On a sequential basis, the company's total sales surged 25.79% from 2,75,868 units sold in May 2022.

Domestic sales dropped 15% to 1,38,351 units in June 2022 as compared to 1,61,836 units in June 2021. Exports rose 13% to 2,08,653 units in June 2022 as against 1,84,300 units in June 2021.

The total two-wheelers sale rose 2% to 3,15,948 units in June 2022 as against 3,10,578 units sold in June 2021. While, commercial vehicles sales slipped 13% to 31,056 units in June 2022 from 31,056 units sold in June 2021.

On 27 June 2022, the board of Bajaj Auto approved the proposed share buyback of upto Rs 2,500 crore at a price not exceeding Rs 4,600 per share through open market.

The indicative maximum number of equity shares to be bought back under the buyback would be 54,34,782 equity shares, comprising approximately 1.88% of the paid-up share capital of the company.

The company will utilise at least 50% of the amount earmarked as the maximum buyback size for the buyback i.e. Rs 1,250 crore (minimum buyback size). Based on the minimum buyback size and maximum buyback price, the company would purchase a minimum of 27,17,392 equity shares.

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.

On a consolidated basis, the company reported 1.62% fall in net profit to Rs 1,526.16 crore on 8.14% decline in net sales to Rs 7,728.13 crore in Q4 FY22 over Q4 FY21.