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Commercial vehicles major Ashok Leyland on Tuesday said its manufacturing plants will be operational only for up to 10 days in the month of June due to lower demand and lockdown in states where its plants are located. Our plants are still not fully operational due to lockdown that is ongoing in the states where our plants are located. We expect the opening up announcements by the respective state governments in a phased manner, resulting in impact of our operations in the month of June 2021 also, Ashok Leyland said in a regulatory filing. The commercial vehicles major said demand is still to pick up due to lock down.
Ashok Leyland announced that the company s plants are still not fully operational due to lock down that is ongoing in the states where its plants are located.
The company expects the opening up announcements by the respective state governments in a phased manner, resulting in impact of its operations in the month of June 2021 also.
The company also notes that the demand scenario is still to pick up due to lock down.
n view of the above, the company expect that its plants will be operational only for 5-10 days, for the month of June 2021.
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Read more about Ashok Leyland May sales rise to 3,199 units from 1,420 units in April on Business Standard. Commercial vehicles major Ashok Leyland Ltd closed last month with sales of 3,199 units up from 1,420 units sold in May 2020.
The total vehicle sales (domestic+exports) of Ashok Leyland stood at 8,340 units in April 2021.
Sequentially, total sales slumped 51.59% to 8,340 units in April 2021 from 17,231 units recorded in March 2021.
On a month-on-month (M-o-M) basis, total domestic sales slumped 49.48% to 7,961 units in April 2021 as against 15,761 units in March 2021.
Meanwhile, the company, on Sunday, 2 May 2021, said that the operations of the plants have been scaled down and are expected to work for 7-15 days in May 2021 due to Covid-related protocols.
Ashok Leyland s consolidated net profit tanked 32.9% to Rs 38.32 crore on a 15.2% surge in net sales to Rs 5,928.15 crore in Q3 December 2020 over Q3 December 2019.