Bajaj Auto rallies 8% on better-than-expected September sales

Exports of two-wheelers stood at 185,351 units last month, marking a rise of 16 per cent as compared to 159,382 units in September last year

Shares of Bajaj Auto rallied 8 per cent to Rs 3,112 on the BSE on Thursday after reporting a better-than-expected 10 per cent year on year (YoY) increase in its total September sales at 441,306 units, on the back of its highest-ever export sales. The two- and three-wheeler manufacturer had sold 402,035 units in the year-ago period.

Overall, two-wheeler sales saw a jump of 20 per cent to 408,851 units in September as against 336,730 units in the same month last year. Exports of two-wheelers stood at 185,351 units last month, marking a rise of 16 per cent as