Bajaj Auto June sales skid 14% to 2.96 lakh units
The Pune-based company's domestic sales declined 20 percent year-on-year to 2.55 lakh units. The strike at its Chakan plant caused a loss of 20,000 motorcycles, it said.
July 02, 2013 / 20:37 IST
Moneycontrol Bureau
Bajaj Auto's total sales in June declined 14 percent year-on-year to near 2.96 lakh units, as strong demand for three-wheeler commercial vehicles was offset by sluggish growth in motorcycles.The India's second largest two-wheeler maker sold 2.55 lakh motorcycles last month, down 20 percent from a year ago.Bajaj Auto's workers at Chakan plant have gone on a strike since last week and that has caused a loss of 20,000 motorcycles, it said.The company's CV sales, meanwhile, surged 54 percent to 41,205 units in June.Bajaj Auto's total exports were up 4 percent at 1.20 lakh units.For the April-June quarter, the company's total sales are down 9 percent to 9.79 lakh units.Also Read: M&M pings hopes on Centuro to lift 2-wheeler bizIn comparison, India's largest two-wheeler maker Hero MotoCorp sold 5.02 lakh units in June, down 6 percent year-on-year.On the other hand, Yamaha Motor India's sales accelerated 52 percent to 49,168 units, last month. Its domestic sales rose 46 percent to 35,561 units.Bajaj Auto shares were down 0.2 percent at Rs 1,920.05 on NSE in morning trade on Tuesday. Hero MotoCorp shares were down 1.4 percent at Rs 1,675.45 Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
