A big jump in November sales number of Ashok Leyland has sent its share price up on Monday on the stock exchanges. The share price closed at Rs.26.45 on the Bombay Stock Exchange, up from Rs.25.05 on Friday last. On the National Stock Exchange (NSE), it gained 5.60 per cent to close at Rs.26.40. The company reported that it sold a total of 7,878 vehicles in November, up by 53 per cent over the same month last year.
While the sale of vehicles in the domestic market was up 67 per cent at 6,477 units, exports rose by 12 per cent to 1,401 vehicles.
M&M to re-start bookings for XUV500
Mahindra & Mahindra will reopen bookings for its XUV5OO in January 2012. It had received over 8,000 bookings in just ten days.
The company had sold out four months production of the XUV5OO and had, hence, temporarily deferred new bookings since October 11 across Mumbai, Pune, Delhi, Bangalore and Chennai. It expects to complete deliveries of these bookings by January next.
“Production for the XUV5OO is as per schedule. The company is also in the process of ramping up production at its plant in Chakan, which will enable it to reopen bookings next month,” says a release.
Audi's sales on track
Luxury carmaker Audi India sold 425 vehicles in November, 2011, up from 256 units in the same month last year.
In the first 11 months of 2011, the company sold 5,117 units, up from 2,791 units in the 11-month period in 2010. The company, in a release, claimed that it had hit the sales target for 2011 within 11 months.
Keywords: Ashok Leyland shares