Ashok Leyland slips 3% as plant shut for 9 days

INSUBCONTINENT EXCLUSIVE:
Pantnagar will remain closed from July 16-24, owing to weak demand and outlook for the industry
The scrip was trading 3.16 per cent down at Rs 82.80, while the BSE Sensex was 0.05 per cent lower at 38,877 at around the same time. The
Hinduja group flagship firm earlier posted 19 per cent fall in total vehicle sales at 12,810 units in June as against 15,792 units in the
same month last year. Total domestic sales were at 12,085 units last month as compared to 14,091 units in June last year, down 14 per
cent. Medium and heavy commercial vehicles (M-HCV) sales in domestic market were down 19 per cent at 7,780 units in June this year, as
compared to 9,616 units in the year-ago month, the company said in a regulatory filing
Light commercial vehicle sales last month stood at 4,305 units as compared to 4,475 units in June 2018, down 4 per cent, the company said.