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Total domestic sales fell 2% to 1,79,263 units in July 2023, up from 1,82,956 units sold in the same period last year. Exports in July 2023 aggregated to 1,40,484 units (down 18% YoY).
The company's 2-wheeler sales declined 15% to 2,68,840 units and sales of commercial vehicles surged by 29% to 50,907 units in July 2023 as compared with July 2022.
Bajaj Auto is engaged in the business of development, manufacturing and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers etc. and parts thereof.
The company's consolidated net profit jumped 41.33% to Rs 1,644.14 crore on 28.82% increase in net sales to Rs 10,311.91 crore in Q1 FY24 over Q1 FY23.
The scrip 0.72% to Rs 4,967.25 on the BSE.
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