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Bajaj Auto gains on healthy October sales numbers

October 2012 total sales at 411,502 units against 395,274 units sold in the same month last year.

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SI Reporter Mumbai

Bajaj Auto has moved higher by 2.3% at Rs 1,888 after reporting a second highest monthly sales of 411,502 units in October 2012. The two-wheeler maker had sold 395,274 units in the same month last year.

The sales of its motorcycles increased 3% from a year ago to 361,186 units, while commercial vehicle sales were surged 14% to 50,316 units.

Total exports for October was however down 4% to 126,091 units compared to 131,948 units in the same period last year, Bajaj Auto said in a statement.

The stock opened at Rs 1,855 and hit a record high of Rs 1,890 on the NSE. A combined 135,658 shares have changed hands on the counter in early noon deals on both the exchanges.

 

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First Published: Nov 02 2012 | 10:36 AM IST

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