Bajaj Auto September sales fall 1% YoY to 3.92 lakh units
Bajaj Auto. Also Read: Maruti Suzuki, Hero Moto, Eicher Motors, among other auto stocks fall; Nifty Auto down over 1% Domestic two-wheeler sales fell 9% to 2,02,510 units from 2,22,912 units, YoY. Exports of two-wheelers were marginally down at 1,25,202 units last month from 1,25,443 units in September last year.
Total commercial vehicle (CV) sales increased 40% to 64,846 units as against 46,392 units in the same month last year, the company said. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Domestic CV sales jumped 60% YoY to 50,683 units, the company’s highest ever domestic CV sales. Exports declined by 3% to 14,163 units.
Meanwhile, in the first half of fiscal year 2023-2024 (April-September), Bajaj Auto’s total wholesales declined marginally to 20,81,360 units from 20,84,658 units. Also Read: TVS Motors September sales grow 6% YoY to 4.2 lakh units The company's total domestic sales in H1FY24 increased 22% YoY to 12,79,112 units, while exports during the period dipped 23% YoY to 8,02,248 units. Bajaj Auto share price has seen a decent rally this year as the stock has risen 39% year-to-date (YTD).
Bajaj Auto shares have gained over 9% in the last three months. At 10:35 am, Bajaj Auto shares were trading 0.39% lower at ₹5,042.80 apiece on the BSE. Catch Live Market Updates here"Exciting news! Mint is now on WhatsApp Channels
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