Demonetisation effect: Bajaj Auto December sales slump 22% to 225,529 units, exports skid 24%

Bajaj Auto sold 225,529 vehicles in the nine-month ended December 2016 against 289,003 vehicles in December 2015, registering a 22 percent decline in sales.

Domestic sale of motorcycles were down 18 percent while commercial vehicles were down 46 percent.

Domestic sales of motorcycles were down 11 percent at 106,665 for the December 2016 period against 120,322 for December 2015. Exports of motorcycles in the same period were down 24 percent 96,647 for December 2016 against 127,460 in December 2015.

Total sales of commercial vehicles stood at 22,217 vehicles against 41,221 vehicles in the previous year period. Domestic sales of commercial vehicles were down 44 percent at 13,060 for the period ended December 2016 against 23,204 in the same period ended December 2015. Exports were down 49 percent at 9,157 for December 2016 against 18,017 in the previous year.



Bajaj Auto shares were down 1.40 per cent or Rs 36.85 at Rs 2,597 at about 9.45 am.

In November too, the company reported a 13 per cent decline in total sales at 2,69,948 units as against 3,09,673 units in the same month last year. Motorcycle sales during the month fell by 12 per cent to 2,37,757 units as against 2,70,886 units in November last year, the company said in a BSE filing.

Bajaj Auto's commercial vehicles sales stood at 32,191 units during the month compared with 38,787 units in the year-ago period, down 17 percent.

Exports in November this year stood at 1,15,425 units as against 1,37,315 units in the same month last year, down 16 percent.

(With additional inputs from PTI)

Updated Date: Jan 02, 2017 11:40 AM

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