You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Bajaj Auto advances after auto sales rise 5% MoM in April

Capital Market 

Bajaj Auto gained 1.63% to Rs 3893.55 after the company's total sales increased 5% to 388,016 units in April 2021 from 3,69,448 units sold in March 2021.

The company had recorded total sales of 37,878 units in April 2020.

While domestic sales stood at 134,471 units, exports were reported at 253,545 units in April 2021.

In the two-wheeler space, the company recorded total sales of 348,173 units while total commercial vehicles sales were at 39,843 units in April 2021.

Bajaj Auto is the world's third largest manufacturer of motorcycles and the largest manufacturer of three wheelers.

On a standalone basis, the company recorded 2% increase in net profit to Rs 1,332 crore on 26% rise in revenue from operations to Rs 8,596 crore in Q4 FY21 over Q4 FY20.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, May 03 2021. 13:05 IST