Bajaj Auto stock update

Country’s second largest two-wheeler maker Bajaj Auto on Sunday reported a 12 per cent dip in its motorcycle sales (including exports) during June at 1,62,253 units as against 1,83,549 units in the corresponding month last year. The exports during the month, however, grew 42 per cent to 48,675 units, compared to 34,369 units in June last year, Bajaj Auto Limited(BAL) said. Three-wheeler sales declined by 11 per cent in the month to 22,866 units, down from 25,687 units in the same month last year, while total two and three-wheeler sales dipped by 12 per cent to 1,87,624 units.

quarterly results: 

For the quarter ended June 30, the Bajaj’s motorcycle sales (including exports) were down by 13 per cent to 4,93,565 units, compared to 5,68,187 units in the year ago quarter.Total three-wheeler sales during the quarter under review were up marginally by one per cent to 71,336 units while exports were up 52 per cent to 1,49,804 units. Bajaj reported a total sales of 5,71,113 units during the first quarter of this fiscal, down 12 per cent from 6,49,496 units reported in the corresponding quarter of previous fiscal.

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