Bajaj Auto records highest ever vehicle sales in August
September 2nd, 2011 - 4:10 pm ICT by IANSMumbai, Sep 2 (IANS) Helped by a healthy increase in exports, two-wheeler and commercial vehicle major Bajaj Auto Friday said it had logged a 16 percent rise in total sales in August at 382,739 units — its highest ever in a single month.
Vehicle exports rose 40 percent in the month under review at 138,225 units.
The company had sold 329,364 vehicles in August 2010.
The core business of the vehicle manufacturer, motor cycles, saw sales rise 17 percent driven by bigger and sportier Pulsar and Discover brands, at 338,054 units. This again was the highest sales registered by this segment in a month.
Commercial vehicle sales grew 11 percent to 44,685 units in the month under review compared to 40,188 vehicles in the previous corresponding period.
Unlike car manufacturers, two-wheeler majors have had a good sales month in August.
Hero MotoCorp had Thursday reported an increase of 18.6 percent in sales for August at 503,654 units as compared to 424,617 units sold in the same period last year.
The Bajaj scrip reacted positively to the news and was ruling 2.3 percent up at Rs.1,609.15 at the Bombay Stock Exchange.
Bajaj’s sales in the current fiscal, till August, also have risen 17 percent at 1,839,266 units. In the April-August period, motorcycle sales grew 16 percent at 1,619,200 units, while commercial vehicle sales rose 23 percent to 220,066 units.
Exports in these five months have gone up 34 percent to 709,585 vehicles.
- SIAM hopes auto sales will pick up from mid-September - Sep 02, 2011
- Bajaj Auto's August sales rise 55 percent - Sep 02, 2010
- August auto sales slump on high fuel, interest costs (Roundup) - Sep 01, 2011
- Hero MotoCorp's August sales up 18.6 percent - Sep 01, 2011
- Bajaj Auto's April sales up four percent - May 02, 2012
- Bajaj Auto sales rise 17 percent in April - May 02, 2011
- Bajaj Auto sales zoom 20 percent in May - Jun 02, 2011
- Bajaj Auto net profit rises 21 percent in June quarter - Jul 14, 2011
- Passenger car sales down 9.26 percent in August - Sep 09, 2011
- Bajaj Auto sales up 34 percent in 2010-11 - Apr 04, 2011
- Auto makers log growth despite rising prices - May 02, 2011
- Bajaj Auto's February sales up five percent - Mar 02, 2012
- High interest rate, fuel prices slow down car sales (Lead) - May 10, 2012
- Bajaj Auto's January sales up eight percent - Feb 02, 2012
- Bajaj Auto's December sales growth slows - Jan 02, 2012
Tags: bajaj auto, bombay stock exchange, car manufacturers, commercial vehicle sales, core business, five months, hero, majors, motor cycles, motorcycle sales, mumbai, rs 1, s sales, scrip, segment, two wheeler, vehicle exports, vehicle manufacturer