Bajaj Auto domestic 2-wheeler sales slump 22% in January1 min read . Updated: 04 Feb 2020, 10:56 AM IST
- Total two-wheeler sales, including exports, declined 5%
- Two-wheeler exports jumped 19%
New Delhi: India’s leading two-wheeler manufacturer Bajaj Auto Ltd on Tuesday posted 22% decline in its domestic two-wheeler sales in January.
Bajaj Auto dispatched 157,796 units of two-wheelers in January in the domestic market, against 203,358 units in the same month a year ago.
Total two-wheeler sales, including exports, declined 5% to 332,342 units. Two-wheeler exports jumped 19% in the reporting month.
Bajaj Auto’s total exports, comprising two-wheeler and commercial vehicles, increased 15% to 201,601 units in January.
Domestic commercial vehicle sales jumped 25% to 35,076 units, but exports declined 5% to 27,055 units.
At 1109 am, shares of Baja Auto traded 0.84% lower at ₹3262.00 apiece on BSE, while benchmark Sensex was 1.37% or 545.96 points up at 40,418.27.
For the quarter ended 31 December, the company reported 15% jump in net profit, driven by an improved operating margin.