INSUBCONTINENT EXCLUSIVE:
Bajaj Auto said its sales volumes stood at 1,247,174 vehicles in the first quarter of 2019-20Bajaj Auto on Friday reported a net profit of
Rs 1,012.17 crore in the quarter ended June 30
That marked a fall of 2.84 per cent from its net profit of Rs 1,041.78 crore in the corresponding period a year ago
In a regulatory filing during market hours, the auto maker said its revenue rose 3.90 per cent on a year-on-year basis to Rs 7,755.82 crore
in the first quarter of the current financial year
Shares in Bajaj Auto jumped as much as 5.28 per cent during the session after the earnings announcement.The two- and three-wheeler maker's
total sales volumes grew 1.67 per cent to 1,247,174 vehicles in the first quarter of financial year 2019-20.In the domestic market, its
motorcycle sales stood at 610,936 units in Q1, marking an increase of 2.81 per cent on a year-on-year basis
Its overall share in the domestic motorcycle market increased to 18.3 per cent, from 16.3 per cent in the corresponding period a year ago,
according to the regulatory filing.In the entry segment - in which the company has a market share of 30.6 per cent, the company sold over
The segment includes the CT and Platina models.Commercial vehicle volumes, however, dropped 8.70 per cent to 86,217 vehicles in the domestic
Bajaj Auto said it continues to maintain its dominance in the commercial vehicles segment with a market share of 57 .1 per cent.Its exports
- including motorcycles and commercial vehicles - increased 2.24 per cent to 5,50,021 units in the April-June period
The company said the exports came in at the highest ever level.The auto maker's expenses rose 6.81 per cent to Rs 6,619.38 crore in the
three-month period ended June 30.Its surplus cash and cash equivalents stood at Rs 17,126 crore as on June 30, 2019, as against Rs 16,368
crore as on March 31, 2019.Bajaj Auto shares ended 2.92 per cent higher at Rs 2,619.40 apiece on the BSE, outperforming the benchmark Sensex
index which rose 0.14 per cent to break a six-day losing streak.Get Breaking news, live coverage, and Latest News from India and around the
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