Bajaj Auto Ltd. sold fewer vehicles last month, making it one of the very few auto companies to not post a year-on-year rise in July. It also marked the fifth-straight month of decline for the Pune-based company.
Total sales fell by seven percent to 3,07,727 units, registering a drop in India and abroad, according to exchange filings.
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It was the auto rickshaw maker's commercial vehicles segment that registered the sharpest fall last month while motorcycle sales also slowed down in India.
Overall exports fell by 10 percent, year-on-year, with all categories except commercial vehicles registering a drop.
Bajaj Auto was trading 0.8 percent down at Rs 2,800 on the National Stock Exchange at 10.01 a.m.
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