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Bajaj Auto October sales beat estimates, zooms 32% on growth across segments

2 November, 2018 4:15 AM
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Bajaj Auto October sales beat estimates, zooms 32% on growth across segments

Bajaj Auto's motorcycle sales during the month increased 33 percent to 4.32 lakh units, the highest ever, while 3-wheeler sales jumped 30 percent to 73,714 units YoY.

Bajaj Auto, the two-wheeler as well as three-wheeler maker, has reported highest ever monthly sales in October, beating analyst expectations on Friday.

The Pune-based auto company said total sales during the month showed a healthy 32 percent on year growth to 5.06 lakh units which were higher compared to Nomura expectations of 4.74 lakh units.

Exports grew by 38 percent to 1.86 lakh units and domestic sales shot up 29 percent to 3.2 lakh units compared to corresponding month previous fiscal.

Motorcycle sales during the month increased 33 percent to 4.32 lakh units, the highest ever, while 3-wheeler sales jumped 30 percent to 73,714 units YoY.

Source: moneycontrol.com

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