The company's total auto sales in December 2021 stood at 362,470 units, down by 3% from 3,72,532 units sold in December 2020.
On a sequential basis, the total auto sales declined by 4.4% as compared with 379,276 units sold in November 2021.The company's total domestic sales rose 5% to 1,45,979 units while export sales fell 7% to 2,16,491 units in December 2021 as compared with the same period last year.
The company's total 2-wheeler sales declined 6% Y-o-Y (year-on-year) to 3,18,769 units during the month of December 2021. Total commercial vehicle (CV) sales, however, recorded a growth of 29% Y-o-Y to 43,701 units in December 2021.
Shares of Bajaj Auto were trading 0.56% higher at Rs 3,269.05 on BSE.
Bajaj Auto is the world's third largest manufacturer of motorcycles and the largest manufacturer of three wheelers. It has its manufacturing facilities located at Chakan near Pune, Waluj near Aurangabad, and at Pantnagar in Uttarakhand.
The company's consolidated net profit jumped 70.8% to Rs 2,039.86 crore on a 19.1% surge in net sales to Rs 8,385.78 crore in Q2 FY22 over Q2 FY21.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU