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Ashok Leyland witnessed a sharp increase in the sale of medium and heavy commercial vehicles (M&HCV) during October 2014 compared to the same month in the previous year.
However the sale of light commercial vehicles (LCV) witnessed a marginal decline in October 2014 as compared to the corresponding month in October 2013.
In its filings with the stock exchanges, Ashok Leyland said the company sold 5,838 M&HCVs during October 2014 as compared to 4,093 vehicles in October last year, a 43 per cent jump. The sale of LCVs, however, came down to 2,537 units in October this year from 2,710 vehicles in October 2013, a 6 per cent decline. The total vehicle sales were higher by 23 per cent at 8,375 units in October 2014 as against 6,803 units in the corresponding month last year.
In the April to October period in 2014, the cumulative vehicle sales increased by 4 per cent to 53,694 units as compared to 51,644 units in the same period last year.
Near the close, shares of Ashok Leyland were trading at Rs 46.50, an increase of 15 paise, on the BSE.
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