Bajaj Auto posts marginal 1% growth in April 2015 sales

Two wheeler maker Bajaj Auto posted a marginal growth of 1% in sales at 3,36,274 in April 2015 compared to 3,31,529 units sold in the same month a year ago. The company’s sluggish growth was due to decline in motorcycle sales.

In a statement filed with Bombay Stock Exchange (BSE) today, Rajiv Bajaj, Managing Director, Bajaj Auto Ltd, said the company sold 2,85,791 units of motorcycles in April 2015, down by 5% from 2,99,636 units in the corresponding month in the previous year.

However the company has improved its performance in the commercial vehicle sector. Its commercial vehicle sales surged by whopping 58% to 50,483 units from 31,893 units during the period, recording highest ever sales for any April.

Of the total sales, the company’s exports stood at 1,61,598 in April 2015, up by 7% from 1,50,714 units, registering second-highest ever sales for any April month.