Bajaj Auto weakens after October sales drop 9%

The company reported 8.6% drop in total sales at 3,52,822 units in October 2015 compared with 3,86,017 units in October 2014.

Bajaj Auto launched three variants  of its cruiser bike, Avenger on Tuesday
Bajaj Auto launched three variants of its cruiser bike, Avenger on Tuesday
SI Reporter Mumbai
Last Updated : Nov 02 2015 | 12:47 PM IST
Shares of Bajaj Auto were down over 4% at Rs 2,439 on the Bombay Stock Exchange after the company reported 8.6% drop in total sales at 3,52,822 units in October 2015 compared with  3,86,017 units in October 2014.

Further, sales of commercial vehicles droppped 10% at 44,089 in October 2015 compared with 49,094 units in October 2014, the company said in a release adding that it includes 'Qute' export sales of 36 units.

Export sales during October 2015 declined 19% to 1,27,645 units compared with 1,58,547 units in October 2014, the release added.

Also Read

The stock opened at Rs 2,530 and touched a high of Rs 2,555. At 12:15pm, over 282,000 shares were traded on both the stock exchanges.


*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 02 2015 | 12:20 PM IST

Next Story