Bajaj Auto, the two-wheeler maker’s total sales increased 8 per cent to 4,01,595 units in August 2022, which is compared with 3,73,270 units sold in August of last year. Meanwhile, in July 2022, the company’s total sales climbed 13.23 per cent from 3,54,670 units sold in July 2022. During the year, domestic sales jumped 49 per cent to 2,56,755 units, while exports fell 28 per cent to 1,44,840 units in August 2022. Last year, in August, sales rose by 5 per cent to 3,55,625 units, while total commercial vehicle sales rose 31 per cent to 45,970 units.
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Bajaj Auto is engaged in developing, manufacturing and distributing automobiles such as electric two-wheelers, motorcycles, commercial vehicles, etc.
The consolidated net profit of Bajaj Auto has declined marginally to Rs 1,163.33 crore in the first quarter of FY23 from Rs 1,170.17 crore posted in the first quarter of FY22. Revenue from operations hit a high of 8.37 per cent YoY to Rs 8,005 crore on 30 June 2022. The scrip was down 0.36 per cent at Rs 4070.35 on the Bombay Stock Exchange (BSE).
