new Delhi: India's main two-wheeler producer Bajaj Auto Ltd reported an enormous 21% year-on-year decline in its home motorbike gross sales in December. Bajaj Auto despatched 124,125 bikes within the reported month, in comparison with 157,252 models in the identical month a 12 months in the past.
While home gross sales weighed on the auto large, December noticed a 13% enhance in exports. In December 2018, Bajaj Auto's exports elevated to 160,677 models. Total motorbike gross sales declined by 1% in December.
Sales of home business autos of Bajaj Auto elevated however exports fell. <! –
Domestic Commercial Vehicle Dispatch elevated by 26% to 29,038 models in December 2018 from 23,099 models. On the opposite hand, exports decreased 8% from 24,245 models in December 2018.
Bajaj Auto's motorbike and business autos exports had been the very best within the three-month interval within the December quarter.
At 11:09 am, shares of Bajaj Auto Ltd. misplaced 0.7% to commerce at Rs 3,125.
In the quarter ended September 30, Bajaj Auto reported a 21.69% year-on-year enhance in standalone web revenue to 1,402.42 crore. It posted a web revenue of ₹ 1152.48 crore in the identical quarter final 12 months.