Bajaj Auto reports poor sales in March

Bajaj Auto reported 38% slide in total sales (commercial vehicles+two-wheelers) to 2.42 lakh units in March 2020 as against 3.93 lakh units in March 2019.

The sales figures were announced before market hours today, 3 April 2020.

Bajaj Auto registered a 35% fall in the two-wheeler sales to 2.10 lakh units in March 2020 over 3.23 lakh units in March 2019. Sale of commercial vehicles slumped 55% to 31,599 units in March 2020 as compared to 69,813 units in March 2019. The total sales (commercial vehicles+two-wheelers) tumbled 38% to 2.42 lakh units in March 2020 as against 3.93 lakh units in March 2019.

 

Shares of Bajaj Auto was trading 3.04% lower at Rs 1,989.60 on BSE. The stock traded in the range of Rs 1,980 to Rs 2,052 so far.

The two-wheeler major's consolidated net profit rose 8.33% to Rs 1,322.44 crore on a 2.67% 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.

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