Shares of Ashok Leyland corrected nearly 1% on March 1 after the company said sales rose 27% in February, but exports fell 27.1%.

The company sold 18,571 vehicles in February, a sharp 27% jump from a year earlier, driven mainly by domestic results.

Domestic sales rose 32% to 17,568 units, with sales of medium and heavy commercial vehicles up 42% year-on-year to 11,767 units.

The company sold 12,668 medium and heavy commercial vehicles, a year-on-year increase of 35%, and light commercial vehicle sales increased by 12% year-on-year to 5,903 units.

The company exported 1,003 vehicles that month, a decrease of 27.1% compared with 1,376 vehicles in the same period last year. Exports accounted for only 5.4% of sales.

The stock was down 0.8% at Rs 144.4 at 1:43 pm.

During the April-February period, Ashok Leyland sold 168,000 vehicles, up 56% from the same period in the previous fiscal.

Domestic sales rose 60% year-on-year to 158,000 vehicles, while exports rose 8.5% to 10,248 vehicles.