Hot Pursuit     03-Jul-23
Bajaj Auto skid after muted sales in June
Bajaj Auto fell 1.18% to Rs 4,637 after the auto major's total auto sales declined 2% to 3,40,981 units in June 2023 as against 3,47,004 units sold in June 2022.

Domestic sales jumped 45% to 1,99,983 units in June 2023 as compared to 1,38,351 units in June 2022. Exports dropped 32% to 1,40,998 units in June 2023 as against 2,08,653 units sold in the same period last year.

The company sold 2,93,649 two-wheeler units (down 7% YoY) and 47,332 commercial vehicle units (up 21% YoY) in June 2023.

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.

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