Bajaj Auto consolidated monthly sales continue to go down
Stock trades flat, reflecting the slowdown in the two-wheelers segment.
On November 1, Bajaj Auto Limited posted its monthly sales data for October 2021. Overall sales have been down on a year-on-year basis. The most affected segment was the two-wheeler domestic sales numbers. The company sold about 1.98 lakh units in October 2021 whereas it had sold 2.6 lakh units in October 2020. A decline of 26% can be seen in the two-wheeler segment. However, the commercial vehicles segment showed a growth of 58% in the domestic market. It sold about 19,827 units in October 2021 as against 12,529 units in October 2020. The exports market which has been a strong suit of Bajaj Auto Ltd had seen a decline of 4% for the sales of both two-wheelers and commercial vehicles. The total consolidated sales declined by 14%.
The sales in September 2021 had reflected the slowdown in the two-wheeler segment. The total consolidated sales in September were down by 9% on a YoY basis. The October 2021 sales witnessed a continuation of the same downtrend. The company had posted excellent quarterly results. The September quarter ended results have been one of the best among its peers. The net sales had grown by 16.2% while the profit after tax had grown by 67.5% on a sequential basis.
Bajaj Auto Limited is the flagship company of Bajaj Group and is one of the leading manufacturers of two-wheelers and three-wheeler vehicles. It is the world’s third-largest manufacturer of motorcycles and the largest manufacturer of three-wheeler vehicles globally.
Reacting to the monthly sales numbers, the stock is trading flat today.
At 12:20 PM on November 1, 2021, the stock was trading at Rs 3709.95. It has a 52-week high of Rs 4361.2 and a 52-week low of Rs 2823.35.
About the Author
Start Investing Now!
Open Free Demat Account in 5 mins