Ashok Leyland hits record high on strong December sales

Shares in Ashok Leyland has surged 6% to Rs 56.50, also its record high on BSE, after the company said it has reported 48% year-on-year jump in total sales at 9,290 units in December 2014. Auto major had sold 6,275 units during the same month of 2013.

Sales of medium and heavy commercial vehicles soared 85% in December 2014 to 7,210 units as against 3,890 units sold during the same month of previous year, Ashok Leyland said in a statement.

Sales of light commercial vehicles, however, declined 13% to 2,080 units in December 2014 from 2,385 units sold in the same month last year, it added.

The counter has seen huge trading volumes with a combined 8.21 million shares changed hands till 0930 hours on BSE and NSE.

Ashok Leyland Limited