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Ashok Leyland reports 5% decline in July sales on degrowth in MHCV biz

Ashok Leyland which is India’s second largest commercial vehicle maker, has reported lower sales growth in July.

It has said that during the month, the total sales has declined 5 percent year-on-year to 10,492 vehicles impacted by MHCV segment which is a major contributor to sales.

The sale of medium & heavy commercial vehicle has declined 7 percent to 8,182 units whereas light commercial vehicle sales grew by 4 percent to 2,310 units compared with previous year.

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