comScore
Active Stocks
Fri Sep 29 2023 15:59:14
  1. Tata Steel share price
  2. 129 1.78%
  1. NTPC share price
  2. 245.65 3.3%
  1. Power Grid Corporation Of India share price
  2. 199.85 -0.45%
  1. State Bank Of India share price
  2. 598.7 1.48%
  1. Wipro share price
  2. 406.25 0.11%
Business News/ Auto News / Bajaj Auto's total vehicle sales decline in January
Back

Bajaj Auto's total vehicle sales decline in January

Bajaj Auto: Sales of two-wheeler dropped 25% at 2,41,107 units in January 2023

In December, Bajaj Auto reported 16% to 1,73,270 units as against 1,49,656 units in January 2022Premium
In December, Bajaj Auto reported 16% to 1,73,270 units as against 1,49,656 units in January 2022

Bajaj Auto reported a decline in its total vehicle sales in January. The automaker posted a 21% dip at 2,85,995 units last month.

The company's vehicle sales stood at 3,63,443 units in the year-ago period.

Sales of two-wheeler dropped 25% at 2,41,107 units in January 2023 compared to 3,23,430 vehicles sold in the same month the previous year, with domestic sales rising 4% at 1,40,428 units and exports declining a whopping 46% at 1,00,679 during the period under review over 2022.

In December, Bajaj Auto reported 16% to 1,73,270 units as against 1,49,656 units in January 2022.

Exports declined 47% year-on-year at 1,12,725 units, according to a company statement.

Bajaj Auto shipped out a total of 2,13,787 vehicles to various overseas markets in January 2022.

In the December quarter, the profit of two- and three-wheeler maker's profit increased nearly 23% to 14.91 billion for the quarter that ended 31 December.

The company's revenue from operations increased by 3% to 93.15 billion helped by demand for sports motorbikes during the festive season when many Indians make big-ticket purchases.

The company's two-wheeler exports to Africa including Nigeria, Uganda, and the Democratic Republic of Congo contributed to more than half of its motorcycle exports in the last fiscal year.

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

Catch all the Auto News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Updated: 01 Feb 2023, 01:45 PM IST
Next Story
Recommended For You
Switch to the Mint app for fast and personalized news - Get App