Bajaj Auto, one of India’s leading two-wheeler and three-wheeler manufacturers, saw its stock slip by 3% after reporting a decline in domestic sales for October 2024.
The company posted a total sales volume of 479,707 units for the month, marking a modest 2% year-on-year (YoY) growth. However, domestic two-wheeler sales dropped by 8% YoY, totalling 303,831 units. In contrast, exports experienced a significant 24% increase, reaching 175,876 units, bolstering the company’s international footprint.
As of 9:21 am, Bajaj Auto shares were trading 3.56% lower at Rs 9,524.15 on the NSE.
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