Bajaj Auto Reports 25% Rise in March Wholesales
By Rediff Money Desk, NEWDELHI Apr 02, 2024 12:24
Bajaj Auto Ltd. saw a 25% year-on-year growth in total vehicle wholesales in March, driven by strong domestic and export sales. The company also reported a positive fiscal year performance.
New Delhi, Apr 2 (PTI) Bajaj Auto Ltd on Tuesday reported 25 per cent year-on-year growth in its total vehicle wholesales, including exports at 3,65,904 units in March.
The Pune-based automaker had sold 2,91,567 two-wheelers and commercial vehicles in March 2023, according to a company statement.
Total domestic sales (including commercial vehicles) rose 18 per cent at 2,20,393 units in the last month compared to 1,86,522 units sold in the same month last year.
Total exports during the month under review rose 39 per cent at 1,45,511 units from 1,05,045 vehicles shipped out to overseas markets in March last year, according to the statement.
For the fiscal ended March 31, 2024, the company reported wholesales of 4,350,933 units, an 11 per cent increase over 3,927,857 units in the 2022-23 fiscal.
Domestic dispatches to dealers rose 29 per cent to 2,714,723 units in FY24 as compared with 2,106,617 units in the 2022-23 fiscal.
Exports however declined 10 per cent last fiscal at 1,636,210 units from 1,821,240 units of two-wheelers and commercial vehicles in FY23.
The Pune-based automaker had sold 2,91,567 two-wheelers and commercial vehicles in March 2023, according to a company statement.
Total domestic sales (including commercial vehicles) rose 18 per cent at 2,20,393 units in the last month compared to 1,86,522 units sold in the same month last year.
Total exports during the month under review rose 39 per cent at 1,45,511 units from 1,05,045 vehicles shipped out to overseas markets in March last year, according to the statement.
For the fiscal ended March 31, 2024, the company reported wholesales of 4,350,933 units, an 11 per cent increase over 3,927,857 units in the 2022-23 fiscal.
Domestic dispatches to dealers rose 29 per cent to 2,714,723 units in FY24 as compared with 2,106,617 units in the 2022-23 fiscal.
Exports however declined 10 per cent last fiscal at 1,636,210 units from 1,821,240 units of two-wheelers and commercial vehicles in FY23.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- IFL Enterprises
- 1.36 (+ 4.62)
- 95510990
- Franklin Industries
- 3.90 (+ 4.56)
- 27302785
- Vodafone Idea L
- 16.16 ( -3.75)
- 21146179
- Indian Renewable
- 258.95 ( -4.89)
- 14148327
- AvanceTechnologies
- 0.90 ( -1.10)
- 11438895
MORE NEWS
Indian Markets Turn Negative After Record Highs
Indian stock markets experienced volatility on Thursday, turning negative after...
ASK Property Fund Invests Rs 190 Cr in...
ASK Property Fund has invested Rs 190 crore in a real estate project being developed by...
Japan Trade Deficit Shrinks as Exports Rebound
Japan's trade deficit narrowed in the first half of 2023, driven by a recovery in...