Bajaj Auto sales declines 2% to 2,91,567 units in March 2023

Bajaj Auto Ltd on Wednesday reported 2 per cent decline in total sales at 2,91,567 units in March this year as against 2,97,188 in the corresponding month last year.

Total domestic sales surged 47 per cent at 1,86,522 units last month compared to 1,26,752 units in March 2022, Bajaj Auto said in a statement.

Exports declined 38 per cent and stood at 1,05,045 units as compared to 1,70,436 units in the year-ago month.

Further, overall two-wheeler sales were at 2,47,002 units as against 2,56,324 units in the same month a year ago, down 4 per cent, the company informed.

Commercial vehicles sales were up 9 per cent at 44,565 units last month, compared to 40,864 units in March 2022.

Bajaj Auto stated in FY23, its total sales dropped 9 per cent to 39,27,857 units from 43,08,433 units in FY22.

On Wednesday, at around 12:22 PM, Baja Auto shares were trading marginally higher by 0.54% at Rs4015.50 per share on the BSE.