Bajaj Auto Domestic Sales Decline, Exports Up By 46%

Bajaj Auto reported a decline in its total sales in April 2017, by 0.3 per cent to 3.29 lakh units against a sale of 3.30 lakh units in April 2016. A drop in the domestic sales by 21 per cent to 177,887 units from 226,133 units in the same month a year ago, as an affect of the BS III vehicle ban dampened the total sales of the company.

However, the exports fared well for the company in all the segments. The company’s export sales rose by 46 per cent 1.51 lakh units against 1.03 lakh units in April 2016. With the motorcycles in focus, the two wheeler exports rose by 44 per cent to 1.32 lakh units Y-o-Y.

While the motorcycle sales rose by one per cent in April 2017 from the same month in the previous year, the domestic sales of two-wheelers fell 19 per cent to 1.61 lakh units. Further, the sales of commercial vehicle (3-wheeler) also fell 6 per cent in April 2017, to 35,868 units against 38,211 units April 2016.

At 10:25 hours IST, the stock price was quoting at Rs 2,923.95, up Rs 0.90 per cent on May 3, 2017, on the BSE.

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