Commercial and light commercial vehicle manufacturer Ashok Leyland Ltd
has witnessed a 32 per cent drop in total vehicle sales during September this year compared to the corresponding month in the previous year.
Its small commercial vehicle model DOST, which caters to the lower end of the transportation segment with a payload of 1.25 tonnes facilitating aggregation of small loads, did not escape the ongoing economic recession recording a 17 per cent drop in sales.
In its filings with the stock exchanges, Ashok Leyland reported sales of 4,715 commercial vehicles during the last month compared to 7,593 units in the same month in 2012, representing a 38 per cent drop in sales.
Sales of DOST fell to 2,517 units in September 2013 from 3,027 units in the same month last year, a 17 per cent fall. The total sales of both segments during September this year was 7,232 units compared to 10,620 units in Sept 2012, a 32 per cent decline.
In the first six months of the current fiscal, the company's total sales were 44,841 units of CVs and SCVs against 57,324 units in the first half of last year, marking a 22 per cent decline in sales.