Bajaj Auto slips 3% on flat June sales numbers; sheds 7% in last three days

Shares of Bajaj Auto (BAL) slipped  3 per cent to Rs 3,601 on the BSE in Friday’s trade after the company reported flat sales at 347,004 units in June. The two-three wheelers maker had sold a total of 346,136 units during the same month last year.

The company’s total two-wheeler sales grew 2 per cent year on year (YoY) to 315,948 units, mainly due to a 23 per cent YoY jump in exports at 190,865 units during the month. Domestic two-wheeler sales, however, declined 20 per cent YoY at 125,083 units.

One of the other reasons for weak