Bajaj Auto’s November sales decline by 13 per cent

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Mumbai, Dec 2 (IANS) Two- and three-wheeler major Bajaj Auto on Friday reported a decline of 13 per cent in its total sales including exports for November.

According to the company, its total sales during the month under review stood at 269,948 units from an off-take of 309,673 units during the corresponding month of 2015.

However, total domestic sales in November were down 10 per cent to 154,523 units from 172,358 units sold during the like month of last year.

The overall exports during the last month declined by 16 per cent to 115,425 units from 137,315 units shipped out during the corresponding month of 2015.

The company’s total motorcycle sales during the month under review decreased by 12 per cent to 237,757 units from 270,886 units sold in the like month of last year.

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In contrast, the overall commercial vehicle sales declined by 17 per cent to 32,191 units from 38,787 units sold during November 2015.

Earlier, Eric Vas, President, Motorcycle Business, Bajaj Auto had said demonetisation had impacted company’s two-wheelers sales.

Vas had at that time divulged that sales were down by 50 per cent in rural India and 25 per cent in urban areas during November.

However, later in an interaction with IANS, Vas said overall sales recovered from the initial impact of demonetisation subsequently, but were still lower during November.

The company’s scrip at the BSE gained by 0.64 per cent to Rs 2,702.45 from its previous close of Rs 2,685.15.

–IANS

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