Bajaj Auto Feb sales dips 10% at 3.54 lakh units

The two-wheeler major's total auto sales fell 10% to 354,913 units in February 2020 as against 393,089 units sold in February 2019.

Total sales fell 10.03% from 394,473 units in January 2020.

Total domestic sales (2 wheeler + CV) declined 24% to 168,747 units in February 2020 as against 221,706 units in February 2019. Total exports rose 9% to 186,166 in February 2020 from 171,383 units in February 2019.

Total 2-wheeler sales in February 2020 stood at 310,222 units, down by 5% from 327,985 units in February 2019. Total commercial vehicles sales declined by 31% to 44,691 units February 2020 as against 65,104 units reported in February 2019.

The two-wheeler major's consolidated net profit rose 8.3% to Rs 1,322.44 crore on a 2.7% rise in net sales to Rs 7,436.42 crore in Q3 December 2019 over Q3 December 2018..

Bajaj Auto manufactures of motorcycles, three-wheelers and parts.

Shares of Bajaj Auto were currently up 0.71% at Rs 2911.05 on bargain hunting. It has traded in the range of Rs 2888 and Rs 2944 so far during the day.

The stock fell 6.45% in six trading sessions to Rs 2,890.45 on Friday, 28 February 2020, from its recent closing high of Rs 3,089.90 on 19 February 2020.

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