Ashok Leyland and Eicher Motors Limited have both reported de-growth for March 2020
Ashok Leyland has reported a 90 percent decline in total sales volumes for the month of March 2020. The company that has shut down its operations in view of the COVID-19 pandemic sold a total of 2,179 units both in domestic and in export markets. This was as against 21,535 units sold in the same period of last year.
Taking into account medium and heavy commercial vehicles, sales dipped 93 percent to 918 units while sales of buses dipped 62 percent to 913 units in the past month. This was against sales of 13,620 units and 2,414 units sold respectively in March 2019. Sales of light commercial vehicles also declined by 94 percent to 348 units as compared to 5,501 units sold in March 2019.
Ashok Leyland Sales Report – March 2020
It was also in the period from April 2019 to March 2020 that the company noted a dip in overall sales which fell 37 percent to 1,25,252 units as compared to total sales of 1,97,366 units sold in the same period of the previous year.
Ashok Leyland has also entered into an alliance with government authorities to tackle the COVID-19 pandemic. The company is supplying 3 ply masks, N95 masks and disposable gloves along with liquid handwash and sanitizers for health service personnel. The company has also deployed 10 vehicles with drivers for emergency services to be used by the health departments.
Volvo Eicher Sales Report – March 2020
De-growth was also announced by Eicher Motors Limited. The company sold 1,499 units in the past month as compared to 8,676 units in March 2019, thus registering an 82.7 percent de-growth. A total of 1,476 Eicher trucks and buses were sold in March 2020 as against 8,545 units sold in March 2019.
In domestic markets, sales stood at 1,409 units, down 80.8 percent as compared to 7,329 units sold in March 2019. Exports also dipped significantly by as much as 94.5 percent to 67 units as against 1,216 units exported in the same month of the previous year. Total Volvo trucks sold in the past month stood at 23 units, down 82.4 percent as against 131 units sold in March 2019.
When assessing total year to date sales of Eicher Motors, it was noted that total Eicher truck and buses sales stood at 47,614 units in the April 2019-March 2020 period, down 33.6 percent as against 71,743 units sold in the same period of the previous year. Exports also dipped 54.4 percent to 4,568 units during the April to March 2020 period as compared to 10,010 units exported in the same period of the previous year. Volvo truck sales dipped 9.7 percent to 1,107 units thus taking total sales down 33.2 percent to 48,721 units from 72,969 units.