Bajaj Auto rallies after Jan sales rise 8% YoY
Bajaj Auto rose 2.30% to Rs 4,208.75 after the two-wheeler maker's total sales rose 8% to 4,25,199 units in January 2021 from 3,94,473 units in January 2020.
While total domestic sales declined 11% to 1,70,757 units, total exports improved 26% to 2,54,442 units in January 2021 over January 2020. During the month, the company’s total two-wheeler sales jumped 16% year-on-year (YoY) to 3,84,936 units. Total commercial vehicles sales declined 35% year-on-year to 40,263 units in December 2020.
Bajaj Auto’s consolidated net profit jumped 29.8% to Rs 1,716.26 crore on 17.4% surge in net sales to Rs 8,730.10 crore in Q3 December 2020 over Q3 December 2019.
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.
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