Bajaj Auto shares ride on robust April sales as it plans ambitious launches in FY25

Sale of commercial vehicles jumped 7 percent on year to 46,467 units. Of the total CV sales, exports saw a notable rise of 20 percent while domestic sales gained marginally on year.

Bajaj Auto has declared to line up an ambitious launch pipeline for FY25, including the world's first CNG-fuelled bike.

The company has started making inroads in the Egypt, after the government formally recognized the category of quadricycles for public transportation. Bajaj Auto has started to export its auto taxi Qute to Egypt from April. "The recognition of Qute opens a potentially large segment which we will steadily develop," Bajaj Auto had said in a post-result conference call in April. Bajaj Auto had red flagged the currency situation in Egypt, stating it can't start pushing out as many units as it desires. However, it will be exporting about 250 units immediately, the company said in April.

The Egyptian Pound experienced a significant decline against the dollar in March following the Central Bank of Egypt's decision to raise its main interest rate.

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