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Bajaj Auto records 12% drop in November domestic sales; stock dips 1%

Bajaj Auto registered a decline of 12% in its domestic sales to 2.07 lakh units in November 2019 vs. 2.34 lakh units in November 2018, Bajaj Auto said in a statement.

However, the overall sales for the company witnessed a marginal dip of 1% at 4.03 lakh units last month.

The company’s exports saw the highest number of units dispatched to 1.95 lakh in November 2019 as against 1.72 lakh units in the same month last year, an uptick of 14%.

Total motorcycles and commercial vehicles fell by 14% and 1% respectively in the month under review.

Bajaj Auto Ltd is currently trading at Rs3,155.75, down by Rs20.3 or 0.64% from its previous closing of Rs3,176.05 on the BSE.

The scrip opened at Rs3,185 and has touched a high and low of Rs3,215.20 and Rs3,152 respectively.

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