Bajaj Auto’s sales decline 11% in March

Mumbai, April 3 (IANS) Two- and three-wheeler maker Bajaj Auto on Monday reported a decline of 11 per cent in its total sales, including exports, for March 2017.

According to the company, its total sales during the month under review fell to 272,197 units from 305,800 units reported during the corresponding month of 2016.

Besides, its total domestic sales in March stood at 169,279 units -- down 17 per cent -- from 204,281 units sold during the like month of last year.

On the other hand, its overall exports during the last month were a tad higher by a per cent to 102,918 units from 101,519 units shipped out during the corresponding month of 2016.

The company's total motorcycle sales during the month under review slipped by eight per cent to 244,235 units from 264,249 units sold in the like month of last year.

In addition, the overall commercial vehicle sales plunged by 33 per cent to 27,962 units from 41,551 units sold during March 2016.

On financial year basis, the company's total sales, including exports during 2016-17, were lower by six per cent at 3,665,950 units from 3,893,581 units sold during April 2015-March 2016.

The domestic sales during 2016-17, however, were up by five per cent at 2,254,617 units, whereas the overall exports were lower by 19 per cent at 1,411,333 units.

The company's total motorcycle sales during the fiscal under review slipped by four per cent to 3,219,932 units, while the sales of commercial vehicle sales edged lower by 17 per cent to 446,018 units during April-March 2017.

On the BSE platform, the firm's scrip fell by 0.87 per cent or Rs 24.45 to Rs 2,783.05 per equity share from its previous close of Rs 2,807.50 per share.