Bajaj Auto Ltd. clocked its best monthly sales growth in over eight years.
The Pune-based company sold 4.04 lakh units in June, an increase of 65 percent over same period last year, it said in its exchange note. This was the eighth straight month of sales growth for the two- and three-wheeler maker.
Commercial Vehicles: Best-Ever Monthly Sales
Bajaj Auto's commercial vehicle segment clocked its highest-ever monthly sales in June, the company said. They rose 66 percent year-on-year to 66,677 units.
- Domestic sales jumped rose 78 percent to 33,627 units.
- Exports sales rose 55 percent to 33,050 units.
Domestic Sales Outperforms Exports
Bajaj Auto's domestic sales outperformed exports on an overall basis last month. The automaker sold 2.34 lakh units in the domestic market in June, an increase of 85 percent over the year-ago month. That compares with 44 percent growth in exports on a yearly basis during the period.
Shares of Bajaj Auto extended gains for the second day and rose as much as 3.1 percent to Rs 2,898 apiece in early trade. The stock was the best performer on both Sensex and Nifty.
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