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This Article is From Jul 04, 2016

Bajaj Auto’s June Sales Slip 4%

Bajaj Auto stock slips on poor June sales figures. 

Bajaj Auto’s June Sales Slip 4%
Workers Assemble Motorcycles at Bajaj Discovery Assembly Line (Photographer: Santosh Verma/Bloomberg)

Shares of Bajaj Auto Ltd. fell close to one percent after the company announced that its sales for the month of June decreased four percent to 3.16 lakh units.

Exports declined 21 percent compared to the same month last year, while domestic sales grew 11 percent, the company said in an exchange filing.

Motorcycle sales declined five percent to 2.73 lakh vehicles, while sales of commercial vehicles remained flat at 43,671 units.

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