Bajaj Auto Misses The Bus In July

Bajaj Auto Misses The Bus In July
Two spectators have a close look at the Bajaj Auto’s Pulsar DTS-i motorbike at the 8th annual Auto Expo in New Delhi, India. (Photographer: Sondeep Shankar/Bloomberg News)

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.

Also Read: Auto Sales Rise In First Month Of GST After Transition Pain

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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