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Results▲ Bullish for Bajaj Auto
Bajaj Auto Exclusive: Supply chain issues resolved, October sales to be better, says Joint MD Rakesh Sharma
The brief
- Rakesh Sharma said component delays and shipping constraints caused the entire 40,000-unit September production shortfall
- He expects October sales to be better after supply chain issues were resolved
- A production recovery could lift Bajaj Auto sales and ease near-term supply concerns
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- Bajaj Auto September sales rise 5%; exports jump 32%
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September vehicle sales and auto stocks
M&M reported September vehicle sales of 1,14,874, up 15% year on year, while Bajaj Auto sold 5,38,443 units, up 5%. Auto shares fell as September sales softened after August records; Nifty Auto dropped 3% to a more than four-month low.
Thursday, 1 October
- Bajaj Auto Exclusive: Supply chain issues resolved, October sales to be better, says Joint MD Rakesh Sharma