Bajaj Auto share price rises 2% as sales jump 25% in March. Should you buy?

Bajaj Auto share price rises 2% as sales jump 25% in March. Should you buy?
Bajaj Auto share price rises 2% as sales jump 25% in March. Should you buy?

Bajaj Auto share price: Shares of Bajaj Auto gained over 2 per cent today (April 2) as the two-wheeler company clocked a 25 per cent jump in March sales. The company said that it sold 3,65,904 units in March against 2,91,567 units in the year-ago month as sales were up 11 per cent.

Bajaj Auto share price: How are Bajaj Auto shares performing today?

Bajaj Auto share price: Shares of Bajaj Auto rose 2.21 per cent to hit a high of 9,241.25 on BSE.
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Shares of Bajaj Auto rose 2.21 per cent to hit a high of 9,241.25 on BSE. This comes after the stock fell for two sessions.

What Bajaj Auto said about its sales?

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The company said that two wheeler sales were up 27 per cent to 3,13,885 units for March against 2,47,002 units YoY. Domestic sales in the two-wheeler segment were up 20 per cent at 1,83,004 units.

Bajaj Auto to launch CNG motorcycle in June

Bajaj Auto is set to launch a Compressed Natural Gas-run motorcycle in June 2024, MD Rajiv Bajaj said as the company aims to attract environmentally conscious consumers. Rajiv Bajaj said earlier that the new bike will appeal to mileage-conscious riders and will be launched under a distinct brand.

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Rajiv Bajaj said that this comes as almost 60,000 to 70,000 CNG-run 3-wheelers are being sold every month as the three-wheeler industry has migrated to CNG in the past five years.

“Launching the Bajaj Engineering Skills Training (BEST) last year has been a valuable learning experience for us. It gave us a very clear picture of the critical gap between theoretical education and practical skills needed in the manufacturing industry. The insights gained through BEST acted as a cornerstone in laying down the groundwork. With Bajaj Beyond, we will expand our skilling efforts across the group,” Rajiv Bajaj said.

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