MOSL: AUTOMOBILES | AUG-19 VOLUMES: 1. Bajaj Auto; 2. TVS Motor; 3. Ashok Leyland
Automobiles | AUG-19 VOLUMES: 1. Bajaj Auto; 2. TVS Motor; 3. Ashok Leyland
Bajaj Auto: Wholesales in line at 390k units (-11% YoY); Domestic volumes decline ~19% YoY; Exports grow 0.3% YoY
- BJAUT's Aug'19 sales declined 11% YoY to ~390k units (in-line).
- Domestic volumes declined ~19% YoY to 208.1k units (v/s est. 221.5k units) while exports grew 0.3% YoY to ~182k units (v/s est. 177.5k units).
- Overall 2W volumes declined 10.4% YoY to 325.3k units. Domestic motorcycle dispatches declined 21% YoY to ~173k units. Motorcycle exports grew 5.4% YoY to 152.3k units.
- Commenting on the month's performance, Mr. Rakesh Sharma, Executive Director of Bajaj Auto Ltd. said, "Decline in growth rate has been more severe in August because a large part of the country was under heavy rains, which must have dampened sales."
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