Bajaj Auto share price hits life-time high as May auto sale jumps 29%
1 min read 01 Jun 2023, 12:19 PM ISTBajaj Auto's share price hits lifetime high as it reports a 29% rise in May 2023 auto sales, with domestic two-wheeler sales up over 100%
PremiumBajaj Auto shares have been in uptrend since early morning deals as the auto major has reported big monthly upside in is auto sales during May 2023. Bajaj Auto share price today opened upside and went on to hit intraday high of ₹4,669.80 apiece levels, its new life-time high on NSE. While climbing to its new peak, Bajaj Auto share price logged around 2 per cent intraday rise on Thursday.
Bajaj Auto's May auto sale details
In May 2023, Bajaj Auto sold out 3.55 lakh vehicles that stood at 2.75 lakh in May 2022. This means, the auto major logged to the tune of 29 per cent rise in its May auto sale numbers. In two wheeler segment, Bajaj Auto's may auto sales stood at 3.07 lakh, around 23 per cent higher from its May 2022 sales of 2.49 lakh. Indian auto major logged over 100 per cent rise in two wheeler auto sales during May 2023 in domestic market. In domestic markets, Bajaj Auto sales stood at around 1.95 lakh that stood at 96,102 in May 2022.
In commercial vehicles segment, Bajaj Auto reported net sales of 33,590 in domestic market, which is 107 per cent higher from its commercial auto sales in domestic market during May 2022. In May 2022, commercial auto sales of Bajaj Auto stood at 16,206. Bajaj Auto exported 13,862 commercial vehicles in May 2023, logging 36 per cent jump against 10,163 commercial vehicles exported in May 2022. So, Bajaj Auto sold out 47,452 commercial vehicles in May 2023, which is 80 per cent higher from 26,369 commercial vehicles sold out in May 2022.
Bajaj Auto share price history
Bajaj Auto share price has been in uptrend since October 2022. In last one month, the auto major has logged over 3 per cent rise whereas in YTD time, it has risen to the tune of 30 per cent. In last six months, Bajaj Auto share price has surged from around ₹3,700 to ₹4,645 apiece levels, logging near 25 per cent rise in this time. In last one year, this auto stock has risen around 25 per cent as the stock was under base building mode till September 2022. In post-Covid rebound, Bajaj Auto share price has surged from around ₹2,033 to ₹4,645 apiece levels, delivering multibagger return to its positional investors in last three years.
