Hot Pursuit     02-May-23
Bajaj Auto sells 3.31 lakh auto units in April'23; domestic sales up 102% YoY
The auto company's total auto sales increased by 7% to 3,31,278 units in April 2023 from 3,10,774 units sold in April 2022.

Bajaj Auto's total domestic sales more than doubled during the month to 2,13,172 units, up from 1,02,177 units sold in the same period last year. Exports in April 2023 aggregated to 1,18,106 units (down 43% YoY).

While the company's 2-wheeler sales rose by 2% to 2,87,985 units, sales of commercial vehicles jumped by 49% to 43,293 units in April 2023 as compared with April 2022.

Bajaj Auto is engaged in the business of development, manufacturing and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers etc. and parts thereof.

The auto major reported consolidated net profit rose 11.7% to Rs 1,704.74 crore on 11.97% increase in net sales to Rs 8,929.23 crore in Q4 FY23 over Q4 FY22.

The scrip advanced 0.45% to currently trade at Rs 4449.35 on the BSE.

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