BackBajaj Auto sales rise 4% in May
Exports, which expanded 40% to 156,179 units, drove volume growth
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Mumbai: May sales at Bajaj Auto Ltd, India’s largest exporter of motorcycles and three-wheelers, rose 4% to 351,436 units compared with a year ago, the company said in a statement on Monday.
Exports, which expanded 40% to 156,179 units, drove volume growth. The company’s commercial vehicle sales also jumped 11% to 38,416 units.
Bajaj Auto’s sales volume in both domestic and exports market is likely to continue to grow in the forthcoming months. While new models will push sales in the local market, lifting of an export ban to Egypt—the company’s second biggest export market for three wheelers after Sri Lanka—will prop up the overall volumes.
At 10:28am, Bajaj Auto’s shares were up 0.94% to ₹ 1,971.60 apiece. The benchmark Sensex was up 0.49% to 24,337.10.
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