Ashok Leyland Limited (ALL) reported 26% yoy and 11% mom volume growth for the month of September 2018. Total sales were 19,373 units in September 2018 vs 15,371 units in September 2017 and 17,386 units in August 2018. The volume number marginally missed BloombergQuint poll estimate of 19,500 units for September 2018. However, it was satisfactory to note that volume growth came on a high base of September 2017 when volume was up 28% yoy (13% mom).
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