Bajaj Auto reports 11% increase in sales for July

Bajaj Auto reported an 11 per cent year-on-year increase in total vehicle wholesales, including exports, with 3,54,169 units sold in July.

This growth comes from the Pune-based automaker's sales of 3,19,747 two-wheelers and commercial vehicles in July 2023, according to a company statement.

The company's total domestic sales, including commercial vehicles, surged 18 per cent to 2,10,997 units in July, up from 1,79,263 units sold in the same month last year.

Meanwhile, total exports saw a modest 2 per cent rise, with 1,43,172 units exported compared to 1,40,484 vehicles in the year-ago period.

Following sales number, Bajaj Auto shares rose 0.3 per cent to Rs 9,692, marginally outperforming the Sensex which was up 0.09 per cent.

(With PTI inputs)