Bajaj Auto Ltd.’s sales rose 1 percent in October, ending four months of year-on-year sales declines. However, exports fell for the thirteenth month in a row.
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Total sales rose to 3,56,168 vehicles from 3,52,822 vehicles in October 2015, the company said in an exchange filing.
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Motorcycle sales dropped marginally to 3,07,892 vehicles compared to 3,08,733 vehicles earlier, while commercial vehicle sales grew 9 percent to 48,276 vehicles.
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Exports Continue To Drag
Exports fell 8 percent to 1,17,387 vehicles compared to 1,27,645 vehicles last October. Bajaj hasn’t managed to deliver year-on-year growth in exports since September 2015.
While exports of motorcycles fell 11 percent to 94,895 vehicles, exports of commercial vehicles grew 7 percent to 22,492 vehicles.
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Domestic Demand Picture
- Motorcycle sales grew 5 percent to 2,12,997 vehicles compared to 2,02,042 vehicles.
- Commercial vehicle sales grew 11 percent to 25,784 vehicles compared to 23,135 vehicles.
- Overall domestic sales grew 6 percent to 2,38,781 vehicles compared to 2,25,177 vehicles last year.
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