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Bajaj Auto reports 9% YoY drop in sales during August 2020



Posted On : 2020-09-02 10:05:09( TIMEZONE : IST )

Bajaj Auto reports 9% YoY drop in sales during August 2020

Bajaj Auto Limited has announced the sales performance for the month of August 2020. The company has reported total sales of 356199 units in August 2020 as against 390026 units in August 2019, registering a drop of 9% YoY.

The company has sold 321058 units of motorcycles during August 2020, as compared to 325300 in August 2019, a drop of 1% YoY. Exports of motorcycles was down 6% YoY to 142838 in August 2020, as against 152276 in August 2019. Whereas, the domestic sales of motorcycles increased 3% YoY to 178220 units in August 2020 as compared to 173024 units in August 2019.

Commercial Vehicles sales dropped 46% YoY to 35141 units in August 2020, as compared to 64726 in August 2019. Exports of Commercial Vehicles was 7% lower at 27482 units in August 2020, as against 29641 in August 2019. Domestic sales of Commercial Vehicles dropped 78% in August 2020 to 7659 units as compared to 35085 units in August 2019.

Shares of BAJAJ AUTO LTD. was last trading in BSE at Rs.2958.8 as compared to the previous close of Rs. 2971.35. The total number of shares traded during the day was 259604 in over 2995 trades.

The stock hit an intraday high of Rs. 3000.65 and intraday low of 2931.7. The net turnover during the day was Rs. 765643170.

Source : Equity Bulls

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