Bajaj Auto falls post March sales numbers

The company has reported 10% year-on-year drop in total sales at 301,231 units for the month of March 2013.

Bajaj Auto is trading lower by 2% at Rs 1,752 after reporting 10% year-on-year (yoy) drop in total sales at 301,231 units for the month of March 2013. The country’s second largest two-wheeler maker had sold 335,515 units during the same month previous year.

 

Within this motorcycles saw an 11% fall in sales, while commercial vehicles fell by 1%. Total exports too, declined 6% at 101,374 units, according to a press release on the Bombay Stock Exchange (BSE). 

 

Meanwhile, the Pune-based company has reported a 3% yoy drop in its total sales at 4.24 million units during the entire financial year 2012-13, against 4.35 million units sold in FY11-12.

 

The stock opened at Rs 1,784 and hit a low of Rs 1,743 on NSE. A combined around 120,000 shares have changed hands on the counter so far on NSE and BSE.