Bajaj Auto clocks 52-week high post 31 per cent growth in sales in November
Bajaj Auto share price NSE: Bajaj Auto shares clocked a fresh 52-week high on Monday, December 4. The Pune-based company experienced a significant surge in sales in November.
Bajaj Auto share price NSE: Bajaj Auto shares clocked a fresh 52-week high on Monday, December 4. The Pune-based company experienced a significant surge in sales in November, with a 31 per cent increase compared to the same month last year. The total vehicle sales for the company reached 4,03,003 units, up from 3,06,719 units in November 2022.
Bajaj Auto shares gained as much as 2.8 per cent to hit a 52-week high of Rs 6,217.7 on the NSE in early morning deals. The counter finished 2.48 per cent higher at 6,196 on the NSE.
Domestic sales, encompassing both two-wheelers and commercial vehicles, showed remarkable growth, reaching 2,57,744 units, a substantial 69 per cent increase compared to 1,52,883 units in November 2022. However, exports during the same period experienced a 6 per cent decline, decreasing from 1,53,836 vehicles to 1,45,259 units.
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Specifically, domestic sales of two-wheelers saw a notable increase of 77 per cent, reaching 2,18,597 units compared to 1,23,657 units in November 2022. On the other hand, exports of two-wheelers declined by 6 per cent, totalling 1,30,451 units in the previous month.
Overall, the total two-wheeler sales in November 2023 amounted to 3,49,048 units, marking a substantial 33 per cent growth over the corresponding month in the previous year. Commercial vehicle sales for the same period reached 53,955 units, as reported by the company.
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Bajaj Auto shares have rallied over 70 per cent so far this year, outperforming Nifty Auto, which has risen nearly 40 per cent so far. (January 2, 2023)
With input from PTI
04:16 PM IST