last year. According to company press release, the domestic sales during the first nine months of this fiscal dropped by 4 per cent to 66,481 units. LCV segmentThe drop was in all segments except Light Commercial Vehicles where it witnessed 46 per cent growth during this period. This segment, represented by the ‘E Comet’ truck, recorded sales of 536 units against 288 during the same period last year. “This was due to concentrated efforts for E-Comet especially in South India,” said the Executive Director of Ashok Leyland, Mr Rajive Saharia. Total sales dropped by about 3 per cent to 72,611 units during the same period. The release said that the company would pass on to customers the excise duty reduction announced in the Union Budget 2008-09, with respect to trucks and buses. The new prices have come into effect starting 5th March 2008, the release added. It may be noted that the company raised prices by 2.5 per cent (about Rs 13,000 more per vehicle), just a day before the Union Budget due to increase in input costs. More Stories on : Performance | HCV/LCV/Tractors
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