Bajaj Auto shares fall 3% amid weak December auto sales

/ 1 min read

The two-wheeler maker's total domestic sales dropped 15% to 1.62 lakh units in December 2024, compared to 1.90 lakh units in the same month of the previous year.

Domestic sales were primarily impacted by the two-wheeler segment, which recorded a 19% year-on-year decline to 1.28 lakh units.
Domestic sales were primarily impacted by the two-wheeler segment, which recorded a 19% year-on-year decline to 1.28 lakh units. | Credits: Getty Images

Shares of Bajaj Auto fell nearly 3% in morning trade on the first day of the new year following the company's weak December sales. The two-wheeler maker's total domestic sales dropped 15% to 1.62 lakh units in December 2024, compared to 1.90 lakh units in the same month of the previous year. However, supported by strong 18% growth in export sales, total sales saw a marginal year-on-year decline of 1% to 3.23 lakh units.

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The company’s shares opened at ₹8,754.05 and declined to a low of ₹8,551, down 3% from yesterday’s close of ₹8,798.60. The shares are currently trading at ₹8,627.75.

Domestic sales were primarily impacted by the two-wheeler segment, which recorded a 19% year-on-year decline to 1.28 lakh units from 1.58 lakh units a year ago, despite modest 5% growth in domestic commercial vehicle sales. Exports, however, showed robust performance, with the commercial vehicles segment posting nearly 50% growth and the two-wheeler segment registering a 15% increase.

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