Bajaj Auto skids after weak sales in January

Bajaj Auto slipped 1.22% to Rs 3249.45 after total domestic auto sales fell 3.11% to 3.94 lakh units in January 2020 as against 4.07 lakh units sold in January 2019

On sequential basis, total auto sales rose 17.26% in January 2020 from 3.36 lakh units in December 2019.

Total 2-wheeler domestic sales slipped 22% to 1.57 lakh units in January 2020 as against 2.03 lakh units reported in January 2019. Total 2-wheeler exports jumped 19% YoY to 1.74 lakh units in January 2020.

Total domestic sales (2 wheeler + CV) declined 17% to 1.92 lakh units in January 2020 as against 2.31 lakh units reported in January 2019. Total Exports rose 15% YoY to 2.01 lakh in Jan 2020 over Jan 2019.

 

Total Commercial Vehicles sales rose 10% to 62,131 units January 2020 as against 56,690 units reported in January 2019.

The two-wheeler major's consolidated net profit rose 8.32% to Rs 1,322.44 crore on a 1.99% rise in total income to Rs 8,005.88 crore in Q3 December 2019 over Q3 December 2018..

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

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