Bajaj Autos domestic sales rise 20% in July, stock price up
The company said that its July sales in domestic market stood at 1,98,022 units as against 1,65,541 units in the same month of last year. However, exports slumped leading a decrease in its total sales for the month, at 3,29,833 units as against 3,30,231 units in July 2015.
Bajaj Auto sold 20% more two-wheelers in July, the company said in a statement.
The company said that its July sales in domestic market stood at 1,98,022 units as against 1,65,541 units in the same month of last year. However, exports slumped leading a decrease in its total sales for the month, at 3,29,833 units as against 3,30,231 units in July 2015.
Total exports for the month stood at 1,31,811 declining by 20% from 1,64,690 units in July 2015.
The domestic sales was tapped by robust motorcycle sales performance. Around 1,74,324 units of motorcycle were sold, increasing 21% from 1,43,671 sold in July 2015.
On year-to-date (YTD), a total of 13,24,566 units have been sold, a decline of 1.39% compared to 13,43,260 in the same period of previous financial year.
By far, exports have declined by 22%, by selling only 5,02,460 vehicles YTD versus 6,41,186 vehicles last year.
Domestic sales have continued to outperform, by rising 17% with sales of more than 8,22,000 units year-to-date against 7,02,000 units in financial year 2016.
The share price of Bajaj Auto soared y 15.05 points or 0.55% to Rs 2750.45.
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