new Delhi: India's leading two-wheeler producer Bajaj Auto Ltd reported a massive 21% year-on-year decrease with its domestic bike product sales in December. Bajaj Auto delivered 124,125 motorbikes when you look at the stated month, when compared with 157,252 devices in identical thirty days a-year ago.
While domestic product sales weighed regarding the car monster, December saw a 13per cent upsurge in exports. In December 2018, Bajaj Auto's exports risen up to 160,677 devices. Total bike product sales declined by 1% in December.
Sales of domestic commercial automobiles of Bajaj Auto increased but exports dropped. <! –
Domestic Commercial Vehicle Dispatch increased by 26percent to 29,038 devices in December 2018 from 23,099 devices. On the other side, exports reduced 8% from 24,245 devices in December 2018.
Bajaj Auto's bike and commercial automobiles exports had been the best into the three-month duration into the December one-fourth.
At 11:09 am, stocks of Bajaj Auto Ltd. lost 0.7% to trade at Rs 3,125.
In the quarter finished September 30, Bajaj Auto reported a 21.69% year-on-year upsurge in stand-alone web profit to 1,402.42 crore. It posted a net revenue of ₹ 1152.48 crore in identical one-fourth this past year.