Feb 3, 2020
Mumbai: India’s second-largest commercial vehicle (CV) manufacturer, Ashok Leyland on Monday reported 39.9 per cent decline in total sales at 11,850 units in January. Commercial Vehicle sales is often considered to be a proxy for the industrial growth in the country.
Ashok Leyland had sold 19,741 units in comparable period last year according to its regulatory filing. The Chennai-based company said its total domestic vehicle sales stood at 10,850 units in January against 18,533 units in the same month a year ago, logging a 41.4 per cent decline.
In the medium and heavy commercial vehicles (M&HCV) segment the sales in the domestic market fell by 49.1 per cent at 6,949 units in January this year, against 13,663 units in January last year.
Light commercial vehicle sales last month stood at 3,901 units as compared to 4,870 units in January 2019, down 19.8 per cent.
Shares of Ashok Leyland were trading at Rs 76.95 a piece on BSE, down 0.06 per cent from the previous close. IANS
India’s forex, money markets have doubled in last 4 years: RBI Governor
Mumbai: India’s financial markets have developed into a dynamic and resilient force to fuel economic growth with an almost doubling of the foreign exchange market from $32 billion in 2020...
MTNL defaults on over Rs 8,300 crore loan repayments, debt surges
Mumbai: Mahanagar Telephone Nigam Limited (MTNL) on Saturday said it has defaulted on loan repayments of over Rs 8,300 crore to multiple banks. According to its stock exchange filing, the...
India’s pharma exports surpass $30 billion in FY25, US top market
New Delhi: In a significant achievement, the pharmaceutical exports from India crossed $30 billion in the last financial year (FY25), with the US remaining as a key market with more...
Indian stock markets rally over 4.5 pc in holiday-shortened week
Mumbai: Indian benchmark indices wrapped up the week on a strong recovery by surging over 4.5 per cent -- driven by positive signals from both domestic and global factors, experts...
India’s forex rises for 6th straight week to touch $677.84 billion
Mumbai: India's foreign exchange reserves rose by $1.57 billion to $677.84 billion for the week ended April 11, according to the weekly data released by the RBI on Friday. This...
NITI Aayog CEO bets big on India’s demographic dividend
New Delhi: NITI Aayog CEO B. V. R. Subrahmanyam sees India emerging as the world's education hub and a stable supplier of working-age people across the globe, as population has...
Smartphones become India’s top export in first 10 months of FY25: Ashwini Vaishnaw
New Delhi: In a historic achievement, smartphones emerged as India’s largest export category in the first 10 months of FY25 -- marking a major success story under the government’s production-linked...
India’s organic food exports register 35 pc jump, to cross $665 million in FY25
New Delhi: India’s export of organic food products registered a robust 35 per cent increase to $665.96 million (around Rs 5,700 crore) during the financial year ended on March 31,...
Indian stock market cheers US tariffs relief; Sensex jumps 1,578 points
Mumbai: Indian stock markets saw a strong rally on Tuesday as benchmark indices surged over the 90-day reciprocal tariffs relief by the US administration, amid similar relief likely for the...
AI spending in India set to reach $9.2 billion by 2028: Report
New Delhi: Artificial intelligence (AI) spending in India is set to grow at 35 per cent annually, reaching $9.2 billion by 2028, a report showed on Tuesday. This emphasises the...
US dollar falls for 5th straight day amid tariff tensions
New Delhi: The US dollar fell 0.7 per cent on Monday -- marking its fifth day of decline in a row. It pushed the DXY index, which measures the dollar’s...
Crisil projects 6.5 pc GDP growth for India in fiscal 2026 amid US tariffs
New Delh: While US tariff hikes remain a key risk to growth forecast, global credit rating agency Crisil on Monday projected 6.5 per cent GDP growth for India in fiscal...
